With the rise in popularity of private holiday rentals with holidaymakers, many owners are finding that renting out their property makes a substantial contribution towards running costs, or in many cases, enables them to ‘live the dream’ of a career change or permanent move abroad.
And it’s not just apartments and villas in the sun; demand for holiday rentals in the UK is just as strong, with London being one of the most popular destinations. Holiday homes are now popular for all types of getaways worldwide.
For Example, a 2 bedroom holiday rental in London could earn you approximately £1,547 (low season) and £5,457 (high season) per week in rental income.*
Our owners market their property for number of reasons:
• Offset mortgage and running costs for the property
• Earn short term rental income from a property waiting to be sold.
• More flexibility than residential letting, where longer contracts are common.
• Higher rental income by renting a property per week to holidaymakers.
Over half of holidaymakers use the internet for information and over 60% book their holiday online**. With the popularity of holiday rentals increasing, many owners are learning that renting out their property makes a substantial contribution towards running costs. The prevalence of holiday rental websites such as HomeAway.co.uk has made it far easier for holiday homeowners to advertise and rent their property to a global audience of holidaymakers.
If you are interested in learning more about holiday rentals or to find out just how much your holiday home could be making, visit HomeAway.co.uk/resources.
*Average price achieved based on a 2 bed property in London using the HomeAway.co.uk rental income calculator.
** Source: Mintel Holiday Review January 2012