L&S Pr
operty
SILVER LININGS PROPERTY PLAYBOOK Part 4
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tourism industry has been one of, if not the hardest hit sectors due to the COVID-19 lockdown. When it does start to recover, it will do so from “inside to out” meaning that the clients frequenting attractions, hotels and holiday homes will first be regional-based tourists living within a car drive away from the destination, followed by tourists within a short flight away, either within the country or from neighbouring countries, and finally international long haul flight tourists.
IT WOULD BE REASONABLE to predict that attractive, reasonably priced holiday accommodation will be in high demand as soon as leisure travel is allowed again. Holiday letting the correct properties prior to the lockdown provided excellent returns, and with the advent of AirBnB and the hosting / management companies that assist in facilitating bookings, it has never been easier.
One of the additional advantages to buying an investment property for holiday letting purposes is that, unlike a permanent rental, you as the owner can still make use of the property. As mentioned above, the lockdown has created a zero-income environment for the owners of “holiday-let” properties. This, added to the fact that holiday homes are generally a luxury as opposed to a necessity, means that there are a significant number of holiday homeowners that would consider an offer in this post-lockdown market.
