Telegraph advises readers to buy Welsh holiday let to ‘make money all year round’
The Telegraph newspaper has advised readers to buy holidays lets in Welsh towns in order to “make money all year round”.
Describing Wales as the UK’s “holiday home capital” it suggests Tenby, Llandudno and Trearddur on Anglesey as the best locations to invest in a holiday let.
The article comes after the Welsh Government said it was committed to tackling the “adverse impact that disproportionate numbers of second homes can have on communities”.
Language campaign group Cymdeithas yr Iaith have also called for a cap on the number of second and holiday homes in any community, as part of “introducing a radical package of measures as a matter of urgency”.
It comes as Wales saw the biggest house prices rises in the UK year on year in August, with the average price increasing 11.6%. It has iven rise to fears that many people will not be able to afford to live in their own communities.
The Telegraph article advises readers to “bag themselves a summer hideaway that works equally well in autumn and winter” so that they can rent it out when they’re not living there.
They cite data from Sykes Holiday Cottages and Vrbo which shows which locations the UK are most in demand outside of the summer months.
“Wales has recently been named Britain’s holiday home capital, with a higher proportion of second homes than the West Country, and it is little wonder that it also features in this league table,” The Telegraph says.
“The key year-round resorts are: Tenby, Llandudno and Trearddur, on Anglesey.”
A Telegraph article in June also recommended Monmouthshire as the best place to buy a holiday home in Wales with a budget of £450,000.
“Sandwiched between Brecon Beacons National Park and the Wye Valley Area of Outstanding Natural Beauty, the Welsh district of Monmouthshire is not short of stunning views,” it says.
“It has enjoyed a surge in popularity with holidaymakers this year and bookings for the summer are up 46pc.”