They reported a 2.6% increase in this type of investment reaching just below 250,000 homes in the UK. The growth has been spurred by a growing demand for rental holiday homes that is attracting a host of buy-to-let investors. In addition, we are starting to see an interesting trend where, due to the recession and weakening GBP, more people are opting to holiday in the UK rather than going abroad. This trend is certainly good news for the many coastal towns that were hit hard when Brits started to holiday in warmer destinations such as France and Spain.

Buy-to-let investments have always been a popular investment choice, however they took a hit at the hands of the credit crunch back in 2007. More recently, the property market has started to show positive signs of revival and buy-to-let does not seem to be any exception. One of the main reasons for this is the historically low interest rates which allow many investors to get a good rate of return compared to many other low performing investment options.

It is worth noting that second homes that are furnished may currently qualify for tax breaks, however they are under review. One of the key considerations is the number of days a property is let for during the course of the year. If this is something you are thinking of, it’s certainly worth checking out the regulations and how you would qualify for these breaks.

So where are the most popular destinations for a second home? According to the report Devon and Cornwall feature high on the list which is unsurprising given their scenic beauty and proximity to the coast. These locations have always been attractive holiday destinations and it looks likely that they will remain so for some time to come.