Holiday Homes See Average Prices Rise By 12% In Six Months

Continued interest in second homes and the growing unlikelihood of foreign holidays this summer have seen the average purchase price of a holiday home increase by 12% in the past six months, according to the latest data from Hodge. According to the specialist lender, in October 2020, the average purchase price of a holiday let mortgage application through the firm was £387,993, jumping to £435,476 in March 2021 - a 12% increase over just six months. The lender says that it has also seen a 30% leap in holiday-let mortgage applications in the six months to March 2021, with the average mortgage also increasing by 7% over that time. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/property/holiday-homes-see-average-prices-rise-by-12-in-six-months.html