Rental nightmare in coastal Cornwall (and coastal Devon, IoW)

[Wight Flight]

This one came on today.

Would have been £1400 last year.

I wonder if we have run out of wealthy Fulham renters?

https://www.rightmove.co.uk/properties/118821467#/?channel=RES_LET

[Libspero]

5 hours ago, Wight Flight said:

This one came on today.

Would have been £1400 last year.

I wonder if we have run out of wealthy Fulham renters?

https://www.rightmove.co.uk/properties/118821467#/?channel=RES_LET

I don’t follow local rents,  let alone West Country rents..  but that looks insane for what, in all honesty, is a pretty unattractive looking house 

[Wight Flight]

4 hours ago, Libspero said:

I don’t follow local rents,  let alone West Country rents..  but that looks insane for what, in all honesty, is a pretty unattractive looking house 

Location. Bembridge is the posh part, close to the beach and has a home office and parking / garage.

 

[eek]

13 hours ago, Wight Flight said:

This one came on today.

Would have been £1400 last year.

I wonder if we have run out of wealthy Fulham renters?

https://www.rightmove.co.uk/properties/118821467#/?channel=RES_LET

What would it have been in 2019, £900-£1000?

[Wight Flight]

19 minutes ago, eek said:

What would it have been in 2019, £900-£1000?

Hard to be accurate but I would think IRO £1,100

[Noallegiance]

23 hours ago, spygirl said:

Altus said there are now 70,729 homes in England classified as holiday homes which have been flipped to "commercial" premises, up from 56,102 just before the start of the pandemic in March 2020, and which are now entitled to £190.61 million in Omicron grants.

FFS

[Noallegiance]

11 hours ago, Libspero said:

I don’t follow local rents,  let alone West Country rents..  but that looks insane for what, in all honesty, is a pretty unattractive looking house 

That's a bargain where I come from.

I'll go further. That would be ideal for me for a couple of years at that price.

[Andersen]

I have friends on the coast in NW Wales and often spend a while visiting in the winter months. Locals explained a lot of the houses in the village are 2nd homes. Walk around the streets on a dark winters evening and see how many homes have no lights on.

Very few local jobs apart from seasonal tourist industry at min wage, no way for those folk to complete with city folk paying over the odds for a holiday home. It leads to a dying toen as locals whoare able to just leave the area ... Sad

[Wight Flight]

27 minutes ago, Andersen said:

leads to a dying toen as locals whoare able to just leave the area ..

You have that the wrong way round.

It is locals who aren't able to stay that are forced to leave.

[Wight Flight]

Interesting start to solving the problem.

Not sure if they need planning, but if they do the objections will be epic.

https://onthewight.com/go-ahead-given-for-20-new-two-bed-council-homes-to-provide-housing-for-families-most-in-need/?fbclid=IwAR0sjI2X5hLUqzvgMlWqslLuJs6LYrv5t-tmbSOCf-JPkDN_DMY8_9rvQGo

[eek]

10 hours ago, Wight Flight said:

Interesting start to solving the problem.

Not sure if they need planning, but if they do the objections will be epic.

https://onthewight.com/go-ahead-given-for-20-new-two-bed-council-homes-to-provide-housing-for-families-most-in-need/?fbclid=IwAR0sjI2X5hLUqzvgMlWqslLuJs6LYrv5t-tmbSOCf-JPkDN_DMY8_9rvQGo

Will need planning - although all objections do require names and addresses to be provided so it will be possible for local businesses to say bar those people blocking staff from living on the Island. 

[Bilbo]

Telegraph a few days ago.

Landlords in peril as holidaymakers ditch staycations for Europe

Scrapping of testing requirements has pushed UK holiday let cancellation rate to November 2020 lockdown levels

ByMelissa Lawford25 January 2022 • 12:13pm

Britain’s holiday let landlords face a wave of cancellations as international travel opens up and the first cracks start to emerge in the staycation boom. 

Cancellations for UK holiday bookings hit the highest level this month since the November 2020 lockdown. This excluded a peak in December when the surge in omicron cases triggered a spike before Christmas.

Travel companies are expecting a surge in bookings for overseas holidays after the Government abolished expensive tests for vaccinated travellers. As demand shifts abroad, British holiday let owners could suddenly be left high and dry.

