01 Dec 2020
ANTICIPATED FALL IN HOUSE PRICES PRESENTS OPPORTUNITY FOR SECOND HOMEOWNERS
Original Cottages reveal spike in letting of second homes as staycation market continues to grow.
Experts have predicted that property prices will fall significantly towards the end of the year*, and according to data from Original Cottages, Brits are using the fall in property prices and the relief in stamp duty as an opportunity to purchase a second home as a holiday let.
Original Cottages, the holiday cottage experts, reported a surge in visitors to the 'Let with Us' section of their website between July and September 2020, an increase of 178% compared to the same period last year. During the summer season alone, they received around 400 enquiries from prospective clients who were considering investing in a holiday let and almost 300 direct queries from people who already had a holiday let to set-up.
The data also revealed that since the start of the pandemic, the brand has increased its property portfolio and it's people from towns such as Norwich, Swansea and Exeter who are the ones using 2020 as the year to invest a holiday let. Norwich continues to lead the way as the city with the highest number of second homeowners within the Original Cottages portfolio with 277 individual owners with 346 properties across England and Wales. When it comes to destinations for holiday cottages, Original Cottages has pulled out the top 5 destinations that are proving popular amongst those seeking to list their property with them.
Top 5 destinations for new second home holiday lets in 2020 include the below, and please see examples of wonderful properties alongside:*
- Gower
- Pembrokeshire
- Cornwall
- Suffolk
- Yorkshire
Martin Wickham, Sales Director, Original Cottages: “We've seen a huge increase in enquiries from people who have purchased second properties and are seeking ways to turn these investments into successful cottage holiday lets. We have a dedicated team of local experts who deliver exceptionally high standards of service and results for all our clients and on average a new property can receive up to 3 bookings within the first week of going live. With staycations continuing to be in demand we need to respond by recruiting new properties to join the Original Cottages family whether it's a shepherd's hut or a mansion we are always on the lookout for cottages that will deliver truly memorable experiences for guests as well as positively supporting local economies.”
Original Cottages has over 5,500 handpicked cottages in destinations in England and Wales, from seaside cottages and rural retreats to city pads and luxury bolt holes. Original Cottages is a national brand that retains its local touch through its regional teams who manage properties on the ground, meaning holidaymakers and property owners alike can benefit from local knowledge and expertise.
If you are interested in letting your property with Original Cottages, please visit www.OriginalCottages.co.uk or call 03332 020 899
ENDS
For press enquiries please contact Ellis Pullen or Nicole Taylor at H+K Strategies by emailing OriginalCottages@hkstrategies.co
** Based on Original Cottages Data from October 2020
Notes to editors:
Original Cottages is a national holiday cottages company with a family of over twenty local agencies across England and Wales. This national reach combined with local expertise and on-the-ground availability is what makes Original Cottages unique. With over 5500 holiday cottages across England and Wales, Original Cottages has something for everyone, whether you are looking for a beach escape, a rural retreat or a city break. The Original Cottages Company is a family owned and run business with its roots in East Anglia.
