Category: Short Term Lets
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Trendiest Airbnb Locations in UK this Winter
While summer getaways often promise sun-soaked beaches and exotic locales, there’s an undeniable charm to winter holidays in the UK. The feeling of fresh, crunchy frost beneath your feet, the invigorating chill in the air, and the warming embrace of festive atmospheres in towns and cities around the country make it a delightful season to…
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Airbnb’s AI Should Prevent Halloween Parties
Imagine the horror of discovering your rental property was the venue for an unsanctioned party, resulting in damage and potential reputation issues. This isn’t merely hypothetical. With COVID-19 restricting access to bars and nightclubs, some young adults turned to rented spaces as alternatives. This caused a surge in reported incidents of house parties in Airbnb-listed…
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Airbnb Teams Up With Klarna to Offer Payment Options
Airbnb has launched “Pay Over Time,” an option that collaborates with Klarna, allowing guests to distribute the cost of their accommodation over a period, rather than paying in one lump sum. This feature, part of a gradual worldwide introduction, is being introduced in twenty countries across three continents, including Ireland, by the start of 2024.…
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Scotland – Potential Rise in Council Tax for Second Homes
Starting from April 2024, councils in Scotland might have the authority to double the council tax for families owning a second home in rural areas. This move aims to target second homeowners, especially in the Highlands and Islands, where young families often face challenges securing homes due to high property demands. Investing in Affordable Housing…
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Are Falling Prices Tempting You to Buy a Second Home?
As house prices experience a notable decline, many Britons might be considering the investment opportunity that buying a second home presents. However, this decision isn’t one to take lightly; understanding the financial implications, including taxes and potential benefits, is crucial. Investors’ Chronicle has a guide. Current Housing Market: An Opportune Time for Buyers? Since March…
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Short-Let Platforms Will Pass Property Owners’ Tax Info to HMRC
Significant changes are on the horizon concerning how income from holiday home investments is reported to HM Revenue and Customs (HMRC). These changes, expected to come into effect from January 2024, form part of a broader initiative to ensure tax compliance across various income streams, many of which have been popularised by the digital age.…
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Cambridge Facing “The Airbnb Effect”
Cambridge is the latest city where calls are being made to regulate the growth of Airbnb. The rise of properties being converted into Airbnb accommodations and other short-term rentals is causing significant strain on the local housing market. This trend is not only altering the fabric of residential communities but is also pushing many individuals,…
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Boosting your Property Bookings During Quiet Periods: A Guide for Holiday Let Owners
Investing in holiday-let properties can be a lucrative venture, particularly if you know how to maximise bookings throughout the year. Perhaps the greatest challenge faced by holiday let property owners is sustaining bookings during off-peak or low season. PropertyReporter published a guide that aims to help potential property investors and holiday let owners learn how…
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Airbnb’s Pivot From Short-Term Rentals
Airbnb, renowned for its travel accommodation offerings, is on the cusp of revolutionising its business model, delving further into extended rentals and enhancing user experiences. But what does this transition entail for ordinary people eyeing the property market and the broader tourism sector? The FT reported. Extended Rentals: The New Frontier Airbnb CEO, Brian Chesky,…
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Florence Curbs Airbnb Surge
Florence, a jewel in Italy’s crown, celebrated for its Renaissance art and architecture, has become the latest city to address an issue that’s more present-day: the boom of short-term rental platforms, like Airbnb. As a move to prioritize local residents over tourists in its iconic historic centre, the city has put a halt on new…