A leading property lawyer has described a campaigning MP’s latest attempt to usher in harsher regulation of short-lets in holiday hotspots as ‘intensely impractical’.
Short let and holiday lets landlords in Edinburgh could soon have to charge guests a visitor levy under the first scheme of its kind in the UK.
Most landlords don’t use the agent they bought the property from to rent it out – and are increasingly likely not to market it as a long-term tenancy.
An Isle of Man village has become the latest authority to clamp down on the growth in short-term lets.
The Royal Family could be raking in £118,775 each month from their holiday let portfolio, adding up to a lucrative annual rental income of more than £1.4 million.
A Conservative MSP has slammed Scotland’s short lets licensing scheme for its negative impact on thousands of businesses.
Holiday let owners are facing a significant dip in bookings this year as the sector feels the effects of the cost-of-living crisis, poor weather and an increasingly saturated market.
Short-let property owners in Cornwall, Edinburgh and Westminster had the most bookings in the UK last summer.
Leading letting agent Marc von Grundherr (pictured) has labelled the government’s crackdown on short lets “ironic”, given its hard line on buy-to-let landlords.
