Will easing of travel restrictions mark surge in second homes?

The UK government announced the resumption of international travel, with details of its traffic light system, last week.

Although many in the travel industry were less than enthusiastic about the new guidelines, leading Spanish home builder Taylor Wimpey España points out that the Spanish second homes market will be one beneficiary of the resumption of international travel.

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España, commented, “ We’ve been in contact with a number of families during this latest lockdown who are itching to come and check out our second homes in person, having already completed virtual viewings and video tours. We’re expecting a very busy summer once families can finally put their plans into action.”

Travel industry experts are anticipating plenty of bookings when Britons are finally allowed overseas once more. One firm – Topdeck Travel – anticipates considerable movement around the globe from younger travellers. The company recently reported that 93% of young adults that it surveyed have an increased desire to travel as a result of the pandemic and lockdowns.

Meanwhile, Costa del Sol Tourism has flagged up the UK as offering more flights to Malaga than any other country between May and July, with seats available for 615,000 passengers between Malaga and 15 British cities.

For those who’ve already sated their wanderlust in their youth, second home ownership in a favourite destination is the perfect way to enjoy holidays as they grow older. Space, sunshine and safety are now the top priorities, according to the Taylor Wimpey España team. The firm has just reported an increase of 116% YTD for UK leads in March, signalling a solid rise in interest in second home ownership now that the country is getting close to the resumption of international travel.

“Plentiful space has become a key priority as a result of the pandemic. In particular, flexible space, which can suit working from home if need be or that can be used as leisure space at other times. Families also, of course, want to feel safe, which is why owning a second home can seem so much more attractive than booking a hotel stay right now. It offers a far greater degree of distance and privacy.” said Mr Pritchard.

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