Friday 10 November 2017
An Airbnb landlord in London made £11.9 million in a single year, renting out 881 properties, according to new research. That figure represents the most made in revenue by any owner in the world in the last 12 months, but another landlord was not too far behind, raking in £11.8 million through 504 properties in Bali. Top owners in cities including Cape Town, Paris and Barcelona all banked at least a million pounds through dozens of flats, rooms, and houses. “These numbers don’t show a multimillionaire sitting on a gold mine. These are businesses that have emerged in this new economy, with hundreds of employees, managing other people’s second homes.” “The Airbnb model is unique and empowers regular people, boosts local communities and is subject to local tax. It also makes Airbnb fundamentally different to companies that take large sums of money out of the places they do business.”
Time-limited permitted development right comes into force
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