#88
Mike Hanning is a Hong Kong Kong based expat who has so far invested in his hometown of Edinburgh in Scotland, which has been called the Mecca of Serviced Accommodation.

So you would think that this short-term business model would be the equivalent of the Chance Card in Monopoly which says Advance to Go. Collect £200.

However, it’s not that straightforward as Mike reveals in this must-listen episode for those interested in investing in Scotland.

The changing landscape for Scottish property investors makes choosing SA in Edinburgh (and Glasgow) over standard buy-to-lets not as clear cut a decision as it perhaps once was.

And Mike is the perfect person to give us the facts as he has one serviced accommodation unit and one buy-to-let.

This episode explores the complications of the Scottish Property market and also examines the effect of rent freezes on the housing market (spoiler alert… it’s not good!)

Join us as Mike mulls over his next move!

To Join our Mailing List

To leave an honest review of Expat Property Story

To listen to Mike’s Desert Island Property Disc

Redevelopment, COVID, quarantine rules, furnishing tasks, odd jobs, Edinburgh, architect friend, distance, Scottish property buying system, investment property, short-term accommodation, council restrictions, Scottish government, rental cap, rental stock, property investors, expat, serviced accommodation model, review, mailing list, yields, rent increases, cost of living crisis, mortgage costs, tenanted property, spreadsheet data, short-term rental regulation, grandfather rights, UK, ruling, tenement buildings, shared access, residential tenants, Glasgow, Dundee, purchase prices.