Properties bought for the purpose of holiday lets have grown in popularity since the introduction of the stamp duty holiday, with the extension giving investors until June to see savings for homes worth £500,000 and until September for those worth £250,000 and under.
Holiday property provider – cottages.com – has seen a 35% increase in enquiries, with year-on-year enquiries rising by 70%.
The “staycation” boom isn’t going anywhere for the time being, as coronavirus restrictions ease and the country gets one step closer to being able to resume planning social events and trips.
The pandemic has reshaped how people holiday, with many more of us choosing to stay closer to home and taking fewer risks with our travel plans.
If you have been considering buying a second property to let short-term in the UK, you could see significant returns in time for summer.
Out of all the new listings on cottages.com, 70% have been listed from first-time holiday letters; showing a unique opportunity for investors.