Category: Short Term Lets
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Airbnb and Short-Term Rentals – A Global Challenge
As Bloomberg reports, it’s not just UK cities that are deciding how best to handle the growth of Airbnb rentals – 1. The Growing Trend: Since Airbnb’s launch 15 years ago, short-term home rentals have become increasingly popular globally. This has led to a complex situation, with cities struggling to regulate the industry. 2. Government…
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Growth of UK holiday accommodation sector
The sector has grown by 38% from £1.8 billion in 2013 to £2.54 billion in 2022, despite a 24% decline in 2021 due to the pandemic. Research from Stripe Property Group says is expected to grow by another 4% in 2023, but still below the pre-pandemic peak of £2.76 billion in 2020. Opportunity for property…
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Short-term rental rules rattle Scottish landlords and tourists
The Financial Times discusses the impact of new regulations on short-term rental properties in Scotland, such as Airbnb, and how they affect the landlords and the tourism industry. Main points: