With international travel having been restricted since last March, interest in UK holidays has boomed, with Google data showing searches for UK holidays more than doubled this January and February compared to the same months last year1.
As staycations become more popular, many Brits are considering investing in a UK holiday home, with 77% saying they aspire to own one2. The good news is that now is a fantastic time to buy, with interest rates at an all-time low and international home ownership becoming more complicated due to Brexit and Covid travel restrictions. What’s more, there are many perks of owning a second home in the UK, compared to other countries.
To highlight why Brits should consider a domestic holiday home, Park Leisure, which operates 11 holiday home parks across the country, has highlighted the key benefits and considerations that make buying in the UK a great choice.
You won’t have to deal with international laws
Purchasing a home in the UK means that you’ll be much more familiar with property ownership laws and any payments that will be required.
Other countries will often have different laws that you’ll need to be familiar with, in addition to potential hidden costs and fees that can make purchasing a home abroad much more challenging.
It’s also important to remember that Brexit may have an impact on purchasing a European property, and our relationship with the EU is likely to evolve over the coming years, meaning that it’s difficult to predict how foreign home ownership may work in the long term.
You’ll see financial benefits
Owning in the UK carries several financial benefits that can be taken advantage of. For example, purchasing a second home often means you’ll be able to claim for discounted council tax, depending on the local authority. What’s more, you can take advantage of the historically low interest rates when buying a house.
You can also rent out your property when you’re not using it, helping to make owning a second home much more affordable, and even profitable in the long term.
Taking a holiday is also much cheaper, as you’ll only have to pay for fuel, rather that flights and car rental you’ll need when visiting an international holiday home.
You’ll be supporting local economies
Another perk of owning a holiday home in the UK is that you will be directly supporting the UK economy.
This is especially true if you rent out your property when you’re not using it yourself, and you can ensure that your holiday expenditure helps the local economy.
You can make the most of the UK
The UK has incredible regions for a domestic holiday, with world famous beauty spots across the country, such as the Yorkshire Dales, which was recently voted as the best national park in the world according to trip advisor3.
Owning a home in the UK means that you can spend time visiting these stunning locations, treating yourself to a world class holiday for a fraction of the cost and commitment it takes to travel to a holiday home in another country.
Flexibility and personalisation
Owning a holiday home is a financial commitment, however owning one in the UK means you can take advantage of short notice trips and simply hop in the car for a weekend away, rather than needing flights and advance commitment to visit the same country every year.
At some holiday parks, including Park Leisure, you’ll also be able to visit hassle free for 12 months of the year, once Government guidelines permit. To make the most of your home throughout the year, consider purchasing in April as you can then visit your new holiday destination during all the bank holidays.
You can also ensure that you’ll be able to enjoy your holiday with your pets, without having to fly them abroad, which can be expensive and traumatic for the animal. Many UK holiday parks are pet friendly, so you can take them along without any restrictions.
Lisa Williams, director of marketing and holiday sales at Park Leisure, said: “With stunning destinations from Cumbria to Cornwall, Britain has everything you could want for a holiday, especially whilst international travel remains so uncertain. Owning a UK holiday home means that you can make the most of the beauty on your doorstep, whilst also taking advantage of the financial benefits of owning domestically, as well as the ease of travel.
“With ongoing restrictions on travelling abroad, it’s understandable that Brits are looking to invest in a UK holiday home so they can make the most of what Britain has to offer, and now really is the perfect time.“
For insider tips on buying a caravan or holiday home in the UK, visit: https://www.parkleisure.co.uk/news/what-is-the-best-time-of-year-to-buy-a-caravan