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Strong demand for Cornwall holiday lets

The Cornwall holiday lettings market is going strong, despite the buy-to-let market being dampened down by government measures and political uncertainty.

Cornwall-based holiday lettings firm Beach Retreats has seen an 103% year-on-year increase in bookings for 2020 – which is significant for a business used to a 15-20% increase per year.

Nicola Markham, joint regional managing director and group sales director, Acorn Property Group, said: “We continue to see a number of investors each year interested in our developments, particularly in Cornwall and Wales.

“Our new build homes offer a fantastic return on investment due to their desirable locations and high-quality finish as well as being low maintenance and easy to manage.

“We expect that the demand for holiday homes will continue with the trend for ‘Staycations’ increasing in the UK.”

Since the EU referendum, the value of the pound has fallen significantly, resulting in trips to Europe becoming more expensive, which in turn has fuelled demand for staycations in the UK.

This summer alone saw a 33% year-on-year increase in searches and bookings for trips within the UK between June and September.

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