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LETTING NEWS: Boom in Staycations means more business for holiday homes

05/04/17

Two new reports into the leisure industry provide a boost for owners of holiday homes in this country, or those considering buying one in the near future. For in addition to being able to enjoy the home yourself, there looks set to be an increase in demand for homes let out in popular holiday locations such as the south west.

  • Around 20 per cent more Britons are considering a ‘staycation’ holiday in the UK than in 2016 according to a survey of 2,000 people by rental firm HomeAway;
  • The same survey puts Devon in the top five destinations for staycationers;
  • Meanwhile business consultancy PwC says that although the Pound’s exchange rate is relatively steady now, the value of Sterling has dropped 16 per cent since last summer, therefore making domestic holidays in 2017 even more attractive.

Some of East Devon’s most attractive locations such as Woodbury, Lympstone and Topsham are covered by East of Exe, and we are very experienced at advising those wanting to buy a holiday home on the best locations, property types and lettings policies.

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