Edinburgh, Scotland (PRWEB) February 3, 2009
Almost every agency/owner of self catering apartments in Edinburgh is seeing big increases in bookings and profits this year. One agency reported over double the value of bookings from last January, even before the end of the month. Self catering website Let In Edinburgh sheds some light on why.
Recently, there has been an explosion of interest in self catering and serviced accommodation. Whilst holiday cottages and villas have been a popular choice for a number of years, the city-centre apartment has only just become a viable alternative to a hotel. Cities like Edinburgh lead the way.
The increased demand has pushed more property owners over to self catering. Many of which have moved from short assured/residential (6 or 12 month) lets. It's completely possible to see a £700/month residential let achieving well over £1000/month income as a holiday let.
Demand continues to increase rapidly with more Brits looking to holiday in the UK this year. The weak pound also brings international tourism to Edinburgh's streets. Add to this the (still growing) short/weekend city breaks market and the demand for Edinburgh festival lets, and Edinburgh starts to look like a fantastic place to invest. But who's investing?
At the moment, very few people can afford to invest in Edinburgh due to the tight restrictions on lending and the negativity in the property market. When things pick up, the market will become extremely competitive. Providing some fantastic opportunities and some great weekend trips.
For more information about featuring your property or booking accommodation visit the Let In Edinburgh website; specialising in self catering Edinburgh apartments.
About Let In Edinburgh:
Established around 2 years ago to provide a high quality way for people to search for, find and instantly book apartments online. Part of the expanding Rental Reserve network, Let In Edinburgh is the first marketing website in the company's portfolio.
Gareth Thomas, Managing Director