Many are turning their annual countryside break into a serious, year-round investment by buying a property and renting it out to others. More than a million English households are now registered as owning a…
Many are turning their annual countryside break into a serious, year-round investment by buying a property and renting it out to others. More than a million English households are now registered as owning a second home and often, it is a case of choosing between a second home or the fluctuating fortunes of the stock market.
There`s a great synergy between tourism and property, comments Peter Cornwell, one of the partners of Marsdens Cottage Holidays. Around 45% of our current owners purchased their property after holidaying with us, and at least half of all visitors enquire at some point about the profitability of holiday homes.
Continues Cornwell: Capital appreciation and free use of the place during non-rental periods make holiday cottages an enjoyable investment. Now is a great time to buy as second-homeowners can take advantage of the slowing property market to negotiate lower sales prices and better deals with lenders, as competition in the mortgage market intensifies.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
