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Tourism boosts overseas rental market
The growing popularity of foreign holidays is boosting demand for rental accommodation in Europe, experts have revealed.
According to Holiday-Rentals, many British consumers are hoping to go on more than one trip overseas every year.
This was said to be leading to lots of interest in renting holiday homes in the most popular destinations, as many people wanted to be based in the heart of their chosen destination.
Holiday-Rentals commented: "As we increasingly want more authenticity and flexibility, self-catering holidays that provide a closer-to-the-action experience are soaring in popularity."
The organisation highlighted France as one of the most popular destinations, along with Spain and Cyprus.
As a result, Britons who own holiday homes in these places will be benefiting directly from high occupancy rates and strong rental yields.
According to official data, almost 850,000 Britons now own a second home outside of the UK, with many of them being let out to holidaymakers.
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