Short Term Lets Re-shaping Uk Housing Market

The latest industry findings reveal an exponential growth in the short-term rental market over recent months, with a surge of interest providing investors with exceptionally high yields and returns typically ranging between 12-20% in key-note UK cities.

Homes with short let potential have played a significant role in recovering the UK housing market since the pandemic, their popularity has been driven due to factors such as tourists requiring larger accommodation while visiting for an extended period of time, whilst they are also useful for those on a corporate stay/temporary secondment or homeowners seeking an alternative residence while renovations or refurbishments are taking place at their principal accommodation.

Commenting on the rising popularity surrounding short-let properties, Rayna Hunter, CEO of LH1 Global, said: “Short term rental demand has risen in tandem with the everchanging modern lifestyle, which has seen more people looking for temporary accommodation rather than setting down roots. The demand now outstrips supply increasing short term rental prices rise and in turn delivering significant gross yields that is making this property type a very attractive proposition for investors. We’re excited to be marketing a number of high-quality homes across multiple developments that provide excellent short-term rentals.”

Short-term rentals have reshaped the housing landscape, offering landlords an investment that ensures greater freedom, flexibility, and higher profits compared to traditional long-term buy-to-lets. Within a constantly evolving market, investors are being drawn towards alternative investments and are particularly attracted to properties within purpose-built developments that offer management, security and ultimately peace of mind.

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