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Agency predicts strong holiday lets summer coming up

Bookings for staycations continue to surpass pre-pandemic levels, according to holiday home rental agency Sykes Holiday Cottages.

The company has revealed that bookings so far this year are up 22 per cent versus the same point in 2020, while there has been a 158 per cent increase in bookings compared to the same period last year.

Similarly, bookings for the upcoming February half-term are up 27 per cent compared to February 2020.

It says the highest volume of bookings are for Whitby, Ambleside and Bowness-on-Windermere.

According to Sykes’ income data, holiday homeowners earned on average £28,000 annually per property last year, compared with almost £21,000 in 2019 – a figure that is set to rise again this year as bookings and occupancy increase.

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Sykes also revealed the top earning locations for holiday home owners last year, with Dorset, the Cotswolds and the Peak District taking the top three spots, and Devon and Somerset rounding out the top five.

Meanwhile, in a survey of 1,000 holiday goers, Sykes found that 55 per cent say they will still opt for UK staycations even when international travel restrictions have lifted.

On average Britons are planning to take two staycations in the next 12 months, with almost half saying limiting their environmental impact is a key consideration when choosing a UK break over foreign travel.

Other factors for opting to holiday closer to home include the ease and convenience and getting to enjoy the outdoors.

Graham Donoghue, chief executive at Sykes Holiday Cottages, says: “Bookings for our holiday lets this year are through the roof, showing that the staycation boom is here to stay.

“While bookings for February half-term have been record-breaking, we expect Easter and summer to be no different, and bookings are already coming in for autumn and winter thick and fast.

“With the trend for staycations going nowhere, the attractiveness of holiday letting as an investment opportunity continues to go from strength to strength. We’ve witnessed a strong pipeline of enquiries in recent months from those new to holiday letting or wanting to rent out a second home as many look to reap the financial rewards on offer.”

By Graham Norwood

Source: Letting Agent Today

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Demand for staycations see Holiday Let product numbers double in 12 months

Buy-to-let investors looking to the Holiday Let market for their next investment will find a greater choice of deals provided by a growing number of lenders than a year ago due to the rise in demand for domestic holidays.

According to analysis by, mortgage options for borrowers looking at holiday lets have more than doubled since August 2020, there are now 186 options available compared to 74.

More lenders have entered the market, there are now 25 different brands versus 14 in August 2020, the majority of which are currently building societies.

The number of holiday let companies set up between January and June this year was an increase of 83% versus the whole of 2020 and 119% more than in 2019 according to Hamptons International.

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Rachel Springall, Finance Expert at, said: “It’s positive to see a rise in holiday let product choice for landlords over the past few months, but the market is still relatively niche as there are less than 200 deals available. As the demand for staycations remains evident, it would not be too surprising to see more growth in this market in the months to come. In August 2020 only 14 lenders were offering a buy-to-let mortgage available to holiday let, whereas today there are 25 and many of these are building societies.

“The mix of uncertainties this year surrounding international travel has caused demand for holiday lets and, according to Hamptons International, there were 1,404 new holiday let incorporations in England, Scotland and Wales between January and the end of June 2021. They recorded this as the highest number since their records began in 2007, an increase of 83% compared with the number of holiday let companies set up in the whole of 2020 and 119% more than in 2019.

“Whether the appetite for staycations falls into 2022 is unknown but for the moment it’s evident landlords are taking advantage of the opportunity to earn an income through holiday lets. Those who may have saved some additional disposable income during the UK lockdown, or are looking for alternative investment opportunities, may then be keen to get involved. Undertaking thorough research into popular locations, weighing up tax benefits, reading up on rules regarding residency periods and other potential expenses outside of utility bills can feel daunting, so seeking advice before entering an arrangement is wise.”

Source: Property Reporter

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