Luxury cottage rentals readjusting post pandemic. When the pandemic started and no one could travel demand for cottage rentals surged. Demand was so high that prices more than doubled. Many who never wanted to own cottages because they wanted to travel bought cottages so prices surged. Now stuck carrying these cottages with higher carrying costs due to inflation and increasing interest rates, cottage owners are trying to subsidize with renting. Also, people are travelling. Hence less demand for rentals, more supply and readjustment of prices.

We will see how many cottages come for sale as those who are not really cottage people decide that owning a cottage is just too much work and too expensive. It’s not for everyone.