The UK’s holiday lets sector could be a beneficiary of the current Brexit uncertainty and people not vacationing abroad because they feel poorer, a lender claims.
“Possible Brexit scenarios could mean many people have less money to travel abroad and choose to holiday closer to home. At the same time, if it becomes more laborious and possibly costs more to travel to Europe after Brexit, this too could have an impact on holiday destinations” according to Andrew Turner of specialist lender Commercial Trust. The upshot is that landlords who use their rental homes as holiday lets, could potentially do very well out of Brexit, as a result of growing demand” he insists.