With record numbers of foreign holidaymakers visiting the UK and a rise in British residents staying in the country for vacations during 2017, many investors are welcoming the buy-to-let opportunities this trend presents.
According to a study recently carried out by tourism organisation, Visit Britain, 23.1 million inbound visitors came to the UK for a holiday between January and July this year, with experts from the agency also predicting that this number will reach 39.7 million by 2018. This growing trend provides the chance to maximise buy-to-let investments with holiday lets as an alternative to the traditional buy-to-let model.
Although extra fees may be involved with holiday lets as opposed to standard buy-to-let schemes, holiday lets might deliver profitable buy-to-let opportunities for investors who wish to take advantage of the UK’s rising popularity as a holiday destination.
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