4920

News

On the house: vacation rentals in Copenhagen are good business

Jared Paolino
June 20th, 2022


This article is more than 2 years old.

Copenhageners pay a premium to own and rent property, but they can make more money hosting guests through Airbnb than hosts in most other European cities

Airbnb hosts in Denmark can make a lot of money, but home ownership remains expensive (photo: pixabay)

Copenhagen may be one of the best cities in Europe to host an Airbnb, according to an analysis by Uswitch, a UK-based price comparison service.

Copenhagen came sixth in terms of total earnings, netting the city’s Airbnb hosts an average monthly revenue of 6,351 euros – around 47,000 kroner. London, Paris, Munich, Dublin and Milan made up the top five. Oslo, Manchester, Berlin, and Madrid completed the top ten.

Higher mortgages, lower profits
When accounting for the cost of home ownership, however, Copenhagen ranked much lower. Ordering cities by the number of nights of Airbnb hosting needed to cover the mortgage, the Danish capital barely made it into the top 20.

Dublin took top spot – the average Airbnb host in the city can cover their monthly mortgage by hosting guests five nights a month. Copenhagen, in 19th, requires that Airbnb hosts have guests at least 15 nights a month to pay the bills.  

Overall, an Airbnb host in Dublin could conceivably pay off their entire mortgage in under five years. A host in Copenhagen could expect to do so in 15.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”