Published: 9th September 2013
With over 80% of the people who invest in property overseas seeking to generate rental income from their property, the new figures released by the holiday rental company Holiday Lettings will undoubtedly be of great interest to the users of Pureproperty.tv. The latest report shows a 20% increase in demand for villas and cottages in comparison with March 2010. The figures also go on to show a 54% increase for holidays booked in February, and a 55% increase in demand for rental property during the Easter bank holiday in April.
The rental property in the Balearic Islands is proving to be particularly popular, with interests throughout Spain also seeing increases from people seeking short-term rental properties. It is thought that this increasing demand for short-term rental properties will continue as increasing numbers of families seek more economic ways to accommodate family units.
With the cost per person being significantly lower when renting a holiday home (in comparison with staying in a hotel), the demand for short-term rental properties throughout the major tourist destinations seems set to continue, particularly during the school holiday periods. Indeed the figures went on to show, that on average over 70% of the people choosing to rent holiday homes have young children, something which only bodes well for people seeking to generate rental income from larger properties overseas.