A hospitality start-up company claims the Brexit vote adds to uncertainty in the sales market - and it wants vendors to consider using their properties for short lets in the increased time it takes to sell.
The firm, Hostmaker, says the popularity of short-let online platforms such as Airbnb and the recent increase in the tax free threshold for home owners renting their rooms mean that short lets are more feasible and profitable.
“A new breed of entrepreneurs have sprouted in the sharing economy space helping homeowners deal with lost income resulting from their property’s downtime” claims Hostmaker.
“Moving house is one of the most stressful times of people’s lives, coupled with the fear of potentially having to cough up for two mortgages in the same month can only perpetuate this, especially in post-Brexit’s property market” says a Hostmaker spokesman.
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With tenants offering certainty about vacant possession how long will any sale then take. There are many stories about tenants not vacating when asked.
An absolutely terrible idea that will stop property selling as the short-term tenants will provide an unneeded barrier to viewings etc.
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