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CORONAVIRUS UPDATE

TODAY'S OTHER NEWS

Landlords in Edinburgh abandon short-term letting due to impending restrictions

An increasing number of Airbnb owners in Edinburgh are moving away from short-term letting in favour of traditional long-term tenancies as the overcrowded sector prepares for a fresh regulatory clampdown.

According to a report in The Times, the increase in popularity of Airbnb in cities such as Edinburgh has been blamed for fuelling property price growth, with many landlords taking advantage of the rather lucrative short-term let market. 

But it would appear that some landlords with properties in some of Edinburgh’s most sought-after and tourist-friendly locations are now ditching short-term letting and looking for permanent tenants, owed in part to the fact that the Scottish government is openly considering the idea of introducing new regulation to clamp down on the sector in the city. 

John Boyle, director of research and strategy at Rettie and Co, which manages both long-term and short-term lets for landlords, reports that fewer landlords are now opting for Airbnb. 

He commented: “Short-term letting is probably not going to be as profitable and the government is looking at creating a level playing field - although that in itself is not an easy thing to do. 

“It’s a fine balance. If you get the regulation wrong you damage the sector and that has implications for your tourism industry, and places like Edinburgh certainly enjoy positive effects from that. 

“So it’s about regulating the sector so we don’t shut it down altogether but also don’t see a massive outflow from private residential tenancies, as cities like Edinburgh and Glasgow don’t have enough housing to pick up the slack.”

  • Paul Barrett

    Just convert them to FHL.
    But I suppose the idiot Scots will try to stop them.
    Of course all this has been caused by the idiot SNP introducing rent controls and the stupid PRT.
    Economically illiterate is this dopey SNP Govt.
    Can we have a referendum in the UK to get rid of Scotland.
    The English could without forever bailing them out of their bonkers policies.

    Daniela Provvedi

    Oh Paul... I normally like reading your comments.
    But your dislike for Scottish people is no interest to us and should not be expressed on this forum.
    Instead, your anger should be directed at this English government who's doing nothing other than making LLs lives a misery.

     
  • icon

    Great blog!! The blog is very informative, gave details about why people nowadays ditching short term tenancy and preferring long term tenancies. Keep posting such relevant stuff and updates whats trending in the scotland.

  • Paul Barrett

    @ dannielaprovvedi

    Oh dear how wrong you are!
    It is the idiot SNP Govt that is causing the problems.
    They are forcing LL to give up letting in Scotland
    The lunatic PRT and other ridiculous PRS regulation is damaging for tenants.
    There is no way I would ever countenance being a Scottish LL so ridiculous are the SNP inspired regulations.
    They are not far behind what the even more ridiculous potential Labour Govt was proposing.
    Thank God we got Boris.
    Though even that is a nightmare just less of a nightmare than the SNP and Labour.
    Stop obsessing about independence
    You will now do as you are told by the UK Govt.
    Doesn't matter how many seats the SNP has you will not be getting another indy referendum.
    For a start you couldn't afford it as Scotland would need to finance its share of the National Debt which is currently about £7.5 trillion.
    Included in that debt is the bail out costs for the bankrupt RBS.
    Scotland should forget independence but should continue with more devolution short of actual independence.
    But the Socialist SNP is trying to destroy the small Scottish LL.
    Socialism simply doesn't work
    The only use the SNP are is to prevent a Labour Govt so thanks fir that.
    It has been Scottish Labour seats that have caused Labour UK Govts.
    So us English who aren't idiot socialists
    will ensure Scotland never achieves independence so the UK won't have a Labour Govt again.
    The idiot SNP are simply making it unviable to be a Scottish LL ably assisted by the the stupid English S24.
    It is just an unmitigated disaster for any LL.
    I don't believe the UK and Scottish Govts will be content until every private LL except the big corporates have been eradicated.

    Scotland is just further ahead in eradicating LL introducing even more bonkers policies.


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