Holiday Let Market Growth

Holiday let enquiries have stayed on a growth trajectory at the start of the year, continuing a trend kick-started during the pandemic, with heightened demand coming from new buyers.

Around 84 per cent of holiday let property owners said bookings were stronger than ever. They also expected this trend to continue over the next five years.

The top three reasons to buy a short-term let include supplementing existing income, having the property for personal use and greater flexibility.

Out of holiday homeowners surveyed, 35 per cent said that they intended to buy another property. Plus, 38 per cent wanted to install new features to their current property.

Which locations top the list of holiday-let hotspots? Holiday Let Market Growth

In a ranking of the best places in the UK to invest in a holiday let, Blaenau Gwent in South East Wales tops the list, according to a new report from Sykes Holiday Cottages.

Denbighshire and Rhondda Cynon Taf follow closely behind in the new ranking. Meanwhile, the leading areas in England which feature on the list include Tyne & Wear and Lancashire.
The Isle of Bute in Scotland came in fourth. The easily accessible island was the only area in Scotland to make it into the top ten. However, both Fife and Dumfriesshire weren’t far behind.

What is a Holiday Let Mortgage?

In this Holiday Let Market Growth, we provide holiday let mortgages and many other types. A holiday let mortgage is a specific type of mortgage that is designed for people who plan to use their property as a holiday let such as Airbnb. This type of mortgage usually comes with a higher interest rate than a standard mortgage. This is because there is more risk involved for the lender. It can be a great option for people who want to earn extra income from their property. Please book your appointment by clicking here.

Contact Us – Commercial Mortgages UK

We provide Hassle free commercial finance from UK experts. Book an appointment with one of our specialists at a date and time of your convenience. Initial consultations are free and last approximately 30 minutes. Please book your appointment by clicking here. For all other enquiries, please contact us here.