Home of the famous Fringe Festival, Hogmanay and many tourist attractions, Edinburgh is a beautiful city with a lot to offer. As one of the most popular tourist destinations in the UK, an ideal place to invest in an Airbnb property – there is a lot of potential for short-term lets. But, with so many areas to choose from, it can be difficult to work out where to buy. So, to help you decide where to focus your attention, we have explored some of your options.
At the heart of the city and filled with character is the Old Town. Complete with much of its original Medieval character, the Old Town extends from Holyrood at the bottom, up the Royal Mile, to Edinburgh Castle at the top. Its central location means property is always in demand; invest here, and you won’t have trouble filling your rooms. It’s picturesque, filled with history and comes to life in August as performers and tourists fill the Royal Mile and its surrounding streets.
Like the old town, you can’t go wrong investing here as demand is always high. It’s central, close to many of Edinburgh’s tourist hot spots and there are many pubs, bars and restaurants to choose from. Getting around is easy as there are numerous public transport links, including Waverly station, the trams and ample bus stops. The predominance of Georgian architecture means properties are both practical and enjoyable to look at; there’s a good mix of townhouses, flats and mews houses.
It’s always nice to be near the water, and Leith allows for just that. With two Michelin starred restaurants and ample trendy bars, pubs and eateries, Leith is up and coming and popular with young professionals. Properties will likely be cheaper here than in the New or Old Town, so it could be an ideal investment option, particularly since it isn’t far from the city; exploring is easy. The waterfront is home to the old port and Royal Yacht Britannia, but when it comes to escaping the hustle and bustle, there is also Leith Links and the Water of Leith, which is worth a walk or cycle.
South of the city centre and popular with students are Bruntsfield and Morningside. While still close to the main city attractions both areas have a more villagey feel and are home to an eclectic mix of independent and boutique shops. And, with the Meadows and Bruntsfield Links nearby, there are plenty of opportunities to relax outside. When it comes to evening entertainment, both Bruntsfield and Morningside have their fair share of restaurants, bars and pubs but without the crowds of city centre locations such as Grassmarket. They are affluent areas that are full of character and grand architecture.
Situated to the North of the city centre, Stockbridge is one of the most in-demand suburbs and one that is worth investigating. A beautiful part of town with cobbled streets and a selection of upmarket shops, cafes and bars, it has plenty to offer your guests should you opt to invest here. It is only a 15-minute walk to the city centre and the beautiful Dean Village, so while it is out the way, it is still convenient for tourists wanting to see the sights. For walking, you have the choice of the Water of Leith, Inverleith Park or the Botanical Gardens and there is a popular farmers market on a Sunday that will be sure to wet the appetites of your guests.
Airbnb Property Management in Edinburgh
If you do decide that the fantastic opportunities to invest in property in Edinburgh for short-term letting are to good to resist, we can provide completely tailored Airbnb property management. The service we provide will meet your every need, making the entire property letting experience a breeze.