UK Property Talk Holiday Home Backlash Threatens AIRBNB
Market
As the number of holiday let properties have increased by
40% in costal regions such as Norfolk, Devon and Cornwall, some English councils
are proposing a ban, the BBC reports.
Some tourist areas have become so saturated with AIRBNB
holiday lets that locals are being squeezed out and can no longer afford to
rent or buy in the area.
A resident in Scarborough complained that almost every house
in her street was a holiday let and no longer occupied by local residents.
A councillor in Brighton said there are 3,500 AIRBNB
properties advertised in the popular beach town and wants a planning ban on
holiday lets and second homes.
The holiday let or serviced accommodation (SA) strategy has
exploded in recent years with many courses
on offer to teach landlords how to increase returns on their investment and
avoid tax and rule changes imposed on standard ‘buy-to-let’ property.
There is no doubt that you can increase your rental income by
using the SA strategy correctly.
4 things to consider before you consider SA or holiday lets
as a strategy:
1.
Training
2.
Lender
3.
HMRC
4.
Insurance
Free Beginners Property Secrets Training:
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