If you have an investment property, or are thinking about acquiring one, chances are you’ve heard of the Airbnb revolution and the lucrative benefits of the short-term rental market. There are many factors influencing Airbnb success, but a significant one is location. If your property, or maybe it’s your spare room, is located in the centre of a popular tourist destination, such as Edinburgh, you’ve a great chance of succeeding, given that Scotland’s capital city is the second most visited city in the UK, behind London.
According to the City of Edinburgh Council’s 2017 Edinburgh by Numbers report, 4.01 million tourists visited Edinburgh in 2015; 2.47 million from the UK and 1.54 million from overseas.
With one of the world’s most iconic castles and a significant proportion of Scotland’s tourist attractions, Edinburgh’s popularity continues to go from strength to strength. And it’s not just during the Festival that the city sees an influx of visitors, it’s now all year around. Being relatively compact Edinburgh tourists can tick off ‘bucket list’ items in a relatively short space of time.
Edinburgh is, of course, also one of Europe’s leading business communities with impressive venues such as the Edinburgh International Conference Centre (EICC), Assembly Rooms, Usher Hall. It’s also a major UK financial hub with accessible transport links, all of which also makes it very appealing for short stay business visitors.
Why choose Airbnb Management with Elite?
With many city centre hotels and Bed and Breakfasts charging premium rates, and not always being able to accommodate family groups, (average occupancy rates were 83% in 2016) the global airbnb phenomenon has arrived in Edinburgh and Elite Property Management is a leading player in managing short-term lets.
With an impressive property portfolio, ranging from Georgian townhouses, six bedroom apartments to city centre flats, we’ve something to suit every guest's needs from special occasions of a few days, up to longer three months stays.
Whilst it’s an extremely competitive market with almost 10,000 property listings in Edinburgh alone, there are opportunities for investors to make significant rental incomes with guest demand currently exceeding supply.
As a top end property management service, Elite gets you started, and manage the entire letting process taking ownership of all of the stress and everyday issues that arise. Additionally, the dedicated team at Elite:
provides peace of mind in the knowledge that not only is your home well looked after, but your guests are also receiving a first class service from start to finish
ensures the safety and comfort of all guests, from families to individual business visitors
creates the right service ensuring that guest communication and attention to detail is fully professional from date of enquiry, through to check-in onto departure
manages the expectations and supports owners in terms of property maintenance and standards of cleanliness, whilst offering styling tips on how to always get the best out of your property
Speak to the Airbnb Management Experts
Find out more about Elite and how we can help you move into the property letting market.