Holiday let market thrives as pound weakens
The average income per booking is up 6.4% this year in the UK’s short-term holiday let market, a report compiled by Second Estates has shown.
‘The Holiday Property Investment Report’ reveals that the UK has 165,000 holiday let properties, with the average property generating double the annual rental income of residential properties in 2016.
Cornwall and Devon were amongst the fastest growers in the holiday let market with 14.5% and 8.9% increases respectively.
Alistair Malins, chief executive of Second Estates, said: “The weak pound is persuading millions of Britons to remain in the UK this summer and attracting more overseas visitors to the UK.
“The strength of the UK tourist industry is paying dividends for holiday property owners.”