As we reach the middle of May, the summer holidays are quickly approaching. For many Brits it means jetting off to somewhere exotic for a few weeks, whereas for some who may be on a budget, a ‘staycation’ will be more ideal. Britain has lots to offer as a holiday destination, even if the weather is highly variable. With the summer holiday period and London Olympics on its way, hundreds of national and international visitors will be staying in Britain’s finest locations.
This provides landlords with a golden opportunity to promote short-term lets as an attractive alternative to hotels. For any landlords interested in renting out their property for multiple short term tenancies, it is important that they protect themselves with good landlord insurance as a variety of people will use their property as a temporary home over a number of months.
UK Holiday Property Hotspots
As you are all aware the UK’s biggest attraction this summer is the 2012 Olympic Games. For many months now there has been news about property prices in London increasing, landlords demanding higher rental yields and some even unexpectedly evicting their current tenants in order to capitalise on the influx of visitors. Now while it may be appealing to jump on this bandwagon, remember that London remains one of the most expensive areas to purchase a property and a lot of the Olympic demand has already been met. Besides, the UK has other appealing holiday locations.
Seaside Escapes
The coastal regions of the country are extremely attractive retreats for families and couples who want the benefits of the beach without boarding a plane. Most of these places are located in the southern part of the country, which is typically more expensive. They include Brighton, Weston-Super-Mare, Cornwall and Plymouth. Further up North places like the Isle of Man, Blackpool and Southport are equally appealing.
Countryside Escapes
Wales is one the UK’s most popular countryside retreats and the property prices here are fairly reasonable. There are also plenty of other picturesque villages, intimate cottages and large family manors for people to rent throughout the country, depending on their needs. Some of the most popular countryside destinations are Kent, Devon, the Lake District, Oxfordshire, Cambridgeshire and rural parts of Scotland.
Festivals and Events
Speaking of Scotland, the annual Edinburgh festival which runs throughout August attracts a wide variety of performers and audiences; making Scotland a great weekend break alternative to London this summer. Countless other world renowned and local festivals/events are taking place across the UK, which can be researched online, and have the potential to provide landlords with a solid demand for temporary rental properties.