Last updated on January 31st, 2024
Secure a nice cash-on-cash return by targeting the best buy to let areas in Scotland. Discover the top Airbnb cities in this article!
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Secure a nice cash-on-cash return by targeting the best buy to let areas in Scotland. Discover the top Airbnb cities in this article!
- Last updated January 31, 2024
Key Takeaways
- Property investors in Scotland can take advantage of the lucrative opportunities available to them by investing in buy-to-let properties, which can provide a reliable return on their investment.
- Making use of Airbtics analytics tool, we could find the most profitable areas in Scotland for rental properties. This is supplemented by recommended property sizes, estimated annual revenue, gross rental yields and other dataset.
Exploring Lucrative Rental Markets in Scotland!
Surrounded by the Atlantic Ocean, the North Sea, and the Irish Sea, lies the second largest country of the UK, Scotland. This country is widely known for its breathtaking landscapes and sparkling cities as well for being a land of legends and unique traditions.
The beauty of Scotland is undeniable, so it’s understandable why is considered one of the most beautiful destinations in the world. With stunning landscapes, rich history, fascinating culture & traditions, this country has everything to enchant everyone.
On top of that, Scotland also offers some profitable real estate markets capable of catching property investors’ attention. In fact, major cities of Scotland such as Glasgow, Edinburgh and Aberdeen are among the top cities in the UK for Airbnb properties!
Before embarking on this investment journey, it is important to define your goals and conduct an in-depth analysis of the market to ensure the success of your Airbnb business.
In this article, you will discover the best buy to let areas in Scotland. As a bonus, we will also mention some of the top reasons why you should consider investing in property in cities of Scotland. Keep reading and find out more about this market!
Why should you consider investing in Scotland’s rental market?
Scotland is a destination that is attracting more and more investors since they can gain the best rental yields while investing a reasonable amount in properties. But before stepping into any rental market in Scotland, it’s important to analyze the country’s real estate situation and what kind of benefits it offers to investors.
Check out some of the reasons why doing real estate investments in Scotland is a great business idea:
Stable real estate market with solid returns
If you’re looking to buy an investment property in Scotland, you’re in luck! Since house prices are skyrocketing globally, Scotland has been maintaining an affordable real estate market and there’s no shortage of housing available! Moreover, the country owns a booming economy and well–developed infrastructure.
Thanks to its amazing living conditions, educational opportunities and plenty of job opportunities, people are drawn to the city to live, work, or study. Thus, investors can expect a solid demand for housing and rentals. On top of that, obtaining high rental yields is possible as the real estate market offers a variety of property types at low values. Currently, the average house price in Scotland is £189K.
One of the best-performing economies in the UK
Scotland owns one of the most developed and industrialized economies in Europe. The country is home to well-developed cities that offer strong job markets in a variety of sectors. The key industries in Scotland are tourism, finance and business services, oil and gas, the food industry, culture and creativity.
Yet, the Scottish economy continues to grow, benefiting from emerging sectors such as those related to renewable energy, technology, life sciences and research.
Great quality of life
The Scottish cities and towns offer wonderful living conditions, low crime rates and feature a wide range of services, such as high-quality medical care, excellent education opportunities and a modern infrastructure. Many prestigious universities and educational institutions are located in Scotland’s cities, making it an attractive destination for both domestic and international students seeking the best opportunities.
On the other hand, the cost of living highly depends on the area, but generally speaking, it’s not as high compared to England.
Lots of tourist attractions!
Scotland is truly a country of endless opportunities and experiences as it owns a rich history and owns an impressive catalog of traditions and legends! Whether you’re looking for a spot to explore on your own or one to share new experiences with your family or companions, there will always be a place that fits your needs.
Scotland is well-known for its dazzling scenery, which includes mountains, lakes or also referred to as “lochs”, rivers and hills. Some of its most representative sites are the well-known Loch Ness, the Glencoe Valley and the Isle of Skye. Of course, we can’t forget to mention some of its fascinating historic castles, like Edinburgh Castle, Inverness Castle and Stirling Castle.
Additionally, we should mention that Scotland welcomes a high influx of visitors yearly. As a matter of fact, the country received over 3.2M tourists just in 2022 as confirmed by the VisitScotland portal!
Is Airbnb profitable in Scotland?
There are several factors that should be considered when trying to determine the profitability of a specific area such as the annual revenue, occupancy rates and more. But don’t worry too much because Airbtics assures you that investing in Scotland can bring investors like you fulfilling investment experiences!
Let’s dive deeper into one of Scotland’s most popular cities: Edinburgh – According to Airbtics income calculator, Airbnb hosts can earn a potential revenue of £48,572 with a median occupancy rate of 93% for operating a 1-bedroom property in Scotland’s capital city.
On the other hand, if you’re aiming to host Airbnb guests, you should also take into consideration other factors such as the best type of property and how to write off the necessary expenses.
Source: Airbtics Dashboard
Top 10 rental markets to invest in buy-to-let property in Scotland
Scotland is home to many beautiful as well as profitable cities & towns, however, we must consider that the profitability of each area will differ. So, here arises the big question: where should you invest in a rental property in Scotland? – We got you!
