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, in part, is due to the price of foreign holidays which 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 which puts 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.
If you are thinking of purchasing a holiday home in Wales, give West Wales Property Finders a call. Over 90% of the properties we find for our clients never reach the open market, ensuring that they get the pick of the crop, and we can also advise on the best holiday rental companies to handle the letting of your property. Give us a call on 01834 862816 or take a look at our website.