{"id":571,"date":"2022-05-04T08:44:22","date_gmt":"2022-05-04T07:44:22","guid":{"rendered":"https:\/\/holidayletmortgageuk.com\/?p=571"},"modified":"2022-05-04T08:44:23","modified_gmt":"2022-05-04T07:44:23","slug":"lancashire-is-holiday-cottage-investment-hotspot-in-staycation-boom","status":"publish","type":"post","link":"https:\/\/holidayletmortgageuk.com\/lancashire-is-holiday-cottage-investment-hotspot-in-staycation-boom\/","title":{"rendered":"Lancashire is holiday cottage investment hotspot in staycation boom"},"content":{"rendered":"\n

Lancashire is one of the top areas in England to invest in a holiday home for staycations, particularly Lytham, Morecambe and Clitheroe.<\/p>\n\n\n\n

With house price growth currently at 7% year on year, and an average annual rental income of nearly \u00a323,000, the county offers excellent long-term potential for anyone looking to invest \u2013 particularly in popular tourist spots such as Lytham, Morecambe and Clitheroe.<\/p>\n\n\n\n

Lancashire ranks second on Sykes Holiday Cottages\u2019 list of top investment hotspots in England, behind only Tyne & Wear, with Shropshire rounding out the top three.<\/p>\n\n\n\n

Contact us today to speak with a specialist\u00a0Holiday Let Broker<\/a><\/strong>\u00a0to discuss how we can assist you<\/em> <\/p>\n\n\n\n

Looking at the UK overall, Lancashire ranks in ninth behind destinations throughout North and South Wales. Blaenau Gwent in South East Wales topped the list, followed by Denbighshire and Rhondda Cynon Taf.<\/p>\n\n\n\n

The Holiday Let Outlook Report 2022 analyses Sykes\u2019 revenue data, alongside current house prices and house price growth, to drill into the long-term investment opportunities within holiday letting across the UK.<\/p>\n\n\n\n

Location and amenities are two of the most important factors in a holiday home\u2019s success, so within the regions listed, any property must also be in a good location and offer desirable facilities to strengthen the investment potential.<\/p>\n\n\n\n

Discover our Holiday Let Mortgage Broker<\/a><\/strong> services.<\/em><\/em><\/em><\/em><\/p>\n\n\n\n

The report also contains consumer research, Sykes\u2019 booking figures and insights from rental data and analytics company AirDNA, to paint a clear picture of the UK\u2019s holiday let market.<\/p>\n\n\n\n

According to the poll of UK holiday home owners commissioned for the report, a quarter (25%) only started letting during the pandemic, with the staycation boom fuelling a rise in people entering the market \u2013 including investors, as well as those renting a second home already owned, setting up glamping accommodation or transforming part of their home.<\/p>\n\n\n\n

In fact, bookings for Sykes\u2019 holiday lets in 2022 are up 35% compared to pre-pandemic levels \u2013 with bookings to Lancashire 76% higher this year than in 2019.<\/p>\n\n\n\n

Graham Donoghue, CEO, Sykes Holiday Cottages, said, \u201cThe shift towards staycations had already begun pre-pandemic, Covid has just accelerated this trend. And although international travel is becoming easier, we now have new types of staycationers that are here to stay.<\/p>\n\n\n\n

\u201cBecause of growing demand for breaks to Lancashire and rising house prices, there has perhaps never been a better time to invest. There are monetary benefits to entering the market, but by holiday letting you\u2019re also helping others experience and enjoy your own part of the world while supporting the local tourism economy.\u201d<\/p>\n\n\n\n

For those looking to maximise the revenue potential of their holiday lets, Sykes\u2019 analysis found that a hot tub is the leading money-boosting feature to install \u2013 adding an estimated 49% to annual revenue.<\/p>\n\n\n\n

Income figures also suggest luxury amenities such as open fires could boost earnings by 19%, on average, while a rise in pet ownership fuelled by the pandemic has seen pet-friendly properties earn 9% more.<\/p>\n\n\n\n

By Nicola Adam<\/em><\/p>\n\n\n\n

Source: Lancashire Post<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lancashire is one of the top areas in England to invest in a holiday home for staycations, particularly Lytham, Morecambe and Clitheroe. With house price growth currently at 7% year on year, and an average annual rental income of nearly \u00a323,000, the county offers excellent long-term potential for anyone looking to invest \u2013 particularly in […]<\/p>\n","protected":false},"author":2,"featured_media":572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[6,10,4],"acf":[],"yoast_head":"\nLancashire is holiday cottage investment hotspot in staycation boom<\/title>\n<meta name=\"description\" content=\"Lancashire is one of the top areas in England to invest in a holiday home for staycations, particularly Lytham, Morecambe and Clitheroe.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holidayletmortgageuk.com\/lancashire-is-holiday-cottage-investment-hotspot-in-staycation-boom\/\" \/>\n<meta property=\"og:locale\" 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