Last year, more than 450,000 visitors from around the world descended on Edinburgh in August for the Festival Fringe. Showcasing over 3,000 shows across 300 venues, 2017 was a record-breaking year for the now legendary festival. And this year it’s set to be even bigger!
So if you’re going away during the Festival, August is one of the best times of the year to rent out your property. Short-term lets offer a great solution for people visiting the Fringe for the month. Rather than having to stay in a hotel room, they can feel at home during their stay and really immerse themselves in the city. Accommodation is in high demand during the Festival so homes in prime locations can make a lot of money.
Don’t believe us? Take it from Victoria Tweedie, a 43 year old homeowner in the Scottish capital who made over £7,000 during last year’s Fringe Festival.
She let out her New Town home for the whole month and made over £7,000 in August 2017 alone. With the average Edinburgh home costing around £1,700 per month to run, that’s enough to live half the year effectively mortgage-free!
Victoria says: “When I first signed up to Houst, they took care of everything for me. They now manage all of my bookings, plus the cleaning and changeovers, which makes the whole process much smoother, especially during the Festival when things get really busy. They make me feel reassured about letting my home to strangers.”
Victoria had such a great experience using Houst during last year’s Fringe, she plans to do the same this summer. In addition to this, Victoria also lets out her property for shorter visits whenever she’s on holiday or away for the weekend. Find her on instagram @edinburghholidaypad and see how her home became the beautiful space it is today.
If you have a property in central Edinburgh and fancy making a few thousand pounds during the Fringe, now is the time to start preparing. Get in touch with us and we can get your home listed, organised and ready for guests in under seven days. We’ll make sure the listing is search optimised so the bookings for August will come rolling in no time.
Takes just 30 seconds.
Stay ahead of the game in the short-term rental industry with our tips for staying up-to-date on the latest trends and developments in short let management. From increased demand for flexible rentals to the growing popularity of vacation home rentals, find out what to expect in 2023.
Discover the top travel trends for 2023, from sustainable tourism and staycations to road trips and workcations. Learn how the pandemic is shaping the travel industry and what to expect in the coming year.