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Insider UK
Insider UK
Business
Peter A Walker

Airbnb denies buying Scottish property tech firm

Airbnb has denied reports of it acquiring an Edinburgh-based property technology firm.

Insider reported yesterday on a press release that stated Letting Cloud had been bought by the US property rental giant.

It claimed that the proptech firm - set up in 2019 - has more than 5,000 agents advertising over 500,000 properties, with the deal being part of Airbnb's plan to abide by the Scottish Government’s legislative changes on short-term holiday lets.

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