Holiday let market experiencing boom

Holiday let market experiencing boom
The strength of the UK tourist industry is paying dividends for holiday property owners

New data compiled by Second Estates has revealed that the UK’s short-term holiday let market is experiencing a boom, with average income per booking up 6.4% in the first four months of 2017

According to the report, the UK now has 165,000 holiday let properties, with the average property generating annual rental income of £22,281 in 2016. This is double the average of £11,052 for residential properties, where rents are currently declining in many areas. In peak season, the average holiday let property generates £1,200 a week, almost six times the average weekly rent in the UK.

The areas of the UK where holiday let rental growth was fastest in the first four months of 2017 were: the South of England (+17.3%); Cornwall (+14.5%) and Devon (+8.9%).


The growth in rental income is being driven by increasing domestic and international demand for short term stays in popular UK holiday destinations. There were a record number of visits to the UK in 2016 (37.6 million) and overseas visitors contributed £22.5 billion to the UK economy. The number of overseas visitors increased 7% in the first three months of 2017 (compared to the same period in 2016) and the amount they spent increased 11%.

Alistair Malins, CEO of Second Estates, comments, “The weak pound is persuading millions of Britons to remain in the UK this summer and attracting more overseas visitors to the UK. The strength of the UK tourist industry is paying dividends for holiday property owners.”

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Tony Gimple
Tony Gimple 09 Dec 2017

Linking professionalism to limited company borrowing is a flawed concept. Despite S24 etc., limited companies are the most tax inefficient way of running a property business and leave borrowers seriously...

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

It's normal. If you plan to buy a house in one of the most beautiful spots in the country you should pay a high price.

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

I think that the situation will be the same at December.

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Scott Garnet
Scott Garnet 06 Nov 2017

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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