‘There will not be a segment of short-term rentals that Airbnb does not wish to dominate’

first_imgHome » News » Housing Market » ‘There will not be a segment of short-term rentals that Airbnb does not wish to dominate’ previous nextHousing Market‘There will not be a segment of short-term rentals that Airbnb does not wish to dominate’Airbnb’s ambition within the property market is clear, says research companyNigel Lewis28th February 201701,783 Views The threat that Airbnb presents to agents is laid bare by recently comments by a senior figure within the company, as well as research carried out exclusively for The Negotiator within the London market.This shows that the dot com is not only beginning to eat up the general short lets market in London and remove many properties from the traditional private rented sector, but that many high-end property owners are also utilising it to increase their returns too.The research by Airdna reveals that there is a significant number of central London properties that are generating huge incomes for their owners, properties that can hardly be described as bedroom rents or sofa surfing.This includes a six-bedroom property in Mayfair that over the past 12 months has earned £97,600 for its host, a Swiss Cottage garden flat that has earned £69,800 and a Westminster duplex that has generated £67,100.Some property owners are also renting out entire apartment blocks. One property in Shoreditch, a nine-apartment block, has generated £212,670 for its owner via Airbnb over the past year, according to Airdna.“Entering the high end of the market lays out the statement that Airbnb has gone far beyond its air mattress roots,” says Airdna chief revenue officer Tom Caton (pictured, left).“The high end requires a different approach from the user generated content that powers [our] listings.“And our Luxury Rentals team of experts will help to scale Airbnb at the top end, right into the territory of other high-end traditional vacation rentals.“It is a clear statement of intent that there will not be a segment of short-term rentals that Airbnb does not wish to dominate.”Airdna says Airbnb lists 56,237 properties in the capital 24% of which were rented out for more than 90 days between February 2016 and January this year.But in a few months’ time Airbnb will begin stopping hosts from renting out their properties for more than three months, following protests from several London councils that such lets were unregulated.“The problem was that a website that was about people making a little money letting out rooms was being abused by professional landlords turning their properties into hotels by the back door,” said Tom Copley, Labour’s housing spokesman on the London assembly, recently told The Guardian.But some agents see Airbnb as an opportunity. As we reported recently, 18-branch agent Portico has set up a property management arm exclusively for Airbnb hosts. “It really does pay to get on board with Airbnb in the short-term,” said Portico MD Robert Nichols (pictured, left).London short lets airbnb February 28, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

One-time Sunderland target Edin Dzeko confirms Roma stay

first_img Roma striker Edin Dzeko has snubbed interest from Sunderland Edin Dzeko has cooled talk of a move to Sunderland by expressing his desire to deliver the goods for Roma this season.The Bosnian joined the Italian club from Manchester City last summer but he managed just ten goals during his debut campaign.That sparked rumours the striker was ready to return to England after just 12 months, with Sunderland keen.However, the 30-year-old has dismissed those claims by promising to show Roma fans what he has to offer during his second season in Italy.“It was my first season in Italy and I had to adapt and that’s why it was a little bit more difficult than perhaps everyone expected,” Dzeko told Roma’s official website.“I think now I am ready for the new season. Last year I did not have pre-season with the team, I didn’t have a lot of friendly games before the season, which made things more difficult for me.“Now I’m here from the beginning, which is very important for me. At the moment I feel good and I want to continue with the good work.“My second season? It’s always better! The Italian league is more defensive than all the other leagues, and that is perhaps why it is more difficult for us strikers.” 1last_img read more

This amazing picture of Errigal has people on a high!

first_imgAnnagry man Kevin McBride is no stranger to taking stunning photos.His Facebook page is practically littered with them such is his eye for a great shot.But his latest picture of Errigal has a lot of people talking. The colours are breathtaking. So much so that the photo has been shared more than FOUR THOUSAND times already since it was snapped on Monday last.To see a full version of this photo and many of his other shots then simply click on https://www.facebook.com/kevin.mcbride.399826This amazing picture of Errigal has people on a high! was last modified: March 28th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:ErrigalFacebookKevin McBridepicturelast_img read more

