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 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...]
Join the Sharing Economy
Friends and family members are coming together to invest in a holiday home Carol Peett, the managing director at West Wales Property Finders, has seen an increase in this arrangement in Pembrokeshire. Last year 12 multigenerational families sought to buy together, in 2016 it was three. Before 2016, when the 3 per … [Read more...]
Time to Invest in Holiday Lets
Nearly 800,000 foreign tourists flocked to Wales in 2014; around 100,000 more than in 2014. In the third quarter of the year the increase was 7.5% over the previous year, giving Wales’s tourist industry a major boost with an extra £9m spent, according to the Office of National Statistics. With Tenby’s Harbour Beach … [Read more...]
