by Pass The Keys | Airbnb Services | 28 Nov 2017

Homeowners, in London and Edinburgh don’t wait for your long-term tenant!

Maximise your earnings by renting out your properties on short-let!

Time on market is a measure that looks at how long a property has been advertised on a portal until it is sold. In our case, we use the Home.co.uk portal and have noticed that for properties in Edinburgh and London, the £1000- £2000 segment stays on the market for approximately 150 days (approximately five months). That is an incredibly long time, and homeowners are likely to see their properties vacant for a significant amount of that time once tenants have moved out.

Properties for Rent in Edinburgh by Price
No. of propertiesAverage ToM
Rent under £250 pcm0-
£250 to £500 pcm rent838 days
£500 to £1,000 pcm rent631141 days
£1,000 to £2,000 pcm rent397158 days
£2,000 to £5,000 pcm rent118118 days
Rent over £5,000 pcm828 days
Properties for Rent in London by Price
No. of propertiesAverage ToM
Rent under £250 pcm46217 days
£250 to £500 pcm rent522191 days
£500 to £1,000 pcm rent6,411160 days
£1,000 to £2,000 pcm rent30,503148 days
£2,000 to £5,000 pcm rent23,896173 days
Rent over £5,000 pcm7,356236 days

However, there is a solution to this problem! This particular segment of properties is particularly desirable for short-term rental platforms such as Airbnb, HomeAway or Booking. Typically, families or small groups of friends visiting cities love to stay in central locations for 3 -10 nights.

With Pass the Keys, homeowners now have the opportunity to rent out their properties hassle-free, with our Airbnb management services offered in London and Edinburgh.

It is so easy to cut your losses - just register your property with Pass the Keys, we will arrange for a photographer to come by, create a listing and set up the property for the first guests. After your guests have departed, we will clean the property, and you will have money in your account.

Get in touch today to cut your losses! With Christmas and Hogmanay coming up in Edinburgh, we see these properties in unusually high demand and occupancy rates rising. With demand for rental properties dropping towards the end of the year, make sure you end the year on a high!