AirBnB has expanded its long-term rental offering to the UK market, in partnership with real estate developer Greystar.
This will allow tenants to sublet homes in the UK on a part-time basis.
Two years ago AirBnB and Greystar partnered in the US to launch AirBnB-friendly Apartments, or AFA, to help renters local apartment buildings that would allow part-time “hosting”.
This is now being expanded to the UK with nearly 1,500 applicable units already available across locations in London, all owned by Greystar.
AirBnB pointed to research that shows 79% of UK renters are seeking ways to supplement their income with over half open to home-sharing to earn extra money.
This has already been successful in the US and in the third quarter of 2024, over 2000 renters earned income through AFA buildings. Since launching two years ago, this programme has generated over $14m for AFA hosts.
“With many renters continuing to find themselves cost burdened, AFA offers a valuable opportunity to earn income through Airbnb while they’re away,” said Jesse Stein, global head of real estate at AirBnB.
“The sustained growth of AFA and the interest from partners to expand internationally demonstrate the versatility of this model. I’m excited to see it flourish.”
Maria Hatch, senior director of client relations at Greystar added: “Given the success of our partnership in the US, we’re pleased to help introduce AFA to the UK.
“It adds financial flexibility for residents and our community management teams have visibility into hosting activity, which means they can help ensure everything runs smoothly and there is no impact to the wider community.”
