When the sun shines, few things beat a trip to the British seaside. Whether a day on the beach with a bucket and spade, catching a wave or a clifftop stroll, these are simple yet rewarding pastimes. It is no wonder properties by the sea command such high prices. Homes in fashionable Salcombe, Sandbanks and … [Read more...]
The Death of Tourism in Wales?
Many second home owners have 'panicked' and offloaded their properties and "this means that there will be fewer holiday lets available to rent for those without huge budgets" Second home sales have fallen off a cliff, according to new analysis of property transactions, and owners are said to be selling up to avoid … [Read more...]
How the tide turned on Britain’s holiday home dream
Second home sales have fallen off a cliff, a new analysis of property transactions has revealed, with higher mortgage rates and a council tax crackdown pushing the pandemic-fuelled holiday home boom into reverse. A record 26,290 second properties were purchased in 2021 as homeowners spent their lockdown savings and … [Read more...]
Holiday lets and soaring house prices: why second homes are a hot election issue
Today holidaying crowds will gather in the sunshine on St Agnes’ beach for the annual Easter Sunday dog racing championships organised by the local surf life-saving club. The hounds have to chase a “grommet” — a beginner surfer — dressed as a rabbit. The local paper suggested that this year, after a two-year hiatus, … [Read more...]
Where to find the best value-for-money holiday homes in Britain
The pandemic-fuelled property rush and staycation boom amped up house prices in holiday favourites around Britain. A beach hut in stylish Wells-Next-The-Sea in Norfolk is currently on sale for £80,000 while in Truro, Cornwall, a plot of under half an acre of land is listed for £895,000. The solution for buyers who … [Read more...]
What to do if your house is ‘down valued’ in 2022
The housing market emerged from a hectic 2021 with out of kilter pricing, which means buyers could need to find thousands of pounds more in cash to secure their dream home. However, bidding wars that drive up the price can have unintended consequences for both buyers and sellers. Down valuations occur when a … [Read more...]
How to Make Money out of Luxury Holiday Lets
Forget location, location, location, the new mantra for property investors is staycation, staycation, staycation. Just ask Mathew Rees. He and his family own around 220 buy-to-let houses and flats in Greater Manchester and Cheshire, but they are so certain that the pandemic has ushered in a new golden era for UK breaks … [Read more...]
Seven Ways to Boost your Holiday Let Profits
Little details make a big difference in a competitive market – here's how to stand out: In May, Ghillie James and her husband bought a five-bedroom farmhouse outside Bath – despite never having seen it. They exchanged on the property, which cost more than £1m, from their home in Singapore, where they had lived for a … [Read more...]
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