Category: Short Term Lets
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Airbnb, the First 15 Years
In just 15 years, Airbnb has transformed the way people travel and how they find accommodation. What started as a simple idea to rent out air mattresses in a shared apartment has evolved into a global phenomenon, with millions of listings and billions of guests. However, the iconic company has also faced its fair share…
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Holiday Let Owners Fuming About Booking.com Glitch
Booking.com, a popular hotel and holiday letting website, recently faced a payment glitch, which has left numerous holiday property owners unpaid. Here’s a simple breakdown: In short, a technical update on Booking.com’s platform inadvertently caused significant payment delays, deeply affecting many holiday let owners who rely on this income. The company is now working to…
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Edinburgh Short Term Let Controversy Continues
The controversy over short term lets in Edinburgh rumbles on. The Scottish Bed and Breakfast Association (SBBA) has reported that nearly two-thirds of Scottish B&B owners are considering closing their businesses due to new restrictions on short-term lets. The SBBA is urging the Scottish government to postpone the implementation of the licensing scheme, arguing that…
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Former Love Island Star, Dr. Alex George, Earns £5K Daily from Property Business
Love Island star Dr Alex George has been making an impressive £5,000 per day since launching his property empire as a side business. The 32-year-old reality star, who gained fame in the ITV2 show in 2018, is now worth £2 million thanks to his successful venture. Alex established Newgale Property in late 2021, working in…
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Airbnbs Could Be Reduced by 80% in Edinburgh
A new licensing scheme for short-term rentals in Edinburgh could result in an 80% reduction in properties available on platforms such as Airbnb, according to a report prepared for the City of Edinburgh Council. The scheme, introduced by the Scottish Government, requires hosts to display energy performance ratings, have adequate insurance, and comply with various…
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Renting Out a Holiday Home? These are the Rules
If you’re getting started letting a holiday home, it’s important to know the rules in your area. In Property Reporter today, Ben Edgar-Spier, head of regulation and policy at Sykes Holiday Cottages has a handy round-up of what you need to know – “…the changes being introduced to the holiday letting sector vary across the…
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Airbnb Controversy in Snowdonia Village
There has been a hate campaign in a village in Snowdonia, aimed at the increasing number of Airbnb lets in the area. A village named Llanberis in Snowdonia has seen a significant rise in anti-Airbnb sentiments as the number of holiday lets nearly doubled. Some locals are showing their frustration by placing stickers with messages…
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“AirBNB Bust” – Will it Spread to the UK?
AirBNB owners are increasingly reporting problems with fewer people interested in hiring their properties – is the problem spreading to the UK? In simple terms, think of the Airbnb market like an ice cream shop. While the shop (Airbnb as a company) might be making plenty of sales, not every flavor (property) will be a…
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AirBNB or Long-Term Rental, Which is Best?
A new article in Property Reporter looks at the pros and cons of investing in AirBNB, short-term letting, versus long-term renting. The key points from the article include: Availability and Demand There are up to eight times as many family homes available on Airbnb than for long-term rentals, indicating a shift in the rental market.…
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The Threat To Short-Term Lets
LandlordZone website has published an in-depth analysis on what it believes could be threats to the UK’s short-term let market. The Shift in the UK Rental Market What’s Happening? The UK rental market has seen a significant move away from long-term renting to short-term or holiday lets like Airbnb. This might affect up to 20%…