x
By using this website, you agree to our use of cookies to enhance your experience.
Graham Awards

TODAY'S OTHER NEWS

Staycation yield boom likely to stay for up to two years - forecast

Fabrik Invest, which works with holiday parks across the UK, says the staycation boom is here to stay despite the easing of travel restrictions.

“The longer-term nature of travel restrictions means a staycation boom not just for this summer but in all likelihood for next year too, and potentially the year after” claims managing director Dale Anderson.

“Even once restrictions are lifted, we anticipate many families will still feel reluctant to fly and so will look to take breaks in the UK instead. Add to that those who choose not to fly for environmental reasons and those who can’t or won’t have the Covid-19 vaccine, and so probably won’t be able to fly, and the long-term prospects of the holiday let market here in the UK look very healthy indeed.”

Advertisement

Research by Mintel has given an insight into how lucrative this market now is - holidaymakers’ UK spend in 2021 is estimated to be some £7.1 billion, up 22 per cent on 2019.

Anderson also says investors in holiday chalets can take advantage of better tax breaks than traditional buy to let owners, and even suggests that increased working from home may trigger increasing corporate use of holiday parks for the likes of team-building exercises.

 

 

“The current staycation boom has served to focus attention on this type of investment and its advantages. Over the longer-term, holiday lets provide one of the highest-yielding types of property investment.”

Fabrik says first-time holiday let investors should assess pre-pandemic letting records to get a realistic long-term view of potential yields, and to consider the benefits of a reputable management company.

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.

icon

Please login to comment

MovePal MovePal MovePal
sign up