Telegraph advises readers to ‘invest in staycation boom’ with holiday home in Wales
The Telegraph newspaper has advised its readers to “invest in the staycation boom” by buying a holiday home in Wales.
The article, part of a series, details the best places in the UK to buy a holiday home, with the final article recommending areas for those with a “bigger budget” of £450,000.
In its article, the Telegraph said that due to the pandemic “Britons have championed the staycation and demand for self-catered holiday homes in the UK has skyrocketed”.
“Using data from estate agency Savills, we have found the most popular locations for holiday homes this year where investors could tap into the market with up to £450,000.”
The article comes after hundreds of people met at the Tryweryn dam in Gwynedd over the weekend to protest against the housing situation and call for the Welsh Government to act.
Yesterday, the Welsh Government said it was committed to tackling the “adverse impact that disproportionate numbers of second homes can have on communities”.
“We will work unstintingly to stabilise the number of second homes and, through the actions we and our partners take, to reduce them over time in areas where there are concerns,” Climate Change and WWelsh Language minister Julie James and Jeremy Miles said.
The Telegraph article recommends 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.”
The article adds that “the villages of Symonds Yat and Penallt have proven particularly popular for holiday homes”.
It quotes an estate agent of Roscoe Rogers and Knight who advises a holiday home in the country.
“You can get quite a bit of land for your money in the area, much more than Devon or the south coast, and that is attractive to buyers. But a lack of supply versus greatly increased demand has pushed prices upwards over the past year,” he says.