3 reasons why you should invest in property in South Ayrshire.
Been thinking about investing in property and not sure where to start? Well, let us tell you why we think South Ayrshire is the perfect place to launch your portfolio!
South Ayrshire is famous for its breath-taking coastline and sandy shores, but that’s not all it has to offer! The region has a diverse and vibrant economy, ranging from aerospace and engineering to tourism and retail as well as first class infrastructure which can get you to Glasgow within the hour.
The demand in the property market over the last 18 months has been strong and with demand outweighing supply that can only mean one thing…higher prices. However, don’t let that put you off, the demand for the rental market both long and short term has never been so strong. The birth of the staycation market has begun, and we want to explain why we think it’s a great time to invest in South Ayrshire.
Staycation Trends
Ever heard the word ‘Staycation’ before 2020? Us neither! One of the positives to come out of the pandemic is the increase in demand for local holidays and insights show they are not going away any time soon! Since April 2021, 53% of Brits have taken an overnight trip in the UK, over double of overseas overnight trips in the same period (21%). Between 2019 and 2021 the interest for the term ‘travel UK’ has increased by 140%, and 2022 seems to follow the trend. (Google Trends). Especially searched for destinations include traditional coastal/seaside towns (24%), countryside or villages (19%) and rural coastlines (18%). (VisitBritain)
All of the above indicates huge opportunity to us at Donnini Apartments!
Value for Money
In 2021, South Ayrshire saw house prices rise by 13.7%, putting nearly £20,000 on the asking price of homes versus the previous year. With interest rates on the rise to combat inflation there is speculation that the housing market may start to slow a little and the value for money that you can achieve in South Ayrshire is still strong. Rightmove published figures that properties in Ayrshire had an overall average price of £155,342 over the last year. With strong demand for both the leisure and corporate markets in relation to short and extended stays it provides high yields for potential investors in the serviced accommodation space.
Exciting future developments in Ayrshire
There is an abundance of exciting business developments planned in Ayrshire over the next few years. Local investment in infrastructure, services and an influx of potential visitors to the area will only bring positives to potential property investors!
Prestwick Spaceport and Oldhall Energy Recovery Facility are just a couple of such examples that we are already seeing benefit Donnini Apartments…
https://www.linkedin.com/feed/update/urn:li:activity:6917501235050754048/
…and don’t forget about The Open which returns to Ayrshire in 2024 when a surge of golfers and golf fans will descend on Royal Troon and the surrounding areas. This always offers a fantastic opportunity for property investors to generate some impressive returns!
At Donnini Apartments we are always happy to help potential investors in South Ayrshire. Whether that’s for that little piece of information on the best locations or for a meeting over a coffee to discuss whether the Donnini model is right for you. Simply get in touch via our property investment page and we’ll get back to you as soon as we can!
https://www.donnini.co.uk/property-investment/