28^th Jun 2019

A holiday lettings company reports a surge of BTL landlords and second homeowners taking full advantage of the 'staycation' craze, as the company's portfolio has rocketed by 23% in the last twelve months.

Simon Altham, chief portfolio officer of the lettings company, said: “We haven’t seen this surge in the number of new properties coming on-board before and a number of factors seemed to have combined to boost the marketplace.

“While it’s not as simple as saying this is all down to Brexit, it is clear from hosts’ feedback that they are looking to make the most of the UK consumers’ decision to stay closer to home this year and beyond.”
He continued: “Secondly, second homeowners are looking at new ways to maximise the value of their investment, and domestic tourism is one part of the economy that is continuing to do well.

“And finally, the rise can also be attributed to owners moving from buy-to-let to holiday lets, as a result of the recent regulation and taxation changes in the private rental sector.”

His firm's stats also outline a major change in the market with a 12% rise in what he terms as “super-luxury property recruitment” in the first half of the year.

The holiday letting market is enjoying an increase in demand for short lets and last minute bookings, as customer's booking patterns have changed due to more flexible working arrangements.

The firm has already seen a 22% increase in bookings for UK self catering holidays for 2020 in the first half of this year compared against the same period in 2018.

The top destinations enjoying the highest growth are the South West, Yorkshire, East Anglia and the Lake District, with Keswick leading the list with the highest growth of new rental properties appearing in the market.


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