Tenerife Rentals - a great investment choice!
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Written by George
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Tuesday, 17 March 2009 |
A change in holiday habits and trends has helped make Tenerife rentals (long term rental or holiday accommodation)
a great investment choice. Tenerife is the most popular winter getaway
destination from the UK, beating the likes of Barbados, Egypt, Dubai
and Goa. Rental investors have noticed that the growing popularity
of private holiday rental has had a major effect on the profitability
of property investments in Tenerife and the other Canary Islands.
 It appears that the demand for package holidays has recentl receded and
is now being replaced by the growth of the independant traveller.
Technology, the internet in particular, has been a major influence on
our ability to be different.
The real winners in this attempt to be seen as different are the owners
of investment property, and the majority of owners are highly
optimistic about their projected earnings over the coming year,
expecting an increase on the previous one.
This change in holiday habits is already having an effect on the
property market in Tenerife. As demand rises for privately rented
holiday accommodation, so supply follows closely on its heels.
Increasing numbers of buyers are now listing rental income as an
important factor in their purchase. The BBC recently showed a
documentary on the subject and papers are running articles on Tenerife
rentals.
Of course, not every property is suitable for such an investment.
Tenerife investors need to take care in selecting the right property
for the best returns, with the minimum problems. There are many
factors to be taken into account, from the type of holidaymaker or long
term rental you might expect in the area you are considering, to the
rules of the specific community of owners. With experience of the
market, a well established and reputable Estate, or Rental Agent will
be able to advise and assist you. Needless to say, choosing which
agent you use is of paramount importance to the success of your
investment, so look for one which is long established with a good track
record, and any recommendations are always a positive sign. Correct
business advice right at the outset should lead to some lucrative
business in Tenerife. |
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Last Updated ( Wednesday, 18 March 2009 )
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