The rise of Airbnb, has turned the tourist industry upside down and rapidly changed the way many of us plan our holidays. The site allows homeowners to rent out their homes and gives travellers easy and affordable access to rooms, apartments and even houses they can quickly book online.
Airbnb is now giving even the best 5* hotels a run for their money. This means buying an apartment in a thriving city like Edinburgh has never been such a smart move. After all, who wouldn’t want to cover the cost of their own holiday by making money from their home while away?
Airbnb has rentals available in over 190 countries and 34,000 cities, making it possible to quickly and easily book a place to stay. In the same way that Uber has revolutionized the taxi industry and Tinder has taken online dating by storm, so Airbnb has challenged holiday-making as we know it.
The process of opening up your home to guests may be daunting to begin with, but thousands of people across the UK now successfully monetise unoccupied spaces through the digital platform. All homeowners are required to do is create an online account describe the room, house or apartment they wish to rent out, upload a selection of complementary photos and make their listing live to the Airbnb community.
Providing the host is happy with their guests profile and the duration of their stay, a booking and payment can be made immediately. Airbnb then handles the transaction and payment making the process smooth and hassle-free.
The host is also covered by Host Protection Insurance and a £600,000 Host Guarantee, which protects belongings from accidental damage. The site is also made safe and secure as both hosts and guests get the opportunity to rate each other and write reviews, creating an honest and transparent user experience.
Airbnb is perfect for those who travel a lot and regularly leave their city apartment empty for long periods of time. The website enables homeowners to make the most out of their property whilst they travel and it is a great way to earn extra cash.
While Airbnb can be used to promote almost any form of accommodation, it is apparent that homeowners in the city have benefitted more than any other – owed in no small part to the success of Airbnb. In fact, ABTA research carried out in 2013 suggests that city breaks now rival beach holidays in terms of popularity – with 41% of holiday makers now choosing to stay in metropolitan areas.
Edinburgh is an incredibly popular city with a thriving tourist industry, welcoming 13 million people each year to its festivals, parks, heritage attractions and much more. It is hardly surprising then that thousands of homes in the Scottish capital are now listed on Airbnb. Indeed, at the end of 2015, there were estimated to be 5,000 properties live on the platform – five times that of listings in Glasgow.
For those looking to buy a luxury new apartment in Edinburgh, Quartermile represents not only the perfect home but also a home from home for tourists. As the most desirable new district in Edinburgh, Quartermile offers easy access to the city’s leading tourist attractions, bars, restaurants and other amenities, making it a great base for tourists of all ages and interests.
If you are interested in purchasing a new build apartment that is both a home and an investment opportunity, why not take make an enquiry today.