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Cornwall top holiday home hotspot

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24/04/2015
Cornwall is the UK’s holiday home hotspot, with more than 10,000 holiday properties located in the area.

Research by Direct Line found around 165,000 people in England and Wales have holiday homes, with Cornwall the most popular location.

The county houses more than 6% of all second homes which are used predominantly for holidays.

Gwynedd in north Wales was the second most popular location, due to its coastline and access to the Snowdonia National Park.

North Norfolk rounded out the top three, with the survey pointing to its sandy beaches and salt marshes as key attractions.

Around 1.6million people based in the UK have a second property and around 10% of these are holiday homes. The majority of these are based near the coast, stretching from the Lake District in the north down to Cornwall.

Other uses include properties located close to work or bought for children attending university.

Nick Brabham, head of Select Premier Insurance, said the main problem with holiday homes was keeping them maintained all year round.

“Holiday homes are very valuable to owners as they are often a place to relax and spend quality time with loved ones,” he said.

“This time is often limited, which means it is essential to keep the property and its contents in top condition all year round.

“Comprehensive insurance on a holiday home is vital but not something people want to spend time organising, after all most of us go on holiday to get a break from work and general life administration.”

Peter Olivey, resident partner at Cole, Rayment & White Estate Agents, Padstow, said many people preferred the ease of holidaying in the UK.

“Cornwall ticks a number of important boxes for second home owners with its coastal location and abundance of activities,” he said.

“It’s a true holiday haven without the hassle or cost of going abroad. The local property market here is competitive but with a number of new developments springing up and mortgage rates much lower than they have been, there’s still plenty of opportunity for prospective buyers.”

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