How the home market is recovering after the Holidays

The number of new holiday homes that have opened in England over the past 12 months is more than double that of the previous 12 months, according to new figures from the Department for Communities and Local Government (DCLG).

In the year to September 2018, there were 1,634 new holiday home developments, compared to 2,025 in the same period last year.

The figure includes all developments that were built from the start of the year until the end of September, and includes projects with at least 10 bedrooms and a bath.

Of those 1,000 developments, 1,093 are owned by the DCLG.

This is in contrast to the same time last year when 1,036 new holiday housing developments were registered.

In 2017, there had been a drop in the number of developments that opened, which the DLEG attributed to the summer holidays.

“This year, we are seeing a significant increase in the growth in the UK market as holiday home ownership increases,” a spokesperson for the department said.

However, they added that they are also seeing the growth of the UK housing market slowing, and the number that have reopened is lower than they were at the start.

As well as the growth, there has also been a reduction in the volume of new housing that has been built, with just over 8,000 homes being built in 2018 compared to 10,000 in 2017.

While the DBLG’s figures are a good start to understanding how holiday homes are opening up, the agency also highlighted the challenges they face, and how the number can be influenced by local factors.

“While it is good to see a continued increase in homebuilding activity, we do know that the local market is still largely driven by demand for holiday homes,” they said.

“We also know that while the UK homebuilding market is rebounding, it is not at the same level as it was just a few years ago.”

So we need to ensure that the UK holiday market remains resilient and that demand continues to support homebuilding.