Useful report with a number of interesting facts, such as:
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
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6 comments:
its nice one...
I think, Should consumers start looking for the vacation house of their dreams.The overwhelming supply of foreclosed homes at discounted prices is driving the market lower. While some second-home buyers may be tempted to wait for prices to fall further, homebuyers who wait for an absolute bottom are likely to miss it.Thanks to you.
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very nice bolg
Very interesting Blog. I run a holiday home rentals website and have seen an increased popularity in the number of people seeking out rentals of holiday homes rather than package holidays. You simply get more for your money.
Hmm not sure about second homes, they do somewhat destroy the economy.... (there are parts of cornwall that become ghosttowns after october and don't revive til after easter - a realy pain for locals when the village shop shuts up shop for 5 months!!). Why not have a home exchange scheme - let your home out for times when you are off in someone elses home elsewhere in the country... there really is no need for empty hiomes, not with so many homeless.
The second home market was one of the most resilient sectors of the housing market throughout the recent recession surprisingly so, perhaps. There are several reasons for the faster rebound in demand for second homes this time around. Interest rates are much lower than they were in the early 1990s, which has reduced both the cost of acquiring property and the attraction of keeping money in cash.
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