The Best Markets for Airbnb Investment
Whether you want to rent out an existing property for some passive income via Airbnb or you plan to dip your toes into local or foreign real estate opportunities, your Airbnb investment can bring you great profits. That is the reason today we will bring you the best markets for Airbnb investments.
Our list includes cities from major regions around the world like Europe, Latin America, and the US, so that you can have a global view of the emerging and profitable Airbnb markets.
Paraguay is located in Latin America being known by global citizens as a tax haven.That is why Airbnb investments is a great option in this country. You can buy a brand new apartment of more than 40 square meters with an initial deposit of only 5000 dollars plus the builder's own financing of up to 10 years. That's why renting it through Airbnb will pay for your investment by itself.
The second largest Hawaiian island, Maui, even without checking the details, sounds like the ideal vacation getaway destination for travelers seeking to escape the noise of the city.Maui, also known as "The Valley Isle," is known for its gorgeous beaches and stunning sunsets. So if you own any property there, particularly a beach property, you may want to turn it into a short-term rental.
In case you're an Airbnb investor seeking to purchase real estate overseas, you will not be disappointed on Maui either. Hawaii has the lowest property tax rates among U.S. states, at just 0.28%.How is that possible? Because the state of Hawaii offers generous exceptions to homeowners.But what about Maui? If Hawaii has the lowest tax rate in the US, Maui has the lowest tax in Hawaii, only 0.19%.
That along with the fact that an average rental property in Maui earns $102K per year at an average daily rate of $375 makes the beautiful island a must in the books of any Airbnb investor looking to buy a foreign Airbnb investment property.
San Cristobal, Mexico
South America has always been a desirable location for retirees, expatriates and tourists. Indeed, Mexico has the largest number of expats in the entire world, making it one of the easiest countries to relocate to from.This, along with its diverse and exciting culture, beautiful beaches and delicious food, makes it one of the hottest markets for short-term rentals.
Unsurprisingly, Airbnb has had a hard time in many regions due to property regulations there, but Airbnb is not letting that stand in its way of penetrating the Mexican market. In Mexico City, Airbnb has taken a friendly approach with the local government, agreeing to provide 3% of its total revenue from host bookings to the city government.
So now that you are aware of the dynamics of real estate in Mexico as it relates to Airbnb, let's talk about San Cristobal. With an average daily rate of $755 and an average monthly income of $8100, San Cristobal has over 95% presence on the Airbnb channel, making it one of the best Mexican cities for your Airbnb business. Mexico also has a wonderful Residency through Real Estate program that should be checked out by Airbnb investors looking to buy Mexican property, either for a primary residence or for Airbnb investments.
When it comes to Europe, you will see a booming Airbnb rental business in various regions.In Europe, it may be smart to head off the beaten path and deliver a quality vacation rental in an underrated location.We're not saying to choose the most remote locations for your Airbnb business, but choose countries that are less touristy than mainland Europe, while still providing a high quality of life.
That brings us to Vantaa, the 4th biggest city in Finland. Although not the ultimate tourist destination, Finland is the happiest country in the world.Finland is also one of the most peaceful countries in the world, making it a haven for remote workers looking to escape their stressful “office” routine.With an average daily rate of $98 and average monthly revenue of $1044, Vantaa is a wonderful European location for an Airbnb investment.
So, if you are interested in finding out more about real estate by investment program and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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