Gibraltar, Formentera and the Isle of Man top the list of the best areas to invest in a holiday home right now, according to holidaylettings.co.uk.
The UK’s vacation rentals portal holidaylettings.co.uk compiled its list of ‘Best investment potential for 2014’ by analysing the supply and demand of all the areas across its site.
The 10 areas experiencing the greatest growth in demand for private holiday rental accommodation year on year are:
1. Gibraltar
2. Formentera, Balearics
3. Isle of Man, England
4. Dubai, UAE
5. Southern Brazil
6. Lothians, Scotland
7. Isla Margarita, Venezuela
8. South Wales, Wales
9. Tangir, Morocco
10. Gozo, Malta
These areas are seeing demand outstrip supply to the greatest levels in 2013 – meaning that these areas could be prime locations to invest in a holiday home which provides strong rental yield.
Kate Stinchcombe-Gillies, spokesperson for Holiday Lettings, said that those considering purchasing a second home would be wise to investigate these up and coming areas. Those who already own a home in one of these places could look into making the most of owning a desirably located property.
“Peer-to-peer holiday rentals – where guests book accommodation from another person rather than a faceless organisation or hotel – are unfailingly in their popularity. Hundreds of new properties are added to our site every week as home owners realise the rental yield potential of their homes.
“The demand in these areas outstrips supply as we head into 2014. Those who own property in these areas may have unrealised income in their existing assets – while those people who are looking at buying a property as an investment should consider these areas while the demand is so high.”
Photo caption: Gibraltar.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
