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TODAY'S OTHER NEWS

The barn life – Cornwall holidaymakers snap up luxury homes

A set of luxury two, three and four-bedroom boutique barns have opened in Cornwall, offering a prime lifestyle investment opportunity.

Launched by holiday company Aria Resorts, the boutique barns are set within the green, lake-filled landscape at the 5-star Retallack Resort & Spa in one of the UK’s most popular staycation destinations.

Situated close to Cornwall Airport Newquay, Padstow and the botanic wonders of the Eden Project, the ‘timelessly stylish’ boutique-barns are designed by Notting Hill-based House Nine Design, blending architectural design and unique interior styling.

The luxury properties – complete with burnt black larch wood, floor-to-ceiling glass frontages, and some with rooftop hot tubs – aim to provide an elevated level of holiday retreat for holidaymakers, homeowners and investors alike.

Aria Resorts says the highly-lucrative Cornish staycation market is ‘at the core of its fast-growth business strategy’. This year, Cornwall was crowned the Best UK Holiday County/Region at the coveted British Travel Awards, proving that it is one of the ‘hottest’ UK holiday destinations.

The barn life – Cornwall holidaymakers snap up luxury homes

All of the boutique barns are mortgageable under Aria’s ‘investment product’ option, and holiday homeowners can enter the Aria Resorts’ Managed Lettings Scheme which allows participating owners to control how many weeks they let their property.

In addition, Aria Resort investors will benefit from the tax conditions surrounding furnished holiday lets (FHLs) – the tax term which covers a host of different types of activities linked to short-term letting of residential property.

So far, Aria has invested over £100 million in Cornwall and is set to invest another £50 million in the complete redevelopment programme of Retallack Resort & Spa. The demand for UK holiday properties shows no sign of slowing down, with investors attracted to the growing staycation trend and the tax benefits associated with holiday lets.

Recent surveys on the UK staycation market from bookings company Sykes Holiday Cottages, Mintel and Barclays Corporate Banking reveal that the Brexit factor is having a positive influence on people choosing more holidays ‘at home’ in the UK.

The ‘Sykes Staycation Index’, which uses booking figures, consumer research and data to reveal trends in the UK holiday market, shows that 66% of Brits enjoyed a staycation last year – a 10% rise compared to 2017.   

The barn life – Cornwall holidaymakers snap up luxury homes

Paul Nicol, sales director for Aria Resorts, comments: “We are absolutely delighted to bring these beautiful boutique barns to the market for all manner of buyers and investors.”

“All of the research from highly credible sources is showing that the UK holiday property sector is performing very well and has been resistant to the cloud of Brexit. So for those who choose to make a positive and secure a coveted luxury Cornish investment at this time, this is a fantastic financial opportunity." 

For further information on Retallack’s boutique barns, visit www.ariaresorts.co.uk.

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