July 2021

With travel abroad clouded by uncertainty during the coronavirus pandemic, throwing many travel plans into disarray, there has been an influx of holidaymakers looking to vacation within the UK in 2021.

Research from private and commercial banking firm Arbuthnot Latham has revealed that in the last three months alone, search demand for ‘holiday homes for sale’ has grown by 73% year-on-year, while the number of larger properties offering accommodation for 10 or more has increased by 35%.

The report suggests UK-based holiday demand is hugely outstripping supply as people prepare to get away. This renewed interest among city dwellers and high demand for domestic holiday lets presents the perfect opportunity to invest in a UK holiday let following the ease of lockdown.

Income from holiday lets typically generates a higher gross yield than buy-to-lets, but there are several considerations when entering the short-term rentals market. Not only will you need to factor in general wear-and-tear, costs to run the rental, changeover, privacy and the suitability of your property, but also the location.

Coastal and seaside towns have long been a popular spot for UK holidaymakers – the perfect bolthole for sun, sea and sand – but they also make ideal hunting grounds for holiday let investments.

Recently, One Touch Property Investment outlined the areas that are best for serviced apartments, with Bournemouth taking the top spot for coastal getaways in the UK. 

With its miles of golden sands, beautiful gardens and wide range of shopping and entertainment options, Bournemouth holds its title as the true jewel in Dorset’s crown.

Although a popular spot among the older generation, the coastal area has plenty to keep all ages occupied – from pristine Blue Flag beaches to the pier attractions and sea life centre. With Poole just a short drive away, visitors can enjoy an array of watersports, including windsurfing, sailing and kitesurfing.

Best Western Hotels voted the city as the number one seaside town in the UK in 2019, and it boasts average rental yields of 5.5% for a one-bedroom home.

If you are interested in holiday letting your property, or for further information, please call one of the Bournecoast team on 01202 437888, email them at propertyowners@bournecoast.co.uk or visit their website www.bournecoast.co.uk.

Source: Property Investor Today