Staycation demand allows holiday let owners to cash in
In the first half of 2021, 1,401 holiday let companies were incorporated, which was an increase of 83% on the previous year and a 119% increase on the year prior to that.
Holidaymakers have traded flights to Europe and destinations further afield for summer holiday destinations in the UK, such as Cornwall, Dorset, Devon and the Lake District.
Despite the rising prices of these destinations and limited availability, hospitality businesses who suffered as a result of lockdown are now enjoying a huge demand for UK holiday accommodation.
It has been highlighted that this is not just a summer trend, as bookings have continued to soar into the autumn and winter periods, with it looking less and less likely for many tourists to catch some sun before the end of the year and travel hassle-free.
What locations are the most appealing to the public?
In terms of location, it’s not all about major city breaks, with holidaymakers showing as much interest in scenic, countryside destinations.
The rising popularity of UK staycations provides a perfect solution for frustrated Brits wanting to get away, as well as investors looking for new options to expand their portfolios.
Are you looking for your next investment opportunity? Talk to our team today.
*Property Investor Today
This article was originally published by BriefYourMarket and is reproduced here with their permission.
For more company news and insights from Pygott & Crone, click here
Latest news
Shared ownership: Is it a stepping stone or a trap?
Shared ownership is one of the most widely discussed routes onto the property ladder for first-time buyers who cannot afford to purchase outright.
Conveyancing Explained: What Happens Between Offer and Completion
The moment a seller accepts an offer feels like the conclusion of a long process.
Why Families Are House Hunting Right Now Instead of August
The family buyer is the most time-constrained purchaser in the property market.
The Green Upgrades Tenants Actually Care About vs The Ones They Don't
The language around energy efficiency in rental properties has become increasingly technical.