Eclipse Will Provide Training for Grid Operators

first_imgMonday’s solar eclipse will be a field day for the country’s astronomy buffs as the moon completely blocks the sun in a swath stretching from Oregon to South Carolina. For utility grid operators, the event will be much more than a good show — it will be a chance to see how well they’re prepared for power fluctuations in a solar energy future.The eclipse starts just after 9:00 a.m. in Oregon, according to a NASA website devoted to the event, with the sun completely obscured during a roughly 2-minute window beginning at about 10:20 a.m.Columbia, South Carolina, will see the eclipse about four hours later. Those on either side of this narrow “path of totality” will see lesser amounts of the sun covered by the moon.Grid operators, who are responsible for making sure there’s enough online capacity to meet demand, will be wondering how well they’re prepared for this brief but in some cases significant loss of electrical output from utility solar farms and residential rooftop PV.In California, for example, more than 5,600 megawatts of solar capacity is expected to disappear, The New York Times reports. That’s nearly one-third of the state’s total solar capacity, which provides about 10% of the state’s power.“As the eclipse carves a long shadow over California on Monday morning, it is expected to knock offline … a big chunk of the 19,000 megawatts of solar power that currently provide one-tenth of the state’s electricity,” the New York Times reports. “The California I.S.O. [Independent System Operator] plans to fill the void by ramping up natural gas and hydroelectric power plants. Then, a few minutes later, when the eclipse passes, all those solar panels will come roaring back to life, and grid operators will have to quickly make room for the sharp rise in generation by scaling back gas and hydropower.”In North Carolina, Duke Energy’s Randy Wheeless says output will drop from 2,500 megawatts to about 200 on Monday afternoon.Solar energy now provides less than 1% of the country’s total electricity, so Monday’s brief outages should be manageable. But as solar steadily becomes a more important part of the country’s energy mix, grid operators will have to get adept at balancing fluctuations in output, and Monday will give them a chance to see how well they are prepared. Making up the difference with other sources“An eclipse is obviously not something we see every day, but this is going to be a good exercise for us,” Wheeless told The Times. “There’s no doubt more solar power is going to come onto the grid in the future, and that does increase the challenge of balancing the grid even on days when there’s not an eclipse.”As solar output declines, grid operators turn to other sources of power to meet demand. That often means turning on gas turbines, or other “peakers,” which gets expensive. California also has agreements with neighboring states to send in small amounts of energy to balance out these losses, what’s called an “energy imbalance market.” The state also uses pumped hydro storage in which excess electricity generated during times of low demand is used to pump water uphill. It can be released later in the day to generate power in a turbine when demand is higher.These alternate source of energy, and the systems needed to distribute it, will become more important as California and other states add even more solar capacity to their grids. Monday’s eclipse will be a chance to “dip our toes in the water and see what that looks like,” says Eric Schmitt of the California Independent System Operator.An eclipse in Europe in 2015 gave grid operators there a chance to see what happens with a loss of solar energy, and U.S. operators watched with interest. Another solar eclipse will affect the eastern U.S. in 2024.“We would anticipate to have a lot more solar generation at that time, so our hope is to use this as a pilot for the 2024 event, which is only seven years off,” Ken Seiler of PJM Interconnection Inc. told the website Philly.com.If you plan on watching Monday’s eclipse, be sure to follow NASA’s safety recommendations so you don’t damage your eyes.last_img read more

9 months agoReal Madrid captain Ramos: Isco and Solari? It’s complicated

first_imgTagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say Real Madrid captain Ramos: Isco and Solari? It’s complicatedby Carlos Volcano9 months agoSend to a friendShare the loveReal Madrid captain Sergio Ramos admits the relationship between Isco and coach Santiago Solari is “complicated”.Isco invited more controversy when ‘liking’ a social media post disparaging of Solari after their Copa del Rey victory over Leganes.Asked about the pair, Ramos said: “Reverse the situation between Solari and Isco? It is complicated. In Madrid, everyone wants to play and this decision making is complicated for the coach. “But it’s Madrid and the questions are always who plays or does not play, if he misses an attacker, who is the keeper…? “We must feed the press.” last_img read more

22 days agoLille striker Loic Remy has no Liverpool regrets

first_imgLille striker Loic Remy has no Liverpool regretsby Paul Vegas22 days agoSend to a friendShare the loveLille striker Loic Remy has no regrets over his failed Liverpool move.The Frenchman was all set to replace Luis Suarez at Anfield only for the Reds to pull the plug on a deal after the striker failed his medical, with him later joining Chelsea.He recalled: “I was supposed to sign for Liverpool. I went for the medical in Boston, then apparently I failed the medical.”For me, everything happens for a reason, which means at the end of the day, Chelsea. We had a fantastic season.”This year Liverpool had been in trouble, it was not the Liverpool of the previous season.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more