UK has re-opened its doors to tourism.
From Monday 2nd August, fully vaccinated travellers from all European countries and the United States can now travel to the UK without needing to quarantine upon arrival.
This highly encouraging news means the UK will once again become a hotspot travel destination, attracting thousands of couples, families’, tourists, and businesses. From city breaks to coastal retreats, it will reopen the mass travel tourism sector in the UK.
From an investment perspective, many investors are currently taking advantage of the surge in demand for UK ‘staycations’, and now with the opening of international travel, the short term lets market is set to begin an upward trend, expected to last for the foreseeable future.
Amid the current climate, choosing to invest in a short-term rental is a canny decision and is proving to be the go-to option for many. One of the main benefits of this type of investment refers to the investors ability to achieve much higher returns than those from traditional buy-to-lets. Last year’s figures reveal Liverpool was named the highest yielding city in the UK for short term lets, with yields reaching 27.2%. Other hotspots also included Manchester, Birmingham, and London.
At Alesco, we have a number of investment opportunities which are pre-approved for short term lets in major UK Northern cities. If you’d like to have a chat about our opportunities over a coffee, we’d love to welcome you to our London office. Contact us today on +44 (0)203 819 7366 to set up a meeting, or visit our website to find out more information.