Investing in Holiday Properties? Here's Why Facilities Management Matters
Everyone knows. The UK holiday property investment market is booming right now. This year the industry has seen some significant growth. The average annual income for a holiday let has reached £24,500 . A surge in demand is driven by the popularity of staycations. With the current economic climate this trend shows no sign of slowing. This means that more Britons choose to explore the UK rather than travel abroad for their holidays. Regions like The Lake District , which boasts a rental yield of 9.7% , and Cornwall , with a yield of 7.8% , are some of the most profitable locations for holiday rentals in the UK. But as attractive as these investments are, achieving success in this market involves more than simply buying the right property. Why? Because effective facilities management (FM) of your rental plays a very important role. The Vital Role of Facilities Management in Holiday Property Investments Facilities Management is essential in maintaining and enhancing the value of hol