Potential for Short and Holiday Lets
As a popular destination for trips, Bournemouth has the potential to be a hotspot for the holiday lets sector.
Depending on the area, it can be more profitable to invest in Airbnb or holiday-letting properties rather than long-term investments. The prices of holiday rentals can skyrocket during certain seasons, so buy-to-let investors should know about these lucrative opportunities as this industry gains prominence.
When it comes to short-term letting, research is key. Not only is it important to thoroughly research the area and seasonal trends to ensure your property is in the best position to make big returns, but it’s also imperative to be aware of local legislation regarding short lets.
High Demand for Property
Bournemouth has previously been called the most in-demand coastal city in the UK when it comes to property by Rightmove.
Its status as a top seaside destination means it’s a popular choice for holiday homes, second homes, and a place to move to after retirement. In fact, Bournemouth City Council offers a range of schemes and discounts to assist those seeking affordable, low-cost, and senior housing.
It’s easy to see why there’s so much demand for property in Bournemouth. As the largest resort in Bournemouth, there are miles of sandy beaches, beautiful parks and gardens, and the stunning scenery can be viewed from rugged cliffs. In some areas, such as West Cliff, there are even properties with sea views, so the scenery can be enjoyed even at home.
This high demand is a positive for buy-to-let investors as it may translate to high capital appreciation in the future, as well as high rental demand and high rental income. However, it does mean that buy-to-let expenses in Bournemouth are higher than average, so investing in this area may be difficult for many investors, and rental yields will be higher in other regions.