Durban tops Airbnb’s rental money-spinner, index shows
Nested global index compares how long it takes to make back the value of a property using homestay network Airbnb compared with traditional rental market
People can pay off houses more quickly in SA using Airbnb than they can in any other country, according to a new global index. Durban topped the new 2017 Property ROI Index, created by London-based online estate agent Nested. The index compares how long it takes to make back the value of a property using Airbnb as a service compared with the traditional rental market. Airbnb is an online marketplace and homestay network. It lets people list or rent short-term lodging in residential properties, while the owner of the accommodation sets the rent cost. Founded in August 2008 and based in San Francisco, California, it operates in about 191 countries. "Aside from offering a guaranteed sale within three months, our goal at Nested is to help people get the most value from their homes. We created the 2017 Property ROI Index to better understand global variations in real estate prices from an investment perspective," Nested says on their web site. "For 75 international cities, we researched ...
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