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Paris, Luxembourg, and Oslo: The cities with biggest Airbnb rip-offs

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The worst offender was the Airbnb prices in the Icelandic capital Reykjavík.

When planning a vacation one of the first and most important things to arrange is accommodation. Researching places to stay short term can be tricky, especially when travelling abroad. This is perhaps why many people turn to Airbnb thinking they can snag a great deal. But with more and more examples of price-hiking hosts hitting the news, OnlineMoneyAdvisor.co.uk wanted to find out if Airbnb really is the cheapest option.

To do so, in-house experts scoured the internet to find the average price of Airbnb stays across major cities, along with the average rent in the cities in order to determine once and for all if the app is a bargain or a rip off.

The top 10 cities with the biggest Airbnb rip-offs

Rank

City

Average Rental Price Per Night

Average Airbnb Price Per Night

Difference

1

Reykjavík

€ 37.10

€ 133.50

€ 96.40

2

Reading

€ 32.26

€ 123

€ 90.74

3

New York City

€ 87.85

€ 178.50

€ 90.65

4

London

€ 58.06

€ 146

€ 87.94

5

Oxford

€ 32.26

€ 117.50

€ 82.24

6

Dublin

€ 56.54

€ 139

€ 82.55

7

Copenhagen

€ 45.16

€ 127

€ 81.84

8

The Hague

€ 35.48

€ 113

€ 77.52

9

Paris

€ 40.32

€ 113

€ 72.68

10

Luxembourg

€ 53.23

€ 120

€ 66.77

Across all 51 cities included in the city, Airbnb was the most expensive accomodation option.

The worst offender was the Airbnb prices in the Icelandic capital Reykjavík. The average price of a night's stay in this city costs an incredibly reasonable 37.10 euros. However, for customers looking for accommodation on Airbnb the average price is 133.50 euros, a whopping 96.40 euros more than the average rental price.

The second largest price difference can be found in Reading, England. Once again, the average price of a night in this city is pretty affordable at just 32.26 euros. But on Airbnb it’s a different story. The average price on the site is 123 euros, which is 90.74 euros more than average.

The third biggest difference is in New York City. Perhaps unsurprisingly NYC had one of the most expensive average prices per night at 87.85 euros. However even with the high average price, the average on Airbnb was still 90.65 euros higher at 178.50 euros per night.

The top 10 cities with the smallest Airbnb rip-offs

Rank

City

Average Rental Price Per Night

Average Airbnb Price Per Night

Difference

1

Seoul

€ 40.97

€ 54

€ 13.03

2

Belgrade

€ 22.58

$37.00

€ 14.42

3

Tirana

€ 12.90

€ 30

€ 17.10

4

Bucharest

€ 17.42

€ 35

€ 17.58

5

Sofia

€ 13.87

€ 33

€ 19.13

6

Athens

€ 25.48

€ 45

€ 19.52

7

Skopje

€ 7.24

€ 28

€ 20.26

8

Podgorica

€ 11.61

€ 32

€ 20.39

9

Warsaw

€ 18.39

€ 39

€ 20.61

10

Sarajevo

€ 12.90

€ 35

€ 22.10

 

 

The city where Airbnb prices are the most in line with the average is Seoul, South Korea. The average price per night in this city is 40.97 euros. Travellers searching for a space on Airbnb can expect to pay around 54 euros which is a small increase of 13.03 euros.

The second smallest difference can be found in Belgrade, Serbia. In this city the average price per night is a very affordable 22.58 euros. The average price on Airbnb is 14.43 euros higher at 37.00 euros.

The third smallest difference is in Tirana, Albania. The price per night in this city is one of the lowest of the cities in the study at 12.90 euros. Despite the fact the difference in prices is one of the lowest in the study, the Airbnb price is still more than double the average at 30 euros per night (17.10 euros more).

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