Almost a fifth of British holidaymakers (17%) have planned to stay in the UK this year, according to a recent survey by Leeds Building Society.
The study found that one in ten people have changed their holiday plans as a result of ongoing political and economic uncertainty.
The building society claimed that this provided an opportunity for landlords to diversify their portfolios into holiday let properties.
Highlights from the national survey included:
- 62% of respondents found England to be the most desirable location to visit, followed by Wales (36%), Scotland (21%) and Northern Ireland (2%)
- the South West was selected as the preferred area to visit in England (25%), with Yorkshire and the Humber (16%), the North West (10%), the North East (9%) and the South East (6%) rounding off the top five
- just under half of respondents (49%) favoured the coast for a UK getaway, followed by a country retreat (34%) and a city break (17%)
“Our research indicated that traditional holiday locations, such as the South West, Yorkshire, and the Lake District, remain as popular as ever,” said Matt Bartle, director of products at Leeds Building Society.
“Buying a property as a holiday let, like any other property investment, does carry risk but it enables an investor to diversify their portfolio risk by letting weekly to a range of occupiers, rather than relying on one individual to pay their rent each month.”
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