The cost of coastal homes has been steadily rising in recent years due to increased demand for holiday lets. This trend is being driven by a combination of factors, including the growing popularity of short-term rentals, the desire for a second home in a desirable location, and the increasing availability of online rental services.
Short-term rentals have become increasingly popular in recent years, as they offer an affordable and convenient way to enjoy a holiday. This has led to an increase in demand for coastal homes, as they are often seen as ideal locations for a holiday home. This increased demand has caused prices to rise, as more people are willing to pay a premium for a coastal property.
The desire for a second home in a desirable location is also driving up prices. Coastal properties are often seen as desirable locations, due to their proximity to the sea, and the potential for great views and access to beaches and other attractions. This has led to an increase in demand for coastal homes, as people are willing to pay a premium for a property in a desirable location.
Finally, the increasing availability of online rental services has made it easier for people to rent out their coastal homes. This has made it easier for people to make money from their holiday homes, and has led to an increase in demand for coastal properties. This increased demand has caused prices to rise, as more people are willing to pay a premium for a coastal property.
Overall, the rising prices of coastal homes are being driven by increased demand for holiday lets. This trend is being driven by a combination of factors, including the growing popularity of short-term rentals, the desire for a second home in a desirable location, and the increasing availability of online rental services. As this trend continues, it is likely that prices will continue to rise in the future.