Britain is a pearl of the Old World, a country with a rich history, many ancient cities, and natural attractions. Of course, London immediately comes to mind with its Big Ben, cabs, Buckingham Palace, and Sherlock Holmes’ house on Downing Street. But we assure you, there are many equally wonderful tourist places in Britain. Today we will talk about the most promising British cities for starting a lucrative vacation rental business. You can also read about it here — https://www.hostyapp.com/best-uk-cities-for-airbnb-investment/ to find more helpful information.
Best Airbnb Investment Locations in the UK
So, what are the best British cities to buy property in to start your business? Let’s look at the TOP 10 best locations by evaluating the number of properties for rent, the average cost of daily rent, the occupancy rate, and annual income.
Bath
This city on the river Aven has been known as a balneological resort since ancient times. The hot springs were used by the Roman legionaries who came to the land of the Britons. Today, the city is famous not only for its thermal waters but also for its architectural monuments. There are buildings of the Georgian era, as well as numerous cultural monuments of the Classical period.
Bath is mentioned in the books of many British writers: Charles Dickens, Sheridan, and Jane Austen.
- Average Daily Rate (ADR): $193
- Occupancy Rate (OR): 72%
- Revenue: $3039
- Active Rentals: 3096
- In most cases (73%), guests rent an entire house with 1 or 2 bedrooms.
Edinburgh
Scotland is the cradle of ancient legends, medieval castles, and harsh but picturesque nature. And its capital, Edinburgh, can rightfully be called one of the most beautiful cities in this region. It is here where the famous Edinburgh Castle, the mountain of the legendary King Arthur, and Holyrood Palace are located.
Stunning architecture and distinctive Scottish culture attract millions of tourists to Edinburgh every year. So the tourism business is booming here.
- ADR: $184
- OR: 83%
- Revenue: $3,209
- Active Rentals: 7404
- As in Bath, 1 or 2-bedroom homes are in high demand here.
Oxford
This city is known all over the world thanks to the legendary Oxford University, founded in the 11th century. Here, guests of the city can sit in world-famous pubs and markets, visit museums and enjoy the ancient architecture of this authentic British city. Tourists come here all year round, so the occupancy in local hotels is always very high. Your short-term rental business here will develop very quickly in these areas.
- ADR: $184
- OR: 74%
- Revenue: $2,698
- Active Rentals: 3414
- In Oxford, 66% of tourists rent a house, and 34% rent an apartment. Also, many hotels have parking.
London
The capital of Great Britain is a real tourist Mecca of Western Europe. For centuries, the city on the Thames has been the center of world history, and therefore the sights here are literally at every step. Westminster Abbey, the Tower of London, Buckingham Palace, Trafalgar Square… the list is endless.
Yes, the cost of real estate in London is quite high, but it pays off due to the large flow of tourists at any time of the year. But you should also be prepared for high competition: there are a lot of hotels, hostels and guest houses here.
- ADR: $223
- OR: 76%
- Revenue: $2,870
- Active Rentals: 38,876
- Most London tourists prefer apartments with a kitchen and internet. But parking is not a prerequisite.
Dundee
This city in Scotland is best known for its railway bridge. The current bridge was built in 1878, but its predecessor has become synonymous with disaster: in 1879, the bridge over the Tay collapsed along with the train traveling over it.
The city is also known for its old narrow streets, filled with the true spirit of Old Scotland. Tourists come here from other regions of Britain, from European countries, and even from other continents.
- ADR: $174
- OR: 74%
- Revenue: $2,660
- Active Rentals: 2,477
- Most for rent in this city are rented houses with two bedrooms.
Chester
In ancient times, this ancient city belonged to the Celtic tribes and was called Deva. And received its current name in 616, after the victory of the Anglo-Saxons in the Battle of Chester.
Modern Chester has preserved its medieval relics. The four largest streets of the city were laid by Roman workers, and the cathedral dates back to the 13th-16th centuries.
Connoisseurs of history and art come here to feel the atmosphere of centuries and admire the monuments of architecture.
- ADR: $155
- OR: 70%
- Revenue: $2,393
- Active Rentals: 1,901
- Most of the properties for rent are houses with 1-2 bedrooms, parking, and internet.
Portsmouth
In Portsmouth, an ancient Roman fortress has been preserved, which became a ship dock in the Tudor era. Now there is a permanent exhibition of famous ships of past centuries: for example, the Warrior ship museum and the famous Mary Rose.
- ADR: $174
- OR: 67%
- Revenue: $2,409
- Active Rentals: 3,520
- Most of the properties here are two-bedroom houses. Most houses have a kitchen and parking.
Cambridge
This British city is famous for its University of Cambridge, which is one of the oldest in the Old World. This is a city with many beautiful houses, authentic pubs, and churches in the Gothic style. It is also where the famous Guildhall is located, a building with over 800 years of history.
- ADR: $157
- OR: 75%
- Revenue: $2,340
- Active Rentals: 2,288
- Unlike other tourist cities in the UK, apartment rentals are quite popular here.
Liverpool
Liverpool is a city of migrants, a city of youth and cultural events. Here they have fun, make purchases, and go to concerts and clubs. Here is Wellington’s Column – a monument dedicated to the Battle of Waterloo, a monument to Nelson and Liverpool Cathedral, which has become a monument of the Art Nouveau era.
- ADR: $172
- OR: 55%
- Revenue: $2,212
- Active Rentals: 3,173
- Most properties for rent in Liverpool are two-bedroom houses.
Britain is a country where every city and every street is imbued with the atmosphere of the Middle Ages, ancient conquests, and the spirit of the heroic past of the Britons, Scots, and Gauls. The tourism business is developing rapidly here. Yes, there will be many competitors, but if you, as a host, can offer your guests something really unusual, you will get a profitable business and a stable income.