Staycation cancellations between Jan 5 to 12 rose by 18pc compared to the previous two weeks, according to Guesty, a property management platform. 

It demonstrated the response to the Government’s announcement on Jan 5 that pre-departure tests for UK travel and day two PCR tests for UK arrivals would be scrapped.

The data suggests a change in a market that has so far only boomed, backed by a rapid expansion in lending. Analysis by Moneyfacts, a comparison website, shows there are now 231 mortgage deals for holiday lets, treble the number in August 2020 and a 25pc rise since September 2021.

Cancellations are also rising fast in proportion to bookings: in the second week of January, 36pc of nights were cancelled as a proportion of those booked, according to AirDNA, an analytics company. This was a jump from 31.6pc the previous week. 

Holiday let cancellations are rising despite falling Covid cases

Cancellations how at Nov 2020 level

 

Holiday let cancellations are rising despite falling Covid cases

%

End of interactive chart.

This rate was lower than the 82pc recorded in late December, but it is significant because it is now rising as Covid cases fall.

The shift will have big repercussions in Britain’s holiday home hotspots, where a rush to buy second homes and invest in the staycation boom has driven up house prices.

Jonathan Cunliffe, who runs an estate agency in Cornwall, said: “There is a lot of demand now but it is not as feverish. There is not the same urgency as when buyers were saying they had to have something for the summer. 

"Some buyers bought in Cornwall just because they couldn’t go abroad as they normally would. Some of them will no doubt now just go to the south of France.”

Holiday home values have jumped by 21pc since 2019
Average cost of a second home .Online viewings of foreign properties for sale jumped by 26.5pc between the last week of December and the second week of January, Knight Frank estate agents found. The level was 15.6 percentage points higher than in the same period in 2021.

So far the holiday let cancellations have been concentrated in near-term British holidays. Bookings for Easter weekend were down 7pc on the same period in 2019, according to Guesty. But summer bookings were up 35pc.

The holiday let boom has been so big, it will be a long time before it dissipates. Joe Stallard, of House and Holiday Home Mortgages, a specialist broker, said: “I’ve had my busiest ever start to January." 

Bidding wars have pushed up prices in holiday home hotspots
% of homes sold over

He added that lenders are expanding their affordability criteria, suggesting their confidence in the sector.

But agents are wary that the cycle is ending. “There is no way that the trend of the last year would continue and there will be all kinds of social problems if it doesn’t stop, it will be a good thing," said Mr Cunliffe.

[One percent]

8 minutes ago, Bilbo said:

Telegraph a few days ago.

Landlords in peril as holidaymakers ditch staycations for Europe

Scrapping of testing requirements has pushed UK holiday let cancellation rate to November 2020 lockdown levels

ByMelissa Lawford25 January 2022 • 12:13pm

Britain’s holiday let landlords face a wave of cancellations as international travel opens up and the first cracks start to emerge in the staycation boom. 

Cancellations for UK holiday bookings hit the highest level this month since the November 2020 lockdown. This excluded a peak in December when the surge in omicron cases triggered a spike before Christmas.

Travel companies are expecting a surge in bookings for overseas holidays after the Government abolished expensive tests for vaccinated travellers. As demand shifts abroad, British holiday let owners could suddenly be left high and dry.

Staycation cancellations between Jan 5 to 12 rose by 18pc compared to the previous two weeks, according to Guesty, a property management platform. 

It demonstrated the response to the Government’s announcement on Jan 5 that pre-departure tests for UK travel and day two PCR tests for UK arrivals would be scrapped.

The data suggests a change in a market that has so far only boomed, backed by a rapid expansion in lending. Analysis by Moneyfacts, a comparison website, shows there are now 231 mortgage deals for holiday lets, treble the number in August 2020 and a 25pc rise since September 2021.

Cancellations are also rising fast in proportion to bookings: in the second week of January, 36pc of nights were cancelled as a proportion of those booked, according to AirDNA, an analytics company. This was a jump from 31.6pc the previous week. 

Holiday let cancellations are rising despite falling Covid cases

Cancellations how at Nov 2020 level

 

Holiday let cancellations are rising despite falling Covid cases

%

End of interactive chart.

