Edinburgh Rents Drop Amid Shift To Homeworking And Decline In Demand For Airbnbs

30th January 2021

Scottish Housing News.

The move to homeworking and a decline in demand for short-stay Airbnb lets, as well as worries about Covid rates in urban areas, are thought to have contributed to rents plummetting in Edinburgh.

The city centre of Edinburgh recorded the second-highest percentage decrease in the UK, after London, with average monthly rents dropping by £125 last year, while the number of properties is said to have risen by 109%.

According to the latest data, there are currently 929 flats available for rent in the city centre, compared to 445 for the same month last year.

Average monthly rents have gone from £1,249 in quarter four of 2019 to £1,124 for the same period last year, with an annual decrease of 10%. In Glasgow city centre, the average monthly rent is now £894, compared to £914 last year.

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