"This supply and demand situation means investors are confident for a good return on investment when buying holiday homes to let"
Although the pound didn’t take the hit some had predicted when the formal agreement to trigger Article 50 was signed, there is still some uncertainty around the value of sterling against foreign currencies as the process of the UK exiting the EU continues.
A UK-based holiday home company has reported spikes in sales of homes for holidays, as people are getting more for their money by spending in Britain, rather than investing abroad and losing investment to a currency exchange.
There is also an increased demand for places to holiday in the UK from fellow Brits, as, for the same financial reasons, families are choosing to ‘stay-cate’. A record number of holidaymakers visited the UK in 2016, and numbers are predicted to continue to grow this summer.
This supply and demand situation means investors are confident for a good return on investment when buying holiday homes to let, or investing in commercial holiday properties, such as hotels and B&Bs.
At Together, we lend on various property types and look at the different purposes for an investment, so, whether you are a retiree looking at a leisure park home that can be let to holidaymakers for extra income, or a commercial investor looking at larger guest accommodations, specialist finance could open the doors to your new British holiday property.
