The number of holiday let mortgages has doubled since August 2020, according to mortgage platform Haysto. Furthermore, the site found a record number of holiday bookings in the UK took place after the Government revealed its roadmap out of lockdown earlier this year. Haysto has looked at the latest Government data to find out which coastal areas had the most and least property purchases in 2020.
Another close contender last year was Bournemouth, Christchurch and Poole.
Bournemouth was recently named the UK’s most ‘Family Friendly Destination’ with five of its beaches achieving a Blue Flag award.
Nationwide, the area came in fourth place with 129.5 properties sold per capita.
Blackpool (129.5), East Riding of Yorkshire (126.5) and Devon (124.9) came in third, fourth and fifth place when it came to the number of property sales per capita.
Wales also had the largest annual house price growth last year out of all four nations.
Bath and North East Somerset is the second-lowest area for property sales, with only 96.1 per capita.
Carmarthenshire, Brighton and Hove and Gwynedd came in third, fourth and fifth position.
Paul Coss, Co-Founder and Specialist Mortgage Broker at Haysto said: “With holiday let mortgage products now at a pre-COVID-19 level and with an ever-increasing interest in UK holidays, it comes as no surprise to see potential buyers are looking at coastal areas nationwide.
“COVID-19 has made people more aware of what they’re missing and they are having to re-think their priorities.
“With the prospect of remote working continuing, it’s allowed consumers to move out of the big cities to more rural and idyllic locations.”