Navigating the New Rules Around Holiday Lets

In light of these regulatory changes, owners are returning to traditional methods of letting their property. Below are some of the main benefits of a traditional let compared to holiday and short term letting:

Stability and Consistency

Unlike holiday lets, which are subject to seasonal fluctuations and unpredictable demand, conventional letting offers a more stable and consistent rental income. With long-term tenancies, landlords can enjoy reliable cash flow without the peaks and troughs associated with holiday rentals.

Reduced Operational Complexity

Managing a holiday let involves a myriad of tasks, including marketing, guest communication, cleaning, managing turnarounds and property maintenance. In contrast, conventional letting typically requires less hands-on involvement, making it a more straightforward and less time-consuming option for landlords.

Lower Risk of Vacancy

Whilst holiday lets may experience periods of low occupancy, especially during off-peak seasons, properties rented on a long-term basis are more likely to remain occupied throughout the year. This reduces the risk of vacancy and ensures a steady stream of rental income.

Mitigated Regulatory Risk

The regulatory landscape surrounding holiday lets is evolving rapidly, with new rules and restrictions being introduced regularly. By opting for conventional letting, landlords can mitigate the risk of regulatory changes impacting their investment, as long-term tenancies can be managed by a Letting Agent