boydens.co.uk Lettings 26 Understandably, the events of the past few years resulted in a resurgence in UK holidays. Travel restrictions, flight prices, and growing awareness of climate change all combined to make home getaways more appealing. In addition, cancelled flights and delays at airports have fuelled anxiety among UK holidaymakers due to disruption caused by staff shortages across the aviation industry for Summer 2022. The appeal of holidaying in the UK has not just been limited to holidaymakers. According to research by Suffolk Building Society, 17% of UK adults contemplated buying a holiday let property during the pandemic, with the data highlighting that younger people were leading the trend, with those aged 18-34 most likely to have thought about buying a holiday let property within the past 24 months. Of those who expressed their interest in becoming a holiday let landlord, almost a third (32%) said Covid-related restrictions inspired them to look into holiday lets, however, half (50%) claimed it was always part of their plan. Short-term holiday lets can be an attractive option if you own a property somewhere scenic especially in an area that is popular with tourists, such as the Essex Coast. In fact, holiday lets can be extremely profitable, as landlords are able to charge higher rents for short-term holiday lets when a property is in a highly desirable location. If you are considering venturing into the holiday lettings market there is plenty to consider. The global pandemic of 2020 led to a resurgence in demand for UK vacations with record numbers holidaying at home in 2021. Coastal resorts around the country saw a boom in visitors including to Frinton-on-Sea, from where Boydens Holiday Lettings division operates. Branch Manager, Matthew Hayward, explores the appeal behind holiday lettings as an investment for new landlords. Away Home &
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