The most popular London Airbnb properties lie not in the heart of the tourist capital, but in the East End, as per a report by recent survey findings.
The most recent findings submitted by the survey reveal that any of the houses or flats in the Tower Hamlets borough, that are set up for rent on the website, are duly occupied with a probability rate as high as 94%.
The high occupancy rate is attributed to the location of the area that is considered quite convenient for the City and the Canary Wharf. The place also has noted good connections right into the West End area. All this, with a better affordability rate compared to other central districts, are what make this spot popular amongst interested tenants.
Report findings reveal that the accommodation expenses and the average rate for a night stay for four people could cost around £151 in the borough of Tower Hamlets that includes Bethnal Green, Isle of Dogs and Spitalfields. This rate is highly affordable in comparison with the rate in London, which is £172, and £226 in Westminster.
Some of the properties advertised on the website as being available for rent on the coming month, include a flat located near the Crossharbour DLR station, with a two bedroom space, for £121.
Hackney is the second most popular borough, with Kensington and then Chelsea taking the lead. My Property Host short term let managers compiled a list while the managing director shared that the popularity of Hackney and Tower Hamlets is due to competitive rates, great transport links, and a great reputation, all of which are highly prized by millennials who mostly book on Airbnb.
With the rising popularity of the website amongst business travellers and families, changes in popularity areas are expected to emerge. City properties will be a great option for the corporate sector, while larger homes in zones 2 and 3 are ideal for families.
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