HOLIDAY park bosses say they are seeing a spike in so-called staycations and holiday home sales – thanks to Brexit and the plummeting value of the pound.
Prime Minster Theresa May is likely to trigger Article 50 this Wednesday (March 29th) and start the countdown to Britain’s exit from the EU. It is likely that this announcement will see the value of the pound fall once again.
This is good news for Europeans wanting to holiday in this country (as they get more pounds for their Euros) but bad news for us Brits wanting to holiday on the continent, which has suddenly become a lot more expensive.
Perhaps that’s why more of us are choosing to holiday at home – the ‘staycation affect – and why more of us are also investing in holiday homes in the UK.
Studies say that the cost of foreign holidays will increase by as much as 20 per cent because of the pound, and a report by holiday deals site Travelzoo found that four out of five British travel companies will be announcing price hikes this year, reported the Daily Mail.
‘All the signs are pointing in the direction of price rises for many popular destinations,’ says Travelzoo’s UK managing director Joel Brandon-Bravo.
John Bunn, whose family has owned and run a 300-acre holiday and leisure complex on the Sussex coast since 1959, said he has noticed an upturn since the Brexit vote.
“We not only saw increased enquiry levels for holidays after the Brexit vote but also more people asking about caravan ownership options.”
Bunn Leisure home ownership prices start at £7,995. “A family of four could easily spend that going to Florida or on a fly-drive villa holiday in Spain,” John told the Daily Mail.
“They feel that by spending the money here, they’ve got something they can visit whenever they want.”
Other inexpensive park homes can be found at Medmerry Park, on the West Sussex coast. Prices there start from £5,500.
And at the other end of the South Coast – and price range – South West Holiday Parks has 16 homes that recently came on the market.
The lodges at Portland Drive on the Coast View park in the hills above Shaldon, Devon, face the sea. Prices start at £135,000.