Edinburgh was announced recently in a Royal Mail study as the most attractive city in the UK to live and work, offering high quality education and an active business community, good job opportunities, earnings second only to London, the second highest number of start-ups and easy access to green space.
The strength of the local economy, especially in the financial services and TMT sectors, has sparked increased interest in property investment, and the burgeoning tourist industry is sparking strong demand from hotel and serviced apartment operators for sites.
The latest five star hotel, the Edinburgh Grand launched by ASAP Member Lateral City, was unveiled on June 1st, marking the first stage of an £85m regeneration project. This is just part of the upturn in hospitality in the city, and will soon be joined by the restored 28-bed Nira Caledonia and a floating hotel with 23 styled cabins, part of the Royal Yacht Britannia, The Wine House with boutique bedrooms and further hospitality investment planned in pubs and restaurants in the city.
Edinburgh Airport was also named Airport of the Year at the Scottish Transport Awards in mid-June.