![]() ![]() Combined with the projected 5.3% economic growth for 2022, this growing optimism offers both an increase in investment opportunities and the reassurance of a thriving economy. The rise of short-term rentals is not only set to continue benefiting the UK property market, it is also giving investors significantly more choice when it comes to property investment. The increasing appeal of ‘staycations’ has seen a boom in the short-term lets market, with suburban spots and coastal towns becoming hotspots for short stays. With travel restrictions easing and many industries reopening, forecasts anticipate that by the end of 2021, the economy will have expanded by 6.8% - a 5.7% increase on initial projections in just a few short months.ĭespite the loosening of travel restrictions, the regulations surrounding international travel have further propelled the property market. Although initial forecasts capped GDP growth at just 1.1%, the rollout of the Covid-19 vaccination programmes catalysed an economic recovery that has far surpassed expectations. Following the 9.9% contraction in the economy throughout 2020, the slightest growth in 2021 would have put the country on a brighter path for the year. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |