Eastbourne homes have the UK ’staycation’ factor investors require

March 26, 2009 by OPPE News

staycation GW eastbourne UK PR A UK property developer is experiencing new interest in a plush new apartment scheme as investors take advantage of an expected rise in ’staycations’.

George Wimpey said the Regency Park homes development in Eastbourne, Sussex, was seeing increased demand as more Brits consider staying in the UK for a holiday due to the credit crunch.

With the pound losing value against the Euro and Britain in a recession, more people are expected to shun a holiday abroad this summer, instead opting for what has been branded a ’staycation’.

The Regency Park property development includes two bedroom homes with some boasting balconies and sea views, all close the local seafront and prime lets for investors.

Mark Pajak, Sales and marketing director for George Wimpey South East, said: “For anyone looking for a smart, modern property in a superb location with great views, the ‘Penshurst’ apartments at Regency Park tick all the boxes.

“And with record demand for UK holiday ‘staycations’, the investment appeal as a buy-to-let is also soaring as savvy buyers look to secure long-term assets. These are properties with universal appeal.”

Property in the development starts at £134,995 ($196,930), with the town of Eastbourne already popular with visitors thanks to shopping centres, seafront boutiques, and fashionable shops and restaurants at Sovereign Harbour.

This summer could see good news for owners of UK investment homes after council leaders also called on people to spend breaks at home.

The Local Government Association highlighted Britain’s range of holiday locations and owners of investment homes could also be boosted by tourism campaigns planned by several local authorities.