For many years we have pointed out the benefits of investment in UK holiday homes, particularly seaside towns. Over the last decade they have outperformed massively with their growth rate of up to 200% plus even outstripping Greater London at just 85% growth. An article in today's FT confirms this : www.ft.com/cms/s/2/2d8d4966-0d0c-11df-a2dc-00144feabdc0.html
As we said in our predictions for 2010 back in November ( press.assetz.co.uk/articles/4999.html ) we still expect coastal holiday home resorts, particularly in the South West to outperform.
HMRC may have taken away capital allowances from this April onwards as an extra tax benefit, as well is no longer treating holiday home investments as a business and taking away the entrepreneurs tax relief but nonetheless there are many investment benefits to prime UK holiday home investments.
This news story has come from the property investment blog by Stuart Law, CEO Assetz plc.
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