The weather is set to get warmer as we head into the Easter weekend, but people will not be making the most of their bank holiday with a UK break.
Staycations are what bank holidays were made for, as far as some people are concerned. But not this year.
Given the rapid escalation of the coronavirus pandemic, the message from the government is clear: ‘The single most important action we can all take in fighting coronavirus is to stay at home in order to protect the NHS and save lives.’
Many of us have already lost money as a result of the disruption caused by the spread of coronavirus, and the situation is no different for those who rely on rental income from short-lets.
A year ago, buy-to-let landlords who owned properties that looked set to be empty over the Easter bank holiday weekend were being urged to make the most of their assets by renting out their homes on a short-term let.
In London, for instance, based on the average price of a three-night rental, Air Agents, a short-let management company, calculated that landlords with properties in zones one and two could earn on average £180 per night, totalling £540 for the Easter weekend in 2019.
April traditionally marks the beginning of the high season, with a low volume of homes typically available to rent over the Easter weekend. However, that is not the case this year.