- Credit: Archant
Advertorial for FRANCE Magazine
Make money from your second property.
There’s no better feeling than realising the moment when your dream of buying a holiday home becomes a reality. For a few weeks or months each year you might escape there and holiday with family and friends. But for the rest of the year? Chances are it just lies empty, while you still have to cover the costs
With the rise in popularity of private holiday rentals with holidaymakers, many homeowners 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.
The level of demand you can expect varies from region to region, with holiday homes in popular areas attracting a higher level of bookings. The increase in cheap flights routes and the convenience of the Eurostar trains to France has made the country even more accessible for British tourists, opening up new destinations in turn. France is still one of the UK’s favourite tourist destinations and recent marketing campaigns that have promoted its cultural and geographical diversity have widened its appeal beyond the traditional coastal holiday to city, cultural and activity breaks. Holiday homes are now popular for all types of getaways worldwide.
Whether you want to rent out for a few weeks to cover some costs, make your retirement home pay for itself, or you dream about a career change or living abroad, letting your property could be the answer.
Ilan Morris bought two properties several years ago and was renting them to students, but this wasn’t making any him money and he was still relying on teaching to make a living. He explains, “I realised switching to holiday rentals was key. Renting the properties online via HomeAway.co.uk opened the door for me. It means you don’t have to use an agency that will take a big commission, and the cost of my yearly listing is covered with just one booking.”
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Popular UK destinations and holiday rental income statistics:
1. Cote d’Azur - Riviera
Average rental income per week in low season: £537, in high season: £1,461
2. Ile-de-France (Paris region)
Average rental income per week in low season: £1,123, in high season: £1,866
3. Cote d’Azur – Provence (Nice)
Average rental income per week in low season: £447, in high season: £1,395
Average rental income per week in low season: £375, in high season: £712
Average rental income per week in low season: £427, in high season: £831
Average rental income per week in low season: £329, in high season: £605
Average rental income per week in low season: £337, in high season: £568
Average rental income per week in low season: £423, in high season: £718
(figures based on volume of enquiries in 2013 and rental rates of 2 bed properties advertised in UK on HomeAway.co.uk)