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The top 10 Airbnb London hotspots revealed - and number 1 may surprise you

hamlets

London tourists are looking to the hipster hotspots of Tower Hamlets and Hackney when it comes to renting accommodation through Airbnb.

While they may be some distance from the traditional attractions of central London, the two areas both have occupancy rates of 90% or more thanks to the good value and great transport links.

Landlords renting properties in Kensington and Chelsea through the Airbnb site report occupancy rates of 87%, according to the first ‘league table’ produced by My Property Host.

The past year has seen a substantial increase in the number of visitors to London booking accommodation through Airbnb, and in the number of landlords letting out their homes this way.

Planning regulations limit London homeowners to letting their property to short-term guests for no more than 90 days in a year. However, there are concerns the rule is being breached regularly.

Many local authorities are worried the impact the booming sharing economy is having on the rental market, although Airbnb is quick to deny it is responsible for the housing crisis in the capital.

Typically, a two-bedroom home for rent in Tower Hamlets cost about £568 a week, according to agents Foxtons, and £475 in Hackney. However, letting the same property through Airbnb can bring in twice that.

London’s top 10 Airbnb hotspots

Rank
Borough
Average occupancy rate*
1
Tower Hamlets
94%
2
Hackney
90%
3
Kensington and Chelsea
87%
4
City of London
86%
5
Highbury and Islington
83%
6=
Hammersmith
80%
6=
Camden
80%
8
Westminster
75%
9
Southwark
74%
10
Lambeth
70%

The high occupancy rates across London show the strength of demand from visitors, said My Property Host managing director Elena Lopez.

“Tower Hamlets and Hackney consistently have the highest occupancy rates, with hosts there able to let their properties nearly every night they want to,” she said.

“The popularity of these two boroughs is down to their combination of good transport links, trendy reputation and competitive nightly rates – factors which are prized by millennials, the people most likely to book an Airbnb stay.

“Larger homes in zones 2 and 3 will appeal more to families, and we expect properties in the City of London to do well as corporate travellers embrace Airbnb as an alternative to faceless hotels,” she added.