Go ahead and check out the best areas for property investments in Scotland and are recommended for Airbnb business:
Best Area | Airbnb Listings | Best Number of Bedrooms | Median Property Price | Airbnb Annual Revenue | GRY |
---|---|---|---|---|---|
Edinburgh | 8,781 | 2 bedrooms | £280,000 (2 BR) | £53,840 | 19.23% |
Portree | 237 | 2 bedrooms | £145,000 (2 BR) | £52,859 | 36.45% |
St. Andrews | 744 | 3 bedrooms | £492,000 (3 BR) | £50,633 | 10.29% |
Inverness | 976 | 2 bedrooms | £150,000 (2 BR) | £39,520 | 26.35% |
Glasgow | 3,391 | 2 bedrooms | £185,000 (2 BR) | £38,621 | 20.88% |
Fort Augustus | 419 | 3 bedrooms | £280,000 (3 BR) | £37,280 | 13.31% |
Dundee | 394 | 2 bedrooms | £125,000 (2 BR) | £28,726 | 23% |
Falkirk | 170 | 2 bedrooms | £127,498 (2 BR) | £27,937 | 21.91% |
Stirling | 152 | 1 bedroom | £128,748 (1 BR) | £26,008 | 20.20% |
Aberdeen | 838 | 2 bedrooms | £130,000 (2 BR) | £23,982 | 18.45% |
Best Area
Airbnb Dataset
- Total Number of Airbnb Listings: 8,781
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £280,000
- Airbnb Annual revenue: £53,840
- Gross rental yield: 19.23%
- Total Number of Airbnb Listings: 237
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £145,000
- Airbnb Annual revenue: £52,859
- Gross rental yield: 36.45%
- Total Number of Airbnb Listings: 744
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): £492,000
- Airbnb Annual revenue: £50,633
- Gross rental yield: 10.29%
- Total Number of Airbnb Listings: 976
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £150,000
- Airbnb Annual revenue: £39,520
- Gross rental yield: 26.35%
- Total Number of Airbnb Listings: 3,391
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £185,000
- Airbnb Annual revenue: £38,621
- Gross rental yield: 20.88%
- Total Number of Airbnb Listings: 419
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): £280,000
- Airbnb Annual revenue: £37,280
- Gross rental yield: 13.31%
- Total Number of Airbnb Listings: 394
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £125,000
- Airbnb Annual revenue: £28,726
- Gross rental yield: 23%
- Total Number of Airbnb Listings: 170
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £127,498
- Airbnb Annual revenue: £27,937
- Gross rental yield: 21.91%
- Total Number of Airbnb Listings: 152
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £128,748
- Airbnb Annual revenue: £26,008
- Gross rental yield: 20.20%
- Total Number of Airbnb Listings: 838
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £130,000
- Airbnb Annual revenue: £23,982
- Gross rental yield: 18.45%
Source: Airbtics Dashboard
How to Find the Most Profitable Airbnb Locations?
It might take a lot of time to identify viable rental markets, and we understand how valuable the investor’s time is. For this reason, it’s a great idea to make use of the advanced resources available to property investors to hasten this process.
On top of that, you should also consider visiting real estate forums or doing a throughout research in search engines to find out which locations are drawing the investors’ attention in specific countries. This will also help you to sort your list and have a clear idea of which cities to focus on. Plus, we encourage investors like you to make use of analytics tools to find profitable markets to invest in Airbnb, particularly those that can provide dynamic data.
Imagine exploring a city while getting useful info that can make things easier for you, it sounds like a dream come true, right? It’s possible with Airbtics Dashboard since you can get a reliable dataset that will show you metrics like the average revenue, occupancy rates, nightly rates, and seasonality, among others.
But don’t take just our word for it, go ahead and take a look at Simon, an Airbtics customer, who was led to a new Airbnb market that generated more profitability than his previous one!
But, it can happen that your target area is not appearing in the search results, but don’t worry! You can easily create your own custom market.
Now, that you have a better view of your target market, go ahead and play around with the filters and find the results that fit your needs. You can use filters to find out what type of property offers the most attractive profit in your preferred area.
The best part of using dynamic data is that by moving and zooming in and out of your map, the data will also change accordingly!
This process can now be repeated until you decide what type of property would be a good investment in your target city or neighborhood. Compare data between different property types and you find out the option that suits you the best!
Secure a profitable Airbnb investment with Airbtics
In general, we can conclude that Scotland is home to a variety of beautiful and profitable cities that can secure solid returns for property investors with its accessible real estate market. Thus, if real estate investors list their properties on Airbnb, it could result in a lucrative financial experience.
However, if you’re still uncertain about purchasing a property in Scotland, you can also analyze other prime rental markets in the UK! This way you will know that you aren’t missing out on better opportunities.
Finding out the best buy-to-let areas in Scotland is a great way to start your investment journey. But, you should continue your research! Set better strategies and secure your cash-on-cash return by using reliable tools such as Airbtics’ Airbnb income estimator.
Deeper STR Insights. Broader Investment Opportunities.
Want to go deeper, broader, and faster? Supercharge your Airbnb Investment by accessing the most in-depth Airbnb & real estate insights with our exclusive STR report.
- Vital vacation rental data from 40 Markets – Airbnb Occupancy Rate, ADR, Revenue, and Listings! Access 2-year data from June 2021 to June 2023.
- Uncover 5-year real estate investability metrics for 40 markets including population, property prices, income levels, Google travel interest, crime, and unemployment trends 2017 - 2021)!
- All yours in 3 business days!
Short-Term Rental Data
Short-Term Rental Data
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