Press Release Summary = Landlords who own property in the UK\'s holiday hotspots can look forward to an influx of short-term holiday lets over the next two decades.
Press Release Body = Landlords who own property in the UK\'s holiday hotspots can look forward to an influx of short-term holiday lets over the next two decades.
A new report by insurance provider Direct Line is predicting domestic holiday breaks to soar in the next 20 years, with 2027 seeing people take 21 million more breaks in their own country rather than going abroad.
This should come as good news for holiday homeowners in the country, who would have been forgiven for being concerned that rainy summers and the lure of warmer, foreign climes could deter Britons from choosing domestic vacations.
Direct Line claims that in two decades\' time, British residents will take 129 million holidays around the country, with the typical traveller doing so three times a year. The United Kingdom Tourism Survey found that in 2006, Britons took just over 79 million holidays in the country.
According to Direct Line, the surge in popularity of the British holiday is likely to be boosted by Britons expecting better weather to become the norm, which could lead to them being able to participate in more outdoor pursuits such as hiking and watersports.
National pride was also cited by nearly two-thirds of respondents in the poll as their main reason for increasingly opting for domestic holidays, as they wish to see more of their own country and learn about it while they are travelling.
Chris Price from Direct Line said the UK offers \"dramatic coasts, idyllic countryside and vibrant cities\", as well as more World Heritage sites than the USA.
There is also a lot of money being spent on improving coastal towns, the director of the British Resorts and Destinations Association, Peter Hampson, asserted. He explained that there is constant development work being carried out in the major resort towns of the UK.
Commenting on the level of investment in these projects, Mr Hampsons said \"vast amounts of money\" are going into them. \"The reason for that is because resorts are becoming more popular and therefore there is the economic reason to do it,\" he added.
Where does that leave the buy-to-let investor and which seaside towns will yield the best returns? If a recent Halifax house price growth report is anything to go buy, savvy buy-to-let investors should head north, as six of the ten best performing seaside towns for the last year are in Scotland.
Girvan in Ayrshire has seen average house prices rise by 41 per cent to £131,512 since last summer, while Arbroath experienced growth of 30 per cent and Ardrossan 28 per cent.
But it seems wherever they invest, seaside is the best for buy-to-let: the Halifax survey noted that more than a third of all seaside towns experienced increases of ten per cent or more in their average house price during the last year.
\"Seaside towns have generally seen firm house price performance over the past year,\" commented Colin Kemp, the managing director of Halifax Estate Agents, adding that they attract \"buyers looking for a lifestyle change, along with second home buyers and buy-to-let investors\".
2022
