Devon holiday home demand surges thanks to the pandemic

The pandemic has led to a surge in interest for holiday homes, as search demand for holiday homes in South Devon doubled between 2019 and 2021.

Average incomes for holiday homes in South Devon increased by 19% compared to 2019, research from holiday home company Classic Cottages shows.

Bigbury-on-Sea saw a 100% increase in site search traffic, followed by Salcombe, where property searches rose 67%, and Dartmouth, which witnessed a 48% rise in interest.

Dan Harrison, commercial director of Classic Cottages, said: “2021 was an extraordinary year for the business and as we enter the second quarter of 2022, we continue to see portfolio growth and strong booking numbers. Occupancy levels for the year ahead are already up 20% versus the same point in 2019, which is a very positive start to the year.

“Our report summarises just a few of the key observations we’ve made on property investments in Devon as well as booking patterns for the year. It proves that the popularity of holidays in Devon is not wavering and it would be a good time to invest for those considering a holiday home in the south west.”

Classic Cottages has produced a free downloadable guide with advice and tips on all aspects of holiday home ownership in Devon, ranging from tax considerations through to insurance, as well as what types of properties to consider, and why.

Average property prices are shown by location so that nomadic buyers can see where they can make their money stretch furthest. The report shows that an investor with a £1.3 million budget, for example, could purchase a five-bedroom sea-view house in Salcombe, or three three-bedroom houses in Brixham, leaving money to spare for renovation work.

The guide provides tips on features that owners should consider or look for when purchasing a property to boost their annual income. Sea views, for example, have been shown to increase average income by up to 39%, while adding a hot tub can generate a 29% uplift in turnover. Making a property pet-friendly can boost revenue by as much as 29%.

For advice on holiday homes as an investment, Classic Cottages offers free consultations with its team of area managers.

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