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NomadX is 50% more affordable than Airbnb for monthly rentals

Have you ever wondered why NomadX claims to be 50% more affordable than Airbnb? How can we be so sure of this conclusion? Read this article and find out how and why this is true.

As you may know, the main difference between NomadX and Airbnb is the purpose and length of the stay. Airbnb is made for vacations and short term rentals, while NomadX was born to be focused on mid to long term rentals. That means the price on Airbnb properties is by default a daily price, while Nomadx properties price is a monthly price.

Compare prices between Airbnb and NomadX would only be fair if we do it on a monthly basis, that’s why every comparison made will be for one month rental.

We compare Airbnb and NomadX prices every 3 months and to this comparison we start by making a list of properties that follow this conditions:

  • Both are listed on Airbnb and NomadX platforms;
  • Are in Lisbon or Oporto cities;
  • Have dates available for price comparisons for a certain period of time.

In our most recent study that took place in the beginning of July we found 319 properties in Lisbon and Oporto that are both listed on Airbnb and NomadX and were available on both platforms for the full month of October. You can find the distribution of property typology and city in the table below.

Then we collected the prices of each one of these properties for October in both Airbnb and NomadX platform, before and after fees. Below you can find the average price for each property type in Lisbon.

Airbnb average monthly prices of 227 properties in Oporto for October 2020
NomadX average monthly prices of 227 properties in Lisbon for October 2020

As you can see, it becomes clear that a monthly rent in Lisbon for every property type and dimension is more affordable in NomadX than Airbnb:

  • On average renting a private apartment in Lisbon for one month is 50% more affordable in NomadX platform than Airbnb (not considering the platform service fees, if we consider NomadX and Airbnb fees that price difference goes up to 52%);
  • Also on average renting a private bedroom in Lisbon for one month is 58% more affordable in NomadX platform than Airbnb (not considering the platform service fees, if we consider the fees that price difference is around 57%).

Below you can find the average price for each property type in Oporto.

Airbnb average monthly prices of 227 properties in Oporto for October 2020
NomadX average monthly prices of 92 properties in Oporto for October 2020

As you can see, it becomes clear that a monthly rent in Oporto for every property type and dimension is more affordable in NomadX than Airbnb:

  • On average renting a private apartment in Oporto for one month is 50% more affordable in NomadX platform than Airbnb (not considering the platform service fees, if we consider NomadX and Airbnb fees that price difference goes up to 51%);
  • Also on average renting a private bedroom in Lisbon for one month is 59% more affordable in NomadX platform than Airbnb (not considering the platform service fees, if we consider NomadX and Airbnb fees that price difference goes up to 62%).

If you are coming to Portugal and uncertain about why to choose NomadX over Airbnb for your monthly stay, we believe price points may make a difference for you.

ABOUT NOMADX

NOMADX is a real estate technology platform developed to meet the needs of the rapidly growing global community of location-independent remote workers, or “Digital Nomads”.

As Digital Nomads ourselves, we know what the market is looking for: trusted, affordable accommodations in highly-attractive locations worldwide at 50% less than AirBNB. We also offer educational masterclasses to help master the lifestyle as well as community events to help foster new friendships.

Please join our community of Digital Nomads and remote workers from around the world:

Instagram: nomadx.experience

Facebook: NOMADX

Facebook Group: Support Community for Remote Workers

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