13 Jul

'Staycation' trend boosts houses for sale in Cornwall

'Staycation' trend boosts houses for sale in Cornwall

Property for sale in Cornwall may prove popular with buyers looking to invest in a holiday home, research shows.

Second home ownership in the south-west of England reached a record high in 2010 as the staycation trend continues, Knight Frank has announced.

The property firm says across England, the number of people buying second properties also increased compared to 2009 figures.

Demand for larger houses for sale in Cornwall looks set to rise in the coming months, as families choose to holiday together – with grandparents, children and grandchildren, the report found.

Landlords with holiday houses to rent in Cornwall and across the south west also look set to benefit from the UK holiday boom.

Demand for holiday lets rose by 70 per cent in the early months of 2011 when compared to the same period in 2010.

Grainne Gilmore, head of UK residential research at Knight Frank, said more buyers are opting for a second home in UK.

"The possibility of letting out the property when they are not staying also means that it becomes an investment as well as a luxury," he explained.ADNFCR-1222-ID-800621046-ADNFCR

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