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Hodge: Coastal properties prove most popular holiday home purchase

Jake Carter

June 1, 2021

seaside holiday let coastal

A total of 59% of mortgage applications for a holiday home are for coastal properties, according to data collected by Hodge.

Nearly a third (31%) are for country houses and just 10% are for a place in the city.

The top five cities to buy a holiday home in the UK are York, Norwich, Edinburgh, Hereford and Glasgow.

The lender noted that the average price for a holiday home in April was £423,537.

Emma Graham, business development director at Hodge, said: “Applications for holiday let mortgages have risen across the board in the past year and it appears that people have an appetite for all types of properties – it’s not just places with big open spaces or a view of the sea, but it’s also city escapes that are also making the cut.

“Hodge is one of only a few lenders on the market who will lend to mortgage customers looking to use letting sites such as Airbnb.

“These sites are popular for those looking to book a city break and will help to boost rental yields for city holiday let homeowners.”


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