Holiday home investment
is an area which has been growing in popularity over the past few years. The onset of the economic crisis and subsequent rise of the staycation meant that the UK's tourism sector enjoyed a welcome boost, as well as making buy-to-let holiday purchases a potentially lucrative investment.
New research from property website Globrix suggests that, unsurprisingly, seaside towns in the country are among the best performers when it comes to buy-to-let investments.
It ranked every seaside resort in the UK by their return on a buy-to-let property investment and found that towns in southern England dominate the list, with only two towns from northern England and two from Wales featuring.
"Our results reveal that buyers are more likely to get a good return on their investment if they buy in the larger seaside towns on the south coast and in south Wales, where regeneration money has poured in over the past decade or so," said Jennifer Warner from Globrix.
Plymouth in Devon was named the top town, with properties in the seaside resort raking in a 6.51 per cent rental yield and costing an average of �135,412.
- Wednesday 01 June 2011