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How much is being earned from renting a house with AirBnb, from 700 euros/month in Tirana to 1160 euros in Vlora

2024-03-11 07:56:00, Ekonomi CNA

How much is being earned from renting a house with AirBnb, from 700 euros/month

Monthly rents in the capital and other districts, especially on the coast, increased rapidly in the last two years, as many individuals chose to rent them out by the day, on the platforms AirBnb, or Booking, reducing the supply of houses for rent. long term.

The trend towards daily rentals was driven by the high number of tourists coming to the country, looking to stay just a few days and willing to pay more, as well as local travelers in resort towns.

For example, if you can get 300-500 euros per month from the monthly rent, depending on the city (Tirana or coastal areas), if you rent it daily, the prices vary on average from 30-70 euros per day, although there is a risk that do not rent the accommodation unit on a daily basis. For example, if you only give it for 10 days, at 30 euros per day, the monthly income is 300 euros, while other costs such as cleaning, energy, etc. must be calculated. But, if you give it for example 20 days at 50 euros a night, the monthly income is 1000 euros.

But is it worth it to rent out the house by the day? The data of AirDna, (structure for the data of the AirBnb platform), that "Monitor" has detailed gives an idea about the demand for daily rent, the average price per night, the number of structures listed, the occupancy and the average income per day (depending on the occupancy of the apartment), the daily rental price, for the main cities of the country.

Vlora leads for the highest return, the apartment is occupied for half the month, the maximum price reaches up to 98 euros/night

Vlora is the city with the highest number of accommodation units listed, reaching almost 7 thousand/month in August and September. The REVPAR indicator, which measures the net daily income (calculated on the basis of the daily price and the occupancy rate of the accommodation unit) was 39 euros for the whole year 2023, with an increase of 43% compared to the previous year. As a result, the average monthly income for a rented unit in Vlora is 1163 euros.

The occupancy rate in 2023 was 46.6%, which means that in one month, the house is occupied for 14 days.

The most expensive rent is in August, of almost 98 euros a night, while the occupancy rate in the same month reached 70%, which means that the net daily income was 68 euros.

In September, although the units have again maintained high prices, at 72 euros/night, the occupancy rate was much lower, at only 32%, or only for 10 days, which has made the average daily net income for September of reduced to 23 euros.

During the whole year, the people of Vlorë have earned almost 26 million euros from the daily rental of houses.

Tirana, earns an average of 700 euros per month, with daily rent

Tirana is the second city with the highest number of accommodation units listed, with about 3 thousand per month. The REVPAR indicator, which measures the net daily income (calculated on the basis of the daily price and the occupancy rate of the accommodation unit) was 23 euros for the whole year 2023, with an increase of only 8% compared to the previous year. As a result, the average monthly income for a rented unit in the capital is almost 700 euros. (however, cleaning, energy and other administrative expenses should be deducted from this amount).

The capital had the highest occupancy rate in 2023, at 49%, which means that in a month, the house is occupied for half the period.

The most expensive rent is in July, of almost 51 euros a night, while the occupancy rate in the same month reached 58%. Generally, in each month of the year, the daily rent fluctuates between 40 and 50 euros/day, but the real income is between 20-23 euros/day because only half of the days the unit is occupied.

Throughout the year, the people of Tirana have earned almost 12 million euros from the daily rental of houses.

In Durrës and Golem you can rent it more expensively by the day than in Tirana

Although in Durrës and Golem the hotel accommodation structures that attract organized tourists are predominant, daily rental is also finding use, bringing a higher daily return than in Tirana, although the rental period is limited to the summer months . The higher daily profit than the capital comes because of the more expensive daily prices.

The net daily income (REVPAR) in Durrës is 31.2 euros for 2023, with an average monthly rent of about 930 euros. The rental price ranges from 51 euros in February to 84 euros in September, while the monthly occupancy rate is almost 42%.

The average daily income (REVPAR) in Golem is 35.6 euros for 2023, with an average monthly rent of about 1000 euros. The rental price ranges from 78 euros in March to 95 euros in September, while the monthly occupancy rate is almost 39%.

In 2023, the people of Durrsak earned about 5.7 million euros from the daily rent, while in Golem almost 2 million euros.

In Farka and Kashar, daily rent for villas

Farka and Kashari are mainly used by groups of young people, who rent the villas by the day for birthdays or various weekend parties. In Kashar, for example, the average daily price in November reached 194 euros, while in December 165 euros.

In Farka, the maximum price reached 120 euros in August.

Shkodra leads among the small towns

Of the other cities that have become a preferred tourist destination, Shkodra leads the way, generating a total of 2.3 million euros in 2023 from the provision of accommodation units for daily rent. The daily net income (REVPAR) in Shkodër was almost 28 euros.

In Shengjin, the daily net return is almost 21 euros, while the lowest is in Berat and Korçë, with 16.2 and 14.4 euros, respectively./ Monitor Magazine