Is the IOW the best place to buy a holiday home?
Recent figures have indicated that over 45 million holiday trips were taken England in 2018, with the number in 2019 likely to exceed this with the growth in the ‘Staycation’ market, fuelled by less than optimum currency exchange rates but also an improvement in standards and variety of accommodation now available in the UK.
With no end in sight to this steady growth in the UK Holiday market, now could be the perfect time to purchase a holiday let, or reconsider how you use your second home. But where are the best places to invest?
You’ll be glad to know that the Isle of Wight is in the top 10 best locations for popularity on UK based holiday searches. Combined with average house prices on the Island lower than many other popular destinations, this makes the Isle of Wight an ideal place to invest in a Holiday home.
With the Island being less than 2 hours south of London, with very reliable transport links, owning a second home here has grown in popularity over the years. Known as the ‘Garden Isle’ for its impressive countryside, more than half of the island is an Area of Outstanding Natural Beauty and almost 30-miles of the shoreline is designated as heritage coast.
The island is popular with all ages of visitors, due to its range of attractions, famous beaches, extensive cycle routes & footpaths and its plethora of fantastic restaurants and pubs.
If you’re considering buying a property on the Island and need any advice, we’d be happy to help. We can even help with mortgages and legal advice.