This rate was lower than the 82pc recorded in late December, but it is significant because it is now rising as Covid cases fall.

The shift will have big repercussions in Britain’s holiday home hotspots, where a rush to buy second homes and invest in the staycation boom has driven up house prices.

Jonathan Cunliffe, who runs an estate agency in Cornwall, said: “There is a lot of demand now but it is not as feverish. There is not the same urgency as when buyers were saying they had to have something for the summer. 

"Some buyers bought in Cornwall just because they couldn’t go abroad as they normally would. Some of them will no doubt now just go to the south of France.”

Holiday home values have jumped by 21pc since 2019
Average cost of a second home .Online viewings of foreign properties for sale jumped by 26.5pc between the last week of December and the second week of January, Knight Frank estate agents found. The level was 15.6 percentage points higher than in the same period in 2021.

So far the holiday let cancellations have been concentrated in near-term British holidays. Bookings for Easter weekend were down 7pc on the same period in 2019, according to Guesty. But summer bookings were up 35pc.

The holiday let boom has been so big, it will be a long time before it dissipates. Joe Stallard, of House and Holiday Home Mortgages, a specialist broker, said: “I’ve had my busiest ever start to January." 

Bidding wars have pushed up prices in holiday home hotspots
% of homes sold over

He added that lenders are expanding their affordability criteria, suggesting their confidence in the sector.

But agents are wary that the cycle is ending. “There is no way that the trend of the last year would continue and there will be all kinds of social problems if it doesn’t stop, it will be a good thing," said Mr Cunliffe.

I will be watching with interest how busy my town is this summer. The last two have been horrendous. Mind, the main problem seems to be the day trippers, out and about and paying nowt. 

[spygirl]

19 hours ago, Bilbo said:

Telegraph a few days ago.

Landlords in peril as holidaymakers ditch staycations for Europe

Scrapping of testing requirements has pushed UK holiday let cancellation rate to November 2020 lockdown levels

ByMelissa Lawford25 January 2022 • 12:13pm

Britain’s holiday let landlords face a wave of cancellations as international travel opens up and the first cracks start to emerge in the staycation boom. 

Cancellations for UK holiday bookings hit the highest level this month since the November 2020 lockdown. This excluded a peak in December when the surge in omicron cases triggered a spike before Christmas.

Travel companies are expecting a surge in bookings for overseas holidays after the Government abolished expensive tests for vaccinated travellers. As demand shifts abroad, British holiday let owners could suddenly be left high and dry.

Staycation cancellations between Jan 5 to 12 rose by 18pc compared to the previous two weeks, according to Guesty, a property management platform. 

It demonstrated the response to the Government’s announcement on Jan 5 that pre-departure tests for UK travel and day two PCR tests for UK arrivals would be scrapped.

The data suggests a change in a market that has so far only boomed, backed by a rapid expansion in lending. Analysis by Moneyfacts, a comparison website, shows there are now 231 mortgage deals for holiday lets, treble the number in August 2020 and a 25pc rise since September 2021.

Cancellations are also rising fast in proportion to bookings: in the second week of January, 36pc of nights were cancelled as a proportion of those booked, according to AirDNA, an analytics company. This was a jump from 31.6pc the previous week. 

Holiday let cancellations are rising despite falling Covid cases

Cancellations how at Nov 2020 level

 

Holiday let cancellations are rising despite falling Covid cases

%

End of interactive chart.

This rate was lower than the 82pc recorded in late December, but it is significant because it is now rising as Covid cases fall.

The shift will have big repercussions in Britain’s holiday home hotspots, where a rush to buy second homes and invest in the staycation boom has driven up house prices.

Jonathan Cunliffe, who runs an estate agency in Cornwall, said: “There is a lot of demand now but it is not as feverish. There is not the same urgency as when buyers were saying they had to have something for the summer. 

"Some buyers bought in Cornwall just because they couldn’t go abroad as they normally would. Some of them will no doubt now just go to the south of France.”

Holiday home values have jumped by 21pc since 2019
Average cost of a second home .Online viewings of foreign properties for sale jumped by 26.5pc between the last week of December and the second week of January, Knight Frank estate agents found. The level was 15.6 percentage points higher than in the same period in 2021.

