This applies to holidays too, resulting in the rise of the ‘staycation’. More Brits – 3.8%, according to Visit England – are swapping an annual overseas holiday for more frequent UK breaks. Plus, many are seeking luxurious accommodation that can also double up as a source of income.
For canny Yorkshire folk, one hidden gem is ripe for discovery when it comes to staycation investments.
Filey, with its award-winning, sweeping sandy beach and breath-taking, dramatic clifftops, is rapidly becoming a hotspot amongst aspirational holidaymakers. Understated, elegant, with a traditional prom and bandstand, this popular seaside retreat is winning countless new devotees.
The charming, characterful town is brimming with independent shops, eateries and places to visit. There’s the stunning Crescent Gardens, with panoramic views across the bay, and Filey Brigg, where you can explore the rock pools and admire the wildlife.
As more people unearth Filey, the demand for luxury property has increased, resulting in a new development of country lodge holiday homes at Aria Resorts’ The Bay Filey.
“Filey is an increasingly popular choice for Yorkshire residents who seek out the finer things in life, but who don’t want to waste time travelling too far,” says Paul, who is sales manager at Aria’s resorts’ The Bay Filey.
“They want Filey’s sandy beach and picturesque countryside, but with high-quality holiday homes and a host of amenities on their doorstep.”
As well as providing an idyllic retreat for a luxury coastal break, the new properties can also be rented out to fellow holidaymakers throughout the year with an optional 7% return per annum. Investment options are dependent on the financial status of the applicant and terms and conditions apply.