Big boost in Brits buying holiday homes in Blighty


Although the mainstream holiday market might be slumping, in some areas of Britain there's been a big boost in people snapping up staycation holiday homes.

Demand for UK getaway homes in South West in particular is at a record high, says estate agent Knight Frank.

And the bigger the better, as families are chasing properties that can provide 'generational' holidays, with grandparents, children, and grandchildren sharing the house.

And the place in Britain with the most holiday home owners? Leysdown-on-Sea, on Kent's Isle of Sheppey, where two-thirds of properties are holiday homes, according to Cambridge News.

The Trebetherick area of Polzeath, North Cornwall, pitched in at second place, with nearly 50% of properties used as holiday homes.

Grainne Gilmore, head of UK residential research at Knight Frank, told 'The staycation trend set in recent years looks set to continue as the weak pound makes the option of holidaying abroad or buying a home overseas seem less attractive.'

And buying a holiday home-to-let in Britain can also be a money-spinning move, according to Anthony Skitt, managing director of Classic Cottages, which has a new section on its website advising prospective purchasers about the best places to buy a holiday home.

He said: 'In a period of low interest rates, holiday home letting can provide a low-risk return for the smaller investor.

'Despite scepticism, we see many success stories. One couple paid £250,000 for a home in Falmouth and joined our portfolio in February 2011.

'The property has already booked for 23 weeks, exceeding the original income estimate of a net annual return of just over £12,000, with a gross revenue of £15,000-plus so far this year.'

Making money and getting holidays out of it too? Sounds good to us!

Fancy doing some research? Check out these gorgeous UK seaside cottages:

Wonderfully secluded cottages by the sea

Wonderfully secluded cottages by the sea