So far the holiday let cancellations have been concentrated in near-term British holidays. Bookings for Easter weekend were down 7pc on the same period in 2019, according to Guesty. But summer bookings were up 35pc.

The holiday let boom has been so big, it will be a long time before it dissipates. Joe Stallard, of House and Holiday Home Mortgages, a specialist broker, said: “I’ve had my busiest ever start to January." 

Bidding wars have pushed up prices in holiday home hotspots
% of homes sold over

He added that lenders are expanding their affordability criteria, suggesting their confidence in the sector.

But agents are wary that the cycle is ending. “There is no way that the trend of the last year would continue and there will be all kinds of social problems if it doesn’t stop, it will be a good thing," said Mr Cunliffe.

Turkey.

Every fuckers going to Turkey.

Fuck Spain - 

https://www.bbc.co.uk/news/business-60308259

 

 

[Wight Flight]

The welcoming committee are becoming less welcoming...

https://m.facebook.com/groups/400924863674207/permalink/1394936167606400/?m_entstream_source=feed_mobile&anchor_composer=false

[spygirl]

3 minutes ago, Wight Flight said:

The welcoming committee are becoming less welcoming...

https://m.facebook.com/groups/400924863674207/permalink/1394936167606400/?m_entstream_source=feed_mobile&anchor_composer=false

No blacks, no Irish, no dogs ....

[spygirl]

To be honest, theres a steady stream of similar posts in Whitby.

Theres a huge number if people sho, I'd guess are living in social housing in shit holes  who suddenly go - I know what, I'll move to Whitby.

The concept that that theres no social housing and they dont have a pot to piss in, never mind 300k to buy a house, doesnt seem to cross their minds.

There are millions of people who are just kids, being looked after by Mummy DSS

[Chewing Grass]

9 minutes ago, spygirl said:

No blacks, no Irish, no dogs ....

Well that was the last two ticked.

[Wight Flight]

7 minutes ago, spygirl said:

No blacks, no Irish, no dogs ....

No Londers bemoaning the lack of sushi bars and a late boat back after a night in the West End.

The speed of change is extraordinary. I left Surrey to get away from these people.

[spygirl]

Just now, Wight Flight said:

No Londers bemoaning the lack of sushi bars and a late boat back after a night in the West End.

The speed of change is extraordinary. I left Surrey to get away from these people.

Shes from Brum.

Normally they end up in Weymouth.

[Wight Flight]

3 minutes ago, spygirl said:

Shes from Brum.

Normally they end up in Weymouth.

Probably won a speedboat on Bullseye and wants to move somewhere she can use it.

[Bobthebuilder]

10 minutes ago, Wight Flight said:

The speed of change is extraordinary.

Dorset is the same. I have been visiting the place for decades, just too many people now, and generally they are not nice people.

I nearly got run over by on a footpath by some wild camping twat in a VW last summer. He was on private land as well.

[Wight Flight]

6 minutes ago, Bobthebuilder said:

Dorset is the same. I have been visiting the place for decades, just too many people now, and generally they are not nice people.

I nearly got run over by on a footpath by some wild camping twat in a VW last summer. He was on private land as well.

It isn't the volume of people I object to. In a holiday location you expect that.

It is those that move here because of the life the Island offers, and then set about moaning about it and trying to change it that piss me off.

[spygirl]

TCs could have been designed for coastal economies - and I use economies in its widest turn.

Lots of PT, low paid work, with the option of cash in hand top ups

Whitby has seen loads of out of town bennie seekers pour in.

Any change to hours i..e bump up to 30+ will see the bennie seekers disappear, just because tourist/coastal areas dont provide many FT jobs.

 

 

 

[One percent]

Interesting article in York press

https://www.yorkpress.co.uk/news/19919089.now-virtually-impossible-many-rent-privately-york/?fbclid=IwAR13nHYQvty6k_XaJ3S9oFyIp34EklHNl-7KLMks7Z4pw5_KQQoiYu1ovVI

 

IT has become ‘virtually impossible’ to rent a home privately in York if you are on benefits, the head of the city’s Citizens Advice Bureau says.

Spiralling rents, driven by a combination of demand, house prices and the number of properties used for Airbnb, mean private rentals are beyond the reach of those on benefits, says Fiona McCulloch.