The coastal towns of Britain may become unaffordable for locals

Saturday, January 6, 2024

The post-pandemic situation has led to soaring prices for short-term holiday stays in coastal towns in Britain. Locals are finding it difficult to adjust in accordance with the budget. They are left with no option but to seek someplace else. 

The short-term holiday stays continue to soar alongside the sudden demand that has pushed the average cost relating to the housing in coastal areas of Devon that the locals are unable to pay. 

Due to the pandemic, people are now harbouring a demand for a remote place to getaway that is far from the madding crowd.

The exorbitant demand has caused an increase in average accommodation prices in Devon’s coastal regions beyond what the average person can afford.

Ms. Hookway, who is one of the residents, told the media that she does not blame landlords for making sound financial decisions, but the lodging standard has gotten worse as a result.

In North Devon, the number of properties switching from semi-permanent rental to short-term rental increased at a higher rate. 

However, Simon Jupp, Conservative MP for East Devon, told the media that he wants to see the authorities move more quickly in this area.

For coastal regions, lodging is expected to play a significant role in the upcoming general election.

According to research conducted by The Fabian Society, 108 constituencies in England and Wales that include even the smallest coastal municipality would, for instance, have an ardent lodging policy that tackles the problems that coastal communities are facing currently.

Short-term rentals frequently bring in more money for landlords than long-term tenants do.

Currently, most of these coastal regions are Conservative strongholds; this is to be expected given that the coalition has lost a substantial portion of its majorities on this issue.

The government is soliciting public comments on a new short-term rental registration program that it asserts will give local governments data that will allow them to assess the impacts caused by a substantial number of short-term rentals.

[Image Source: Sky News]

« Back to Page

• Torrential rainfall to batter travel in Britain

• The people of Britain are still in shock after Storm Henk 

• Following Storm Gerrit, the U.K. will experience storms and rain once more

• Baileys takes the crown as Britain’s favourite festive tipple

• VisitBritain puts importance of business events sector in spotlight