With the advent of cheap flights to most holiday destinations and a plentiful supply of accommodation to rent, more people now take their holidays in self catering apartments and villas than package tours.
Staying in a private villa gives you more freedom than a hotel. You can choose which food you want to eat watch your own TV, keep your own hours, and there’s plenty of room around the pool. The only downside is you have to tidy up when you leave – there are no servants to do that for you!
The boom in property prices worldwide has also provided a lot of accommodation to choose from, as owners have used equity in their homes to invest in a holiday home. Many owners stay in their holiday home during their vacation, then rent out the property at other times.
Is buying a holiday apartment a wise choice? First, let’s consider alternative places for your savings. The stock market has being going nowhere for several years and many experts are talking about a long term downward move. Of course there’s always the bank but the return there is very low. The value of property may go down in the short term but it has always bounced back in the past and buying at a lower price is attractive; and property, unlike some stocks and shares, will never go out of business!. Don’t forget you can use a second home for your own holidays, a perk not available with a savings account!
So, if you decide to buy a holiday villa the next question is where to buy? Some areas attract holidaymakers all year round, and some just during the summer months. The weather is the reason of course. The favourite winter holiday destination for Europeans is the Canary Islands where average temperatures vary little all year and a villa or apartment in Lanzarote, Tenerife, Gran Canaria or Fuerteventura should prove a worthwhile investment. Holiday accommodation here will attract visitors all year, so the rental income is going to be higher than you would expect from, say, a cottage in Cornwall. Florida too gets visitors in the winter especially if you buy a villa in Orlando close to Disney World and the other theme parks.
If you decide to invest you will of course need to advertise your holiday accommodation to attract holidaymakers. The best way is on one of the internet sites that specialize in such advertisements and most holidaymakers now use the internet to book their flights and accommodation.