Increasing demand for Holiday and Investment properties
The easing of Lockdown 2020, saw a gradual increase in demand for “holiday” and investment properties, but no one could have expected to experience the demand that we are experiencing as we head into summer 2021.
But where is the demand coming from?
The combination of saved lockdown finances, new flexible work from home options and the desire for a more relaxed lifestyle has made the idea of a second home or holiday let investment property a possibility for many city dwellers.
Coastal and village locations throughout the UK have been inundated with an increased interest, with stock levels low but buyer demand flying high.
How will this impact the local areas?
Many local communities have expressed concerns about the impact of increased investors or second property owners on the dynamics of the community.
Leading Welsh property specialist, John Francis, has reported that this increase has already greatly impacted the availability of properties for local residents, seeing some Coastal towns introducing local buyer restrictions to reduce purchases by second or investor buyers.
These restrictions are a council driven initiative to prevent popular locations from becoming ghost towns out of season.
Cashing in!
Many property owners in desirable areas are cashing in on this boom, placing their properties on the market and seeing exceptional interest.
With staged homes selling faster, staged holiday lets are flying off the market. So, if you have a vacant second or investment property and want achieve exceptional profits on your investment whilst the market is HOT get in touch.
We find that many investors want an effortless, turn key properties ready to let, so by staging you will quite literally tick all of their boxes…..and more! Cash in!
Which areas are most sought after for holiday or investment properties at the moment?
Recent research by the Telegraph showed the top 10 holiday let locations in the UK, with 6/10 within Cornwall where the rental yield can be up to 6% in some areas.
Polperro, Cornwall
Barrow-in-Furness, Cumbria
Middlesbrough, North Yorkshire
North Lanarkshire, Lanarkshire
Newquay, Cornwall
Calstock, Cornwall
Ludgvan, Cornwall
St Columb Major, Cornwall
Camborne, Cornwall
Fenland, Cambridgeshire
With a greater focus on staycations, holiday makers are exploring new areas of the country making the appeal for investment and holiday locations spread further geographically.
We predict that 2021 is going to see other counties in the England, villages in Wales and previously quieter settings in Scotland creep in to the top 10 hotspots for investment opportunities and second homes.