Thursday, 3 February 2011

propertytalk Live! - 2011 – The year of the house swap

propertytalk Live! - 2011 – The year of the house swap

‘House swapping’ as an alternative to the traditional holiday is set to rocket this year – according to new research.

The findings from Lloyds TSB Insurance reveal that in total 1.6 million holidaymakers have arranged a house swap in 2011, twice the number that did so last year.

But it can be a risky business, with many home-swappers rushing into their trades without proper planning – meaning they’re ill-prepared should their fellow exchangers damage their property or possessions.

This negates the primary reason for many of the swaps, with more than half of Brits (51 per cent) opting for a home-exchange as a cost-effective holiday alternative.

This may be why the top house-swap hotspots can be found so close to home, with Cornwall (34%) topping the list of exchange destinations. Devon (19%), Scotland (16%) and the Lake District (16%) have also proved to be firm favourites.

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