The Rise Of 'Staycations' In The Wake Of The COVID Pandemic, And What This Means For Second Home Owners In The UK
Tuesday 28th June 2022
Second home owners in the UK are reeling from the recent spread of the COVID pandemic, which killed more than 1 million people worldwide. This led to many countries implementing quarantine, including the UK, Australia and all of Europe, where transport was severely disrupted by roadblocks, closed airports and halted trains. In this article we will talk about the rise of 'staycations' in the wake of the COVID pandemic, and what this means for second home owners in the up.
What Is A Staycation?
A staycation is a vacation or holiday that you enjoy while remaining at your current location. Staycations are becoming increasingly popular as people become more conscious about how their actions can potentially impact their health. They are also becoming more popular as a way to spend time with family or friends who may live far away, but that you do not see often.
The Changing Face Of Travel
The evolution of travel from a once-in-awhile luxury to an everyday activity has caused some interesting ripple effects. First, it's made tourism more sustainable; since we're traveling on a more regular basis than before, we need places to stay (and eat) on an ongoing basis. Second, it's prompted people to invest in real estate abroad; many people with vacation homes have taken them off the market and are renting them out full time. The result is that vacation homes have become even more expensive (though hopefully they'll stabilise as supply catches up).
An Ode To The Staycation
A staycation (or vacation from your vacation) is a great way to escape some of the hassles involved with big vacations—the traffic jams, extra hotel expenses, and general touristy stress. Think about it: There's no better way to take a break from our crazy lives than by taking another break. A staycation can also be a lot cheaper than venturing out on an actual vacation—all you need are plane tickets to get away from your city instead of that high-priced island resort. Plus, you can do almost everything a tourist would do on their trip (only at home).
How Is A Staycation An Opportunity For Second Home Owners?
The upsurge in staycationing means that tourism businesses are reporting a healthy hike in their summer trade. As well as those holidaymakers staying close to home, many British families are using a staycation as an opportunity to use their holiday homes. Second-home owners can make more money by renting out properties during peak season than they could by selling during quieter times. It's clear that staycationing has created a golden opportunity for second-home owners looking to make money from their property; if you're thinking about investing in a second house or flat, it's worth contacting Grey Dove Property Management
Bottom Line
The term 'staycation' (meaning holidays within one's own country) is rapidly gaining popularity amongst British holidaymakers as a result of higher holiday prices coupled with lingering anxieties in the wake of COVID-19 pandemic. As many struggle to be persuaded by a 'pure' dose of sunshine amidst ongoing concerns over health risks, research has revealed that Britons are increasingly looking towards more affordable vacation spots within their own country. Visit Grey Dove Property Management for more information on how to manage your second home, and how you can profit from it.