If you are looking for a new niche in which to expand your property rental business, the holiday homes market is currently considered to be a sound investment for landlords. Many Britons are revising their future holiday plans to take into account the fact they have less money in the budget to pay for expensive holidays abroad, and with this in mind, there are many benefits to investing in holiday lets.
Experts believe that the holiday homes market could spike over the next decade because of several factors, largely because property prices have crashed and many families are looking at holiday lets as opposed to the more traditional package holiday in a hotel type trip.
I can see the benefits of investing in holiday let type properties: the long-term capital gains are very appealing and the domestic holiday let market is undoubtedly going to rise in popularity, plus you also have a nice holiday home you can use off-season when the urge to take a break strikes!
In the UK, tourist hotspots such as Newark near Sherwood Forest and Corfe Castle in Dorset are considered to be ripe for growth, and if you are interested in the idea of investing in a foreign holiday let property, check out countries such as Slovakia or Finland as there is plenty of potential for growth opportunities there. Alternatively, look at places where current demand far outstrips supply—popular foreign holiday destinations for Brits include Ibiza, Malta, Canary Islands, and all of these have a shortage of available holiday homes during the high season. In the UK, Brighton & Hove and Central London is a holiday let heaven for savvy investors.
