Airbnb properties in London rise to more than 25,000

09 March 2016 by
Airbnb properties in London rise to more than 25,000

The number of properties listed on Airbnb in London has increased by 150-fold to more than 25,000 over the past five years, according to new research from real estate company JLL.

At the end of 2015, a total of 25,357 homes in the capital were listed on the online rental site, compared to just 171 in 2009. London now has the third highest number of listings in the world on Airbnb, behind Paris and New York which each have 35,424 and 30,480 properties respectively.

Jll's research found that 75% of people who have listed their homes on the site have done so around the time of a major event in their city, such as the 2015 Rugby World Cup.

The most common reason for listing properties on Airbnb was to raise extra income. The second most popular reason was to fill a vacant home between tenancies, suggesting an increase in the use of the online site by private rental landlords.

Nick Whitten, associate director in the residential research team at JLL, said that the research highlighted "a significant and dramatic social change" over just five years.

Earlier this week Chris Nassetta, president and chief executive of Hilton Worldwide, dismissed Airbnb as a threat to hotels because it is in the lodging and not the hospitality business. He made his remarks during a panel of global hotel chief executives at the International Hotel Investment Forum in Berlin.

Airbnb is ‘a lodging not a hospitality business', says Hilton boss - >>

House of Lords to consider relaxation of rules on the sharing economy >>

STR Global confirms growing Airbnb in London >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking