Holiday house ownership in the United Kingdom is on the rise, with some owners earning up to £3,000 per week.
HOLIDAY houses may be a pipe dream for some, but they are becoming a reality for more Britons every day, according to one expert.
For many Britons, UK vacations have become the sole viable choice due to seemingly ever-changing overseas travel regulations and expenses. According to Raoul Fraser, proprietor of Lovat Parks, the popularity of staycations has corresponded with an increase in holiday homeownership across the country.
There are currently 700 holiday residences ranging from static caravans to “dual unit luxury vacation lodges” among the company’s seven UK-based holiday parks, which include Cornwall, Norfolk, Kent, and the New Forest.
Phones have been ringing off the hook in 2021, according to Mr Fraser.
“Demand has been exceptional this year, and most of our parks now have waiting lists,” he told this website.
“On average, we have 25 new customer meetings per week, resulting from about 75 new customer inquiries.”
While the pandemic has “heightened” Britons’ desire to own a home, Mr Fraser claims that interest has been steadily increasing in recent years.
He continued, “It’s been rising because the quality of parks is getting better and better all the time.”
“Not only in terms of appearance, but also in terms of living quarters.”
The classic caravans of the 1960s are no longer in use. Lovat Parks offers luxurious lodges with everything from huge, open-plan living areas to state-of-the-art kitchens with built-in equipment.
Mr Fraser said, “They’re incredible quality now.”
“And, in the case of the lodges, they’ll last 70 years.
“For our holiday lodges, we give 50-year license terms, which is a reasonable amount of time for customers to make the most out of their investments.”
Mr Fraser emphasizes that vacationers should not regard their vacation home as a “investment,” as caravans often depreciate in value over time.
Despite this, he points out that many homeowners have made significant financial gains by renting out their vacation homes.
Because of the increased demand for staycations in 2020 and 2021, as well as Lovat Parks’ appealing locations, some homeowners have reported earning as much as £3,000 for a week-long rental.
“Renting works incredibly well for folks who have some money in the bank generating very low interest and want a second home but don’t want to worry about maintaining it,” he says. “Brinkwire News in Condensed Form.”