Britain's best places to buy a holiday let
'Although running costs are now higher for holiday let hosts, competition to buy these homes has fallen, as have prices,' he says. The introduction of double council tax for second home owners is also likely to be dampening demand for properties in these areas.
House prices in the prime coastal locations have dropped 15.7pc since 2022 and 6.7pc since last year.
Before making a commitment, consider the costs associated with being a holiday let owner.
Where to invest?
If you are considering becoming a holiday let owner, location is critical. New research from The Telegraph reveals 10 of the most affordable and suitable locations to invest in, spread evenly across the country and without repetition within an area.
The index considers the average annual turnover, hours of sunshine, number of nights let on average in the area, and the level of competition from other holiday lets, among other metrics.
Our research found Southwold in Suffolk has the highest average property price, while the cheapest place to buy is Haworth in West Yorkshire. However, holiday lets in Crantock in north Cornwall generate the highest annual turnover.
Here are Britain's 10 best places to buy a holiday let:
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