Spring 2020 Briefing – Why changes in the Rental Sector mean Decision Time for Landlords | Lettings
As we move into Spring 2020, analysis by Rettie & Co.'s Research Team has highlighted the significant impacts of the Covid-19 pandemic on the rental market.
- The number of Airbnb listings in Edinburgh dropped -26% compared to Q1 2019.
- Around 68% of Airbnb listings in Edinburgh are for entire properties, meaning that potentially over 2,000 entire properties may have exited the Short Term Letting Sector (STL) in Q1 2020.
- New listings for long term rentals on Citylets saw a significant spike in supply, with twice as many new listings in Mid March when compared to the same week a year earlier.
- Rettie & Co. is offering free consultations and advice to landlords who have short term rental properties affected by the Covid-19 outbreak. There is also a Tenant Introduction Only service available for Landlords who self manage their own properties.
Confused by all the mixed messages in the market and media? We have access to the latest information and advice and can help you untangle the complexities of this changing market.
For landlords who self manage their properties, or are exiting the Short Term Let sector, we can assist on a Tenant Introduction Only basis.
Contact us via email@example.com and one of our dedicated lettings team will be on standby to help.