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UK buy-to-let mortgage market adapting to short-term rental market
Reading Time: < 1 minuteUK: The growth of Airbnb and other vacation rental sites is forcing change within the buy-to-let mortgage market. A landlord seeking to switch their income model from traditional assured short-hold tenancy (AST) agreement to a vacation rental will be required to remortgage by their lender before they can change the use of their rental property. […]
Netflix launches series about vacation rental sector
Reading Time: < 1 minuteUS: The Netflix original series Stay Here debuted this week, focusing on the vacation rental industry. The show features interior designer and TV personality Genevieve Gorder and real estate expert Peter Lorimer showing short-term rental owners how to update their properties and increase their profits. Lorimer is the CEO and broker behind PLG Estates, a […]
Orian Research launches latest vacation rental industry report
Reading Time: < 1 minuteIndia: Orian Research has published its Global Vacation Rental Market Report 2018. The Global Vacation Rental market 2018 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The market analysis is provided for international markets including development trends, competitive landscape analysis, and key regions development status. Major industry […]
VillaKey launches offer for families with autistic children
Reading Time: 2 minutesUS: Vacation rental platform VillaKey has launched a collection of more than 100 properties suitable for use by families with autistic children. According to the US Centers for Disease Control and Prevention, 1 in 68 American children has autism spectrum disorder (ASD), and 11 million children have a developmental disability. VillaKey says that although research […]
Wyndham agrees sale of European rentals business for $1.3 billion
Reading Time: 2 minutesUS: Wyndham Worldwide Corporation has agreed to sell its European vacation rental business to Platinum Equity for around $1.3 billion. The European vacation rental business has entered into a 20-year agreement under which it will pay a royalty fee of one per cent of net revenue to Wyndham’s hotel business for the right to use the “by […]
Platinum Equity in pole position for Wyndham’s European rentals business
Reading Time: < 1 minuteUK: US investment firm Platinum Equity is reported to be nearing a £720 million deal to buy Wyndham Worldwide’s European vacation rental division. The sale involves brands including Hoseasons, Cottages.com and James Villas, which have a combined 4.4 million properties on their books. Platinum Equity is understood to have seen off a bid from CVC Capital […]
UK government examining holiday home loophole
Reading Time: < 1 minuteUK: The government is looking into a tax loophole that allows owners of holiday homes to avoid paying council tax and business rates. The home owners can convert the properties to business use and enjoy small business rate relief to avoid both charges. Conservative MP for St Austell and Newquay Steve Double, speaking at recent […]