Holiday investments

First National Real Estate is reporting that its offices around the country are seeing significantly renewed interest in, and activity around, coastal holiday homes.

The agency’s chief executive, Bob Brereton, said this could be attributed to investor behaviour and a return to confidence in coastal investment property.

Between 2003 and 2007 coastal property and holiday homes saw a strong rise in values but they fell out of favour after the Global Financial crisis, he said.

“They haven’t really featured as an investment option in more recent years. But it looks like that might be changing.”