Ireland one of the best locations worldwide to invest in an Airbnb property

An average night in a Dublin Airbnb costs €211.

A new study from CIA Landlords has revealed the best OECD countries to have an Airbnb property, with Ireland ranking at an eye-watering high. Dublin comes second to Reykjavik as the best destination to invest in an Airbnb, with average monthly revenues around £2,404 (€2809). The Icelandic city also has a high occupancy rate of 77% across the whole year, although Dublin's is actually higher still, with an occupancy rate of 81%.

Airbnb owners in Dublin tend to make more revenue on a monthly basis, with averages around £2,544 (€2973), however, it is more expensive to purchase property. An apartment in Dublin averages at £5,985 (€6,993) per square metre, compared to £4,832 (€5,646) in Reykjavik.

The average rate for a night on a Dublin Airbnb is £181 (€211), and the county has 992 one-bed properties, 792 two-beds, and 284 three-beds.

Rounding out the top five best locations to invest in an Airbnb property is Amsterdam in third, Edinburgh in fourth, and Belfast in fifth place.

Warsaw on the other end of the scale is considered the worst location to invest in property for Airbnb purposes, with a daily rental rate of just £56 (€65) despite property costing £3,951 (€4617) on average per square metre. San Jose comes in as second worst, then Bogota, then Mexico City, and finally Ankara. Header image via Getty READ ON: - Free contraception scheme extends to those aged 27 - 30 - Average rent now above €1,000 in 16 counties around Ireland - 15 pumpkin patches to check out around Ireland