3 Facts About The Latest Airbnb Regulations in Edinburgh

I’m sure that you’ve seen what’s all over the news in Edinburgh about the declaration of an area of control for Airbnb hosts. The City of Edinburgh will impose certain requirements that are set for final approval by the Scottish Government. But the question remains unanswered for the dedicated super hosts who are primarily involved in this situation: what to do next?

You’ll be surprised that amidst the new rules & regulations for Airbnb and short-term rentals in Edinburgh, there really is a silver lining to this.

Here are 3 facts that you need to know about the latest control area:

1. The ‘control area’ refers to a mandate whereby property owners must acquire planning permission to run a short-term let. According to Edinburghlive, the coverage of this mandate will revolve around the entire city of Edinburgh and will not focus on a particular city center. 

2. On the other hand, for hosts who have continuously used their residence in the past as a short-term let (for more than 10 years) prior to implementation of the designated control area without any enforcement action taken – applying for planning permission is NO LONGER required!

3. According to Aberdein Considine, a well-known law firm in Scotland, existing Airbnb hosts are still required to apply for a license for their respective properties in order for them to operate as a short-term let until April 1, 2023.

Setting Realistic Expectations For Your Business

As business-minded professionals working in the digital era, one of the many advantages that we have to savor is having instant and reliable access to basically everything that we need. 

If you want to focus on setting a target market for your new business, and identify a particular country or city to branch out to, it’s definitely important to recognize this information in order to assemble realistic expectations.

The good news is that Airbtics is designed to do more than that. You can keep track of your annual profit, base it on a list of available properties, and have knowledge of the necessary fees and occupancy rates.

Since planning permission will soon be declared mandatory by the Scottish Government, you no longer need to worry about presenting insufficient data, an unorganized planning structure, or having your planning permission rejected. With the help of Airbtics, the data that you need will be served right at your fingertips.

Here’s a glimpse of the market overview which portrays 6,585 listings under the insights section when you try to target Edinburgh. All you have to do is simply input the city of your choice or zoom in and out to get more specific results, et voila! You will be able to easily identify the number of listings & historical market trends that will automatically adjust according to your chosen area. 

But wait, there’s more! There are also a handful of other exciting and informative features that Airbtics offers to professionals like you. This includes profit simulation and extra prices which will truly help in setting clear expectations for your business.

For instance, as seen in this photo, you can have a glimpse of your annual revenue and expenses.

According to the data presented, you can already expect annual revenue of $37,632 in the Edinburgh area alone.

Without a doubt, once you have a comprehensible vision of the necessary data that you need in the Airbnb business, success is just waiting for you right around the corner.

Overall Conclusion

The latest regulations imposed by the City of Edinburgh Council are set for approval and will soon be implemented citywide. This will require hosts to secure planning permission, except for those who have been actively using their home as a short-term let for 10 years prior to this implementation.

Since the rapid growth of the Airbnb industry in Edinburgh is consistent & evident, Airbnb hosts should consider taking advantage of our digital platform in order for them to successfully plan and achieve their goals & expectations based on real-time analytics for their Airbnb businesses. But if you’re still uncertain about investment in Edinburgh, you can also go ahead and explore other buy-to-let areas in the UK!