How much would Buckingham Palace cost on Airbnb?
Buckingham Palace could go on the rental market at £500,000 a night, according to a new study which reveals how much it would cost to rent each of the royal residences on Airbnb. It would cost as much to rent Buckingham Palace for a single night as it would to buy two average UK homes outright.
The 775-room opulent palace, spanning 77,000 square metres, is valued at £1.3 billion, and would fetch over £14 million a month and £175 million a year in rent. The architectural heart of the monarchy and The Queen’s central London residence, Buckingham Palace boasts an endless shower of sumptuous staterooms, ballrooms and bedrooms and features the famous balcony on which the Royal Family gather to greet crowds at major events, including Royal Weddings and Remembrance Day events.
The research, by online maths calculator gfc-lcm analysed the overall value of every property owned by the Royal Family to discover how much each royal home could fetch on the rental market.
The study used the real estate rental formula of taking 1.1% of a property’s overall value to calculate average nightly rent for the palatial properties, and found that – after Buckingham Palace – Highgrove House, Sandringham House and Windsor Castle would be the priciest Royal homes to rent.
