The study shows how much you are likely to make in different parts of the UK
The Cotswolds has topped a new ranking of the best places in the UK to own a holiday let, according to a new report from Sykes Holiday Cottages. With annual incomes averaging £28,500, versus a UK average of £24,500, the region has taken the top spot away from Cumbria and the Lake District which has dropped into second place.
According to a poll of 500 UK holiday home owners commissioned for the report, 65% are worried about the recent changes introduced to the sector, with increased taxes causing the most concern. According to calculations by Sykes’ specialist tax advisory partner, Zeal, those that are impacted by this latest change – which isn’t planned until April 2025 – could lose an average of £1,890 a year in tax, based on an average mortgage balance in the UK of £189,000, and assuming they are a higher rate tax payer.
Graham Donoghue, CEO, Sykes Holiday Cottages, said, “Staycations have been growing in popularity over the past decade and right now demand for our UK holiday cottages is higher than ever, with the average annual income of a holiday let owner up as a result.
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