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
Part of a network of agents
We work with other trusted estate agents across the nation
Latest news
Your guide to investing in multiple-occupancy homes
Investing in multiple-occupancy homes (HMOs) can be a great way of increasing yields, making them very attractive investment opportunities for landlords.
Landlords! When was the last time you booked a rental valuation?
Rental demand still outstrips supply in the UK, and your property is unique, which is why it’s important to understand its true rental value.
Have you double-checked your tenancy agreement?
When you have found the perfect rental property for you, it can be very tempting to sign on that dotted line in a hurry.
Does 2024 hold a better future for landlords and tenants?
The rental market in the UK is going from strength to strength.
