Sunday, 5 September 2010
Knight Frank Article - the revival of the second home market
According to the ONS, in the three years up to the beginning of 2010, the number of nights spent by tourists in catered holiday accommodation in the UK grew by a modest 1.3% from 309m to 313m. However, the growth in nights spent in self-catering apartments rose by 67% to 9.2m and the number of nights in self-catering houses, cottages and lodges grew 20% to 20.8m
Read the report
Friday, 20 August 2010
The market sell off that never was - Daily Mail article
However they will certainly be tightening the rules and properties will have to be available more of the year for holidaymakers to hire (minimum 210 days), and be priced attractively to ensure they obtain a minimum number of lettings (105 days).
Setting a property up as holiday let brings tax benefits but if done properly is a serious undertaking. The government aims to ensure that they are run as businesses, not as a loophole in order to save on Capital Gains Tax. As the acccountant in this article eloquently puts it: 'Basically, holiday home owners must not take the mick.'
Read the article
Saturday, 16 January 2010
Change of use from holiday park to permanent
Read the full article here
Sunday, 6 December 2009
Self catering not so easy
There's an article in the Times about self catering being hard work and not being the road to riches. They are right; in recent years the market has become more competitive, with it harder to guarantee occupancy and customers more demanding.
On top of this property price rises have reduced percentage returns - your property may now be worth £500,000 as opposed to £250,000 but rents haven't doubled.
It is possible for properties to do well but you need to:
- Find a property in a good location with clear appeal in photographs - internally, externally and with views
- Make sure you pay a good price for it
- Fit it out well but stay on top of your budget
- Maintain standards
- Spend a lot on marketing or find a good agent
- Expect to offer last minute discounts
- Treat your customers well
Read the article:
http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article6945288.ece?token=null&offset=0&page=1
Sunday, 8 November 2009
Growing trend for self catering in the City
Read article
Saturday, 3 October 2009
Some good news for South West housing market
New figures show house price increases of nearly 5 per cent in the past three months.
Read article
Monday, 24 August 2009
Hoseasons think that 'staycation' will fuel demand in 2010
Read full article
Sunday, 14 June 2009
Rocklands nears completion
I went to visit Rocklands in Newquay last week and was once again blown away by the views - these have to be the best views in Newquay bar none. It's nearly ready to go with the firsts guests staying at the end of the month. They won't be disappointed. The location is close to the heart of town and the building towers over Tolcarne Beach.
The apartments with balconies overlooking the beach have an amazing vista. The communal roof garden has a hot tub and loungers - in the height of summer this will be a great place to feel as though you are really in the heart of things, yet on a different level. Rocklands Newquay
Sunday, 7 June 2009
BBC article on the budget tax changes
South West agencies are lobbying to get this proposal overturned.
Read the BBC article on the potential impact on the self catering holiday market
Thursday, 5 March 2009
Second home owners feeling the pinch
Read the Times article