Coast to Coast
With the arrival of Summer, we’ve seen encouraging signs of investment into some of our favourite British coastal areas. Second homes / holiday let investment properties are increasing in popularity with the rise of the ‘staycation’, and we are likely to see demand increase further from next Spring, once the pension rules allowing those over 55 to withdraw their entire pension. Whether purchasing as a long term investment, holiday home, or retirement home, coastal properties provide a versatile property investment, which might also provide some fun along the way!!
For these reasons, we like providing development funding in such areas, and have recently been repaid on two deals on the Cornish coast comprising 12 flats in Newquay and a pair of houses on The Lizard peninsula. We also have several other ongoing developments which we are funding in Cornwall. We are also funding a 13 house development on the Isle of Anglesey – the experienced builder sold the initial release of 10 within weeks of starting the development.