Greedy Edinburgh landlords are charging tens of thousands of pounds for short-term stays in the capital during the upcoming Fringe festival
. Analysis of accommodation on short-term letting sites such as Airbnb and Vrbo reveals a gulf in pricing for stays in the near future and stays for the length of the Fringe, which runs from August 4-28, 2023.
Author David Fenne tweeted an image of a booking for a two-bed apartment in Edinburgh that sought to charge £140,702 for 28 nights – over £5,000 an evening – for a two-bed "holiday apartment". Muggleton quipped: "Hey @edfringe do you guys know a good UK-based mortgage broker? Thinking of doing the festival this year."
He wrote: "For those going to the Edinburgh Festival this year. Good luck. Be sure to take all your life savings for the accommodation. #dear." Edinburgh City Council became the first Short-term Let Control Area in Scotland last September amid a decline in readily available long-term housing. The scheme requires all short-term landlords to seek planning permission to operate Airbnb-style accommodation.
Councillor Jane Meagher, Edinburgh City Council’s housing convener, said in December that the capital faced "housing pressures like nowhere else in Scotland", saying of holiday lets: "Now, more than ever, Edinburgh needs these properties back as homes – and we want to work positively with those landlords who are ending short term letting but who are considering longer term lease arrangements.
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