Scotland: COVID-19 Is Bringing Modest Good News To Some Renters

Portree harbour lined with painted houses in front of a sea of moored boats
Skye photo by Becky McCray is licensed under CC BY-NC-ND 2.0
Portree on the Scottish Isle of Skye, a tourist mecca with a hitherto long term rental crisis.

At the price of losing what may be an all-important local industry — tourism, renters in holiday destinations are seeing the impact of dramatic economic changes upon landlords.

This is a story that will undoubtedly change the fortunes of both renters and landlords in popular tourist regions around the world. Profit-minded landlords have paired with budget-minded tourists to create a flourishing industry in STR’s (Short Term Rentals), almost always at the loss of local long-term rental availabilities and accompanied by rising rents. Needless to say, low and no wage earners have been the prominent casualty of this trend.1

With COVID-19, the worm has turned. Tourism has dried up. Longer term rental opportunities are becoming available, at least temporarily, in tourist districts as landlords scramble to protect their investments.

Read more about the flight from Airbnb and other STR forms in The Scotsman: Coronavirus: The Shifting Foundations Of The Lettings Industry – David Alexander

Footnotes

  1. Try: When Lack of Affordable Housing For Others Becomes A Health Problem For You