Edinburgh is one of the most popular cities in the UK, and over the years it has earned and cemented its position as a tourist and cultural destination for people of all ages. Edinburgh is a city with something for everybody, from students to music-lovers, architecture fans, film buffs, and theatre fans. Due to the high number of visitors that this city gets, Edinburgh properties deliver consistently good results for short-term rental landlords and property manager. According to stats from Airbnb in November 2022, the average daily rate per room in Edinburgh varies from £119 to £202 per season, with hosts bringing in an average monthly revenue of just over £2,500.
However, if you are currently managing an Airbnb in Edinburgh or are planning to do so in the future, it’s important to be aware of the important legislation changes for short-term rentals in Edinburgh that were brought about in 2022. On 19 January 2022, the Short-Term Lets legislation was approved by the Scottish Parliament, and Edinburgh Council implemented the Short-Term Lets Licensing Scheme at the beginning of October.