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🔥 STR Scout Top 10 Hot List
đź’°How investors earn 10-35% net returns with ZERO effort!
Hello Airbnb Homes for Sale Members!
This weeks update in 4 minutes 28 second. An alternative passive investment that generated a 32% net return with no effort, recap of this weeks Top 10 Airbnb Homes for Sale, and catch a summary of the latest trending STR news headlines.
Sincererly,
Andy & STR Scout Team
Post your property to reach 93500 Airbnb investors, STR agents, and 40000+ STR Scout investor subscribers. Maximize your exposure with 390000+ engagements from 56000 unique visitors last month!
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The Latest Trending STR Headlines
The Airdna European Airbnb Market Review is in. The short-term rental market in Europe saw robust growth in early 2023, with demand up 20% year-over-year and revenue hitting all-time highs (up 40% YoY). However, performance varied across countries. Destinations relying on international tourism continue to lag without full recovery, while countries like Italy, Spain and Portugal saw demand surge above 2019 levels, leading to record occupancy and rates. Diverging regulations also impact countries differently - strict rules in cities like Amsterdam suppressed activity during COVID-19, and now overtourism is spurring proposed limits in some destinations. Looking ahead, while short-term rental performance rebounds overall, nuanced regional dynamics remain at play across Europe.
Zillow’s calling the bottom of the housing dip and predicting solid home price gains in nearly 50 metro hot spots - potentially promising news for Airbnb investors seeking undervalued areas. But recovery timelines will vary across markets. Savvy investors will likely target regions with tight inventory and stable affordability. Still, nothing’s guaranteed in this unpredictable market. We’ve gotta track local growth signs, study area supply and demand, and stay nimble. While returns may await in select markets, broader recovery remains uncertain. Careful tracking and flexibility will be key to capitalizing on shifting conditions in the year ahead.
According to Airbnb, interest in booking Paris region stays during the 2024 Olympics is surging, with searches up over 30% in Q2 2023 versus Q1. Suburbs are driving the spike, with searches nearly doubling quarter-over-quarter. Airbnb expects local hosts to benefit from game-time demand, noting 20% of Ile-de-France residents plan to rent homes during the Olympics. Top viewed areas are outer boroughs and suburbs where locals live, signaling tourism income will spread beyond typical hotspots. International searches are also increasing, led by France, Britain, Germany, the US and Netherlands. With demand ramping up, Airbnb encourages prospective Paris region hosts to prepare listings now to capitalize on visitor influx for the 2024 Olympic Games.
A new study analyzed beachfront vacation rental costs across 75 US beach towns using Airbnb data. Great stats here. Average weekly rates were $3,353, but top destinations like Montauk, NY exceeded $6,000. Ocean views added a 27% premium on average. For investors seeking undervalued Airbnb homes for sale, targeting affordable beach markets like Cedar Key, FL, Ocean Springs, MS or Ocean Shores, WA, where rates stay under $2,000 per week, could offer savings versus overheated coastal markets. Still, premium oceanfront locales can generate higher income despite higher buy-in costs. When searching for Airbnb investment properties near beaches, weighing local market conditions against rent potential and purchase prices is key. Also smart to work with a local STR Expert Agent who knows the local market.
A deep dive review (multiple data sources) of the current long-term rental market is signaling strong headwinds. The latest long-term rental numbers reveal a significant shift in the housing market, with national rent growth currently in negative territory year-over-year. In 2023, there has been a notable slowdown in household formation, contributing to a decline in asking rents on a year-over-year basis. Furthermore, the vacancy rate has surged to a record high, resulting in property owners facing intensified competition for a limited pool of tenants.
International buyers are pulling back from the U.S. housing market due to high mortgage rates, soaring home prices, limited supply, and a strong dollar, making purchases less financially attractive. From April to March, they bought around 67,700 homes, a 20% drop from the previous year. The median price of homes they purchased was $317,120, the highest recorded. Top countries of origin were China, Mexico, Canada, India, and Colombia. Chinese buyers showed significant gains and shifted focus towards becoming American residents. Domestic buyers still face challenges with high mortgage rates and limited supply.
Disclaimer: “Net Return" refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the date the sale is consummated. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Regulation A disclosures at masterworks.com/cd.