Holiday Home Backlash Threatens AIRBNB Market – UK Property Talk
UK Property Talk Holiday Home Backlash Threatens AIRBNB Market
As the number of holiday let properties have increased by 40% in costal regions such as Norfolk, Devon and Cornwall, some English councils are proposing a ban, the BBC reports.
Some tourist areas have become so saturated with AIRBNB holiday lets that locals are being squeezed out and can no longer afford to rent or buy in the area.
A resident in Scarborough complained that almost every house in her street was a holiday let and no longer occupied by local residents.
A councillor in Brighton said there are 3,500 AIRBNB properties advertised in the popular beach town and wants a planning ban on holiday lets and second homes.
The holiday let or serviced accommodation (SA) strategy has exploded in recent years with many courses on offer to teach landlords how to increase returns on their investment and avoid tax and rule changes imposed on standard ‘buy-to-let’ property.
There is no doubt that you can increase your rental income by using the SA strategy correctly.
4 things to consider before you consider SA or holiday lets as a strategy:
Free Beginners Property Secrets Training: