Edinburgh sees more new rental listings than London as Airbnb exodus continues
Edinburgh saw a larger increase in the number of new rental listings than in London compared to the same period last year, as landlords turn to the long-term rental market and abandon vacation rentals .
Comparing last week with the same time last year, the real estate website told the Evening News that there had been a 62% increase in new rental listings.
That’s higher than other tourist hotspots and Airbnb, including Brighton, York and Chester, and higher than central London which saw a 45% increase.
The statistics come as Lothian MSP Andy Wightman, who campaigned for tighter regulation of the short-term and vacation rental market, warned that landlords should not be allowed to break tenant laws regarding evictions once the COVID-19 crisis is over.
However, the 62% rise in Edinburgh, behind only Bath which saw a 78% rise, confirmed the experience of popular campaign groups who saw an increase in vacation rentals return to the long-term rental market. run, as reported in the Evening News on Wednesday.
Rightmove Housing Market Analyst Miles Shipside said: “There has been a noticeable increase in new rental listings on Rightmove in some of the more popular tourist areas like Bath, Edinburgh, Brighton and the inner city areas. from London last week, probably as landlords who normally rent out their properties as vacation homes were looking to find an alternative income route by offering them to long-term tenants instead.
“Let the agents who started their businesses to work from home find ways to conduct virtual tours rather than in person and will work hard to find tenants for these owners to allow them to move in once we return.” at better times.
The large increase in the number was greeted with caution by Mr Wightman, who added that it was crucial that funding for bona fide companies to help them cope with the coronavirus outbreak did not go to waste. short-term rentals operating illegally.
He said: “I am happy to see so many short term rentals available as residential rentals.
“Based on our analyzes, the overwhelming majority of these properties were operating illegally and it is important that funding made available to businesses as a result of covid-19 is not allocated to such operations.
“It is also important that any residential rentals created are not simply terminated when this pandemic is over and that the grounds for eviction under the Private Housing (Rental) (Scotland) Act 2016 are not abused. “