A UK holiday home may sound like a luxury but it could be this year’s big earner.
Surveys from economic consultancy PwC, online lettings firm Cottages.com, and Barclays Bank show that up to 76% of Britons plan a UK holiday in 2017. This is, in part, due to foreign holidays are up to 20% more expensive since last Summer due to the falling pound.
A boost is likely for the self-catering rental market, with Wales being one of the most popular destinations.
Carol Peett of West Wales Property Finders has already seen a huge increase in the number of people renting holiday cottages in Pembrokeshire, Carmarthenshire and Ceredigion over the past year or so.
This she puts down partly to the falling pound since Brexit, but sadly also to the rise in terrorism effecting many traditional family holiday destinations such as Turkey and Egypt and to queues and delays at airports due to added security measures putting people off travelling abroad, particularly those with small children. Two superb Summers running in Pembrokeshire has also helped attract repeat visitors.
Purchasing a holiday home not only solves the problem of where to spend your family holidays but can also generate a healthy income for the owner through holiday lets and these are also still extremely tax efficient.
For further information visit the website at www.westwalespropertyfinders.co.uk or call 01834 862816.
http://www.sixtyplusurfers.co.uk/homelovers.html – February 2017