At least a dozen Airbnb hosts are earning more than 100 thousand euro a year renting out homes on short-term contracts, according to a report in the Irish Independent.
The figures supplied by AirDNA, show one owner of a large six bedroom apartment near Trinity college netted €172,227 in the last year.
In Galway, one owner earned €157,244, while the highest amount earned in Waterford by a landlord was €41,500 for a five bedroom house in Ardmore.
Of Ireland’s cities, unsurprisingly Dublin is the most active market, followed by Galway and Cork.
Occupancy rates in Waterford are the lowest of the five cities surveyed at 24%. The average daily rate is €80, and the average monthly fees collected for a house are €547 – the lowest of the cities, falling to €259 for a private room.
The properties are concentrated in the city, Dungarvan, Tramore and Dunmore East.
Eight properties in the county earned more than €20,000 over the last year, according to the figures as published in the paper.
Airbnb and other short-term letting sites allow property owners to advertise a home online for holiday stays.
While they can be a lucrative source of income, there have been calls to regulate the sector given the extent of the housing crisis.