Staycation or Vacation? – How the Covid-19 Pandemic has reshaped the holiday home market
In recent years a sequence of global insecurities have led to the rise in demand for holidays within the UK. From Brexit to overseas terrorist activities, the Covid-19 pandemic has been the pinnacle element in reshaping the UK holiday market with 156% more bookings for UK based getaways than July 2019 (The Telegraph, 2020).
With Summer 2020 looking slightly different from the rest, families are now opting for a safer option during the times of uncertainty, and travelling the UK has become increasingly popular. Park homes and lodges are available all over the UK for personal or rental use, with unlimited access and high returns on investment. Due to park homes self contained nature, UK holidays are still going ahead in 2020, and many britons are taking advantage of the opportunity to take a break away from lockdown life.
Investing in a holiday home:
The pandemic has handed investors a top level opportunity to dive into the holiday home rental market, with the demand exploding as lockdown eases and uncertainty remains for the future of international travel. One of the main benefits of a holiday home is the ability to rent out your home to holidaymakers, creating a steady second income.
Unsure on investment? Many sites offer rental management services, making the process of earning an income even more seamless. The resort teams are able to assist with managing holiday lettings on your behalf, so you are able to sit back, relax and be sure that your investment is paying off. With many holiday owners running their holiday let remotelty, it can be easier than you think!
Laceby Manor provides an excellent investment example with their 2 bed lodge priced at £120,000. This lodge currently achieves around a 7.5% return on investment after all costs, including site fees.
*Please note these rates are not guaranteed but working with Hoseasons they do everything to maximise the rental return*
If a holiday home seems like a suitable investment for you, visit www.parkmove.co.uk or contact Parkmove on 03333 202088