Many UK adults have fond childhood memories of long summer days on Cornish beaches. According to recent research commissioned by Holidaycottages.co.uk, nearly half of Brits who are planning a summer staycation intend heading to Cornwall. And that’s not taking into account the also-booming foreign market. Cornwall Airport Newquay is the UK’s fastest-growing, and keeps connecting Cornwall with new and untapped parts of Europe.
THE LUXURY HOLIDAY HOME INVESTMENT MARKET
Cornwall is one of the UK’s top five earning regions for property owners, so investing in a holiday let here is a super-smart financial move. In recent years (even pre-pandemic), Cornwall businesses have seen an uplift in yield and an extension of the season. A stronger awareness of climate change (amongst other factors) means the staycation trend is unlikely to tail off any time soon.
We would always advise you to take out independent financial advice, but can say with confidence that holiday properties can earn you significantly more than longer term lets, with potential to charge the same for a week’s holiday let in-season as you can for a month’s long-term let. Discerning investors who use the property as a luxuriously furnished holiday let can also offer significant tax advantages (subject to status & terms) with the potential to save money in income tax through the Capital Allowance scheme.
PLUS – this is a lucrative investment ‘with benefits’, as owners can take holidays in their property whenever they want. What’s more, Cornwall undeniably leads the way in luxury holiday lettings – a significant marker of this being that many such agencies are born and based here. The UK’s luxury self-catering holiday market is doing extraordinarily well; it appears there is a strong appetite for high-end.
A LAND OF (LUXURY) OPPORTUNITY
Couldn’t your investment portfolio benefit from the pull of the most chilled of getaways and activities, spa treatments, wining and dining, and all aspects of the beguiling laid-back Cornish lifestyle, 365 days a year? We think so …
There’s never been a better time to invest in a Cornish bolthole or luxury investment property as holidaymakers are now seeking luxury self-catering properties more than ever.
The way we holiday is changing; families want more space, privacy and freedom, as well as fewer hidden costs.
Speak to any hotelier or tourism business in Cornwall and they’ll tell you that the season is getting longer. The lure of the Cornish coast transcends summer: this special patch is now a compelling, lucrative and on-trend destination, all year, every year.
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