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For ease, buying a holiday home near where you already live is hard to beat. You can save on cleaning fees, if you’re prepared to muck in, and can make regular spot checks.
But there are plenty of reasons why this could be the wrong approach.
Avoiding the growing number of local restrictions on holiday lets is key, as is buying the cheapest properties for the highest yields.
You might be familiar with buy-to-let investing, but there are some differences with holiday let loans.
As with the buy-to-let market, some consideration should also be given to potential capital returns, although this may be less important if you will also use the holiday let and don’t plan to sell.
Everyone knows Cornwall is a lucrative spot for a holiday let investment, but it wasn’t the highest-earning area in Britain.
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