Description of City of Edinburgh
Edinburgh has a reputation for being the kind of place that's largely immune to large-scale swings in both property values and demand for homes. Immune may be a strong word, but the way the City of Edinburgh weathered the financial downturn was and still is impressive. Today, investors are flocking the way of Edinburgh and its surrounding suburbs, where sturdy 5 per cent rent yields can generally be counted upon as standard. Of course, one of the biggest draws to Edinburgh in the eyes of investors is the annual tourist droves that flock into the city every year. Demand for short-term holiday lets is strong throughout much of the year with quite astonishing peaks over key holidays, where short-term yields go through the roof and beyond.