The festive period provides the perfect opportunity to wind down, take stock and think about the next 12 months. For many, New Year’s resolutions will include evaluating finances – researching ways to boost income or invest in ventures that will pay healthy dividends.
For those looking to establish a new income stream, investing in a UK holiday home is an option not to be dismissed. And now is the ideal time to buy in order to reap financial benefits in 2020.
The UK holiday market is thriving. Price comparison website Travelsupermarket.com recently reported a 50% increase in enquiries about self-catering holidays in the UK. In addition, buying agents County Homesearch has claimed that holiday cottage rentals had increased by 30% this January, compared to last year.
According to Aria Resorts, which owns The Bay Filey, the demand for property from investor buyers is high, as they start to realise the fantastic returns on investment to be gained.
Paul Bingham, sales manager at The Bay Filey, says: “We offer a managed letting service which allows holiday home owners to earn income from their holiday home when not in use, or lets them take advantage of a hands-off investment opportunity with a guaranteed 7% return available for eligible investors.
“People want to invest in something reliable. The fact our properties are fully mortgageable, with an ICW 10-year warranty and 999-year lease, makes them appealing to a wide range of people, from those who are retired, to young professionals looking to purchase a buy-to-let to support their regular income.”
As a result of this growing market for buy-to-let holiday homes, Aria Resorts has invested £20million in a new gated development of state-of-the-art luxury lodges at The Bay Filey.
The new homes have the potential to generate a gross annual income of between £25,000 and £35,000. While these are indicative figures only, and do not include costs, they reveal why investors are choosing this route to extra income.
“One of the best areas for buy-to-let holiday home yields is Filey,” says Paul.
“Our sandy shoreline recently featured in TripAdvisor’s Traveller’s Choice list, alongside Bondi Beach in Australia, and Florida’s Siesta Beach, which was a fantastic accolade.
“Holidays at The Bay Filey are on the increase, as the resort grows in popularity and more people choose to take coastal breaks all year round, not just in summer. That’s why we are encouraging investors considering Filey to make a move now, pre-Christmas, so they can capitalise on a full year of letting potential.”
Step inside The Bay Filey’s new luxury lakeside lodges
Aria’s new, gated resort at The Bay Filey will feature beautiful lodges in three different styles: the warm and inviting Nikki with natural materials and feature porthole window; the luxury New England-style Tahiti with its vaulted ceilings and sweeping deck; and the bright and spacious Kontiki, designed for families and groups with a love of sea, surf and the great outdoors.
To book a VIP tour of The Bay Filey show homes and new development or to discuss the investment potential, call 01723 518130, email sales@thebayfiley or visit The Bay Filey resort page.