The British Staycation Boom: Large Homes as Lucrative Investments
02nd November 2023
One positive to come from the COVID lockdowns is the rediscovery of the great British getaway. Families that would usually fly to warmer climates are staying right here in the UK, and even going on holiday with friends and families to maximize the experience. According to statista.com, the trend for staycations remained strong in the post-COVID seasons.
This increased demand for accommodation has spawned a developing trend of homeowners offering their homes up for short-term rent to large groups seeking a getaway without baggage limits and with all the comforts of home at their fingertips.
Could these large properties be an investable opportunity in the wake of diminished returns for new build developers and buy-to-let investors alike? If holiday rental rates are anything to go by, they could well be.
For instance, a 12-bedroom beachfront property in Wales is offered off-peak from £2000 per night and is fully booked for summer 2024, with bookings extending into 2025. In addition, a large house in Padstow, Cornwall could yield a 30-week rental income of almost £180,000, according to cottages.com.
Properties on sleeps12.com and bighouseexperience.com appear to be booked beyond 2024, suggesting that they struggle to meet demand. Investing in large family homes could offer excellent returns for discerning investors.
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