Here’s how much money short-term holiday rentals make in Scotland

DEMAND is rising for self-catering in Scotland and more and more holiday homes are coming to market, according to rental companies.

Holiday company Sykes reported a 65% year-on-year increase in inquiries for new properties, with those already on the market bringing in an average income of £16,000 a year. In the Highlands, the most popular region for travel in Scotland last year amid the pandemic, a three-bedroom property averages nearly £19,000 in revenue a year.

“The rewards are substantial,” the company said, adding that prospective vacation home owners “clearly recognize the income opportunity that awaits them.”

The company said holidaymaker bookings for self-catering cottages are “coming in” for 2022 as the market is likely to continue to grow in Scotland.

“The appetite for Scotland as a premier travel destination has reached new heights,” the company said.

READ MORE: We have a mountain to climb with Scotland’s housing crisis

Another rental company said Scottish holiday rentals in 2022 were up 121% on the same time last year – with demand driving prices up to 60%.

“Continued strong demand is also translating into higher returns for our landlords, particularly on larger, high-end properties where some saw a 60% increase last year compared to 2019,” a carrier said. word of cottages.com.

LHH, which is based on the Black Isle, told the Sunday National that demand is still high for self-catering stays, even though people can travel abroad more easily thanks to the lifting of restrictions.

The company also said more homes are coming to the self-catering market.

“We’ve had quite a few inquiries over the past few weeks, now things are looking a little brighter, from people who have put things on hold during Covid,” a spokesperson said.

Although second home rentals are feared to have a huge impact on areas already affected by depopulation, LHH said communities are benefiting from the boom in staycations as visitors become increasingly aware of the need to support shops, cafes, bars and restaurants.

READ MORE: What it’s like trying to find a home in a Highland ‘tourist hotspot’ right now

“People used to shop before leaving, but now they contact us for information on local businesses,” the spokesperson said. “People are much more aware of the need for their money to go locally, so I think that will be a big advantage.

“I think the pandemic has triggered something in people actually and I think that will help communities. There has been a real understanding of the difficulties of small businesses during the pandemic and I hear more people asking about local shops – it’s different because before they wanted to know where the nearest supermarket was. They are also very supportive of cafes and restaurants now, rather than taking picnics.

Reservations for LHH properties are coming in quickly for the coming year, she said.

“It’s looking really good, demand is still high and while people may be traveling more, I think they’re still a little more cautious,” the spokeswoman said. “Because things have changed so quickly and so often, I think they’re just saying ‘well, we’re just going to stay home’.”

LHH said people were also inspired by photos of friends’ vacations they saw online.

“There has been so much online over the past two years that I think it has reignited interest and passion for our own country,” the spokeswoman said. “People realize we have a lot to offer, so why not vacation here.”

Unique Cottages, based in Melrose, also reports ‘high demand’ for self-catering accommodation across Scotland.

‘Demand is coming from across the UK and we are starting to see an increase in inquiries and bookings from Europe,’ a spokesperson said.

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