Overseas Holiday Home Buyers Missing Valuable Rental Income
In the overseas property investor world, renting properties is second nature, but many holiday home investors are not taking advantage of the profitable holiday periods.
Latest property research has shown that the majority of holiday homes lie vacant for up to 50 weeks a year, therefore failing to tap into a money spinning opportunity. Property research has revealed more than 30% of holiday homeowners only visit their properties a couple of times a year and fewer than 15% of owners have considered renting their holiday home.
Chris Green Project Coordinator at Obelisk comments, “Inflated property prices in the UK and Ireland means that many buyers have been priced out of their home market, hence a major shift in the volume of British and Irish buying abroad; both the seasoned property investor and the lifestyle buyer.”
“But so many property owners use their property exclusively and for such a short period, failing to tap into a huge income generator by renting out their property. Depending on the type of property, this can equate to an average £200 per week or £10,000 per year for a one bed roomed apartment. This in turn could fund any financial commitments for their properties at home or abroad.”
Rental income is a major benefit to those who own property in tourist and business areas. Property owners can take advantage of returns created by overseas property investment via renting in a buoyant market.
However, many holiday homeowners dislike the idea of renting their home to strangers in the event of damage and inconvenience of administration. However, property management companies who offer services such as drawing up contracts, marketing via different media channels, and maintaining and cleaning the property, take away these common fears.
Obelisk’s free global property reports provide overseas property buyers with a wealth of user-friendly knowledge such as a country’s purchasing procedure and the potential rental and resale financials, to equip all types of investor.
Obelisk is currently in the process of completing the 2008 reports with Bulgaria, Brazil, Northern Cyprus, Turkey, and Slovakia already available on Obelisk website. These guides show key market indicators for the coming year, new rental figures plus the tourism and local market data creating the profits.
Mr Green concludes, “Our reports guide both the practised and the lifestyle investor through the crucial factors, governing a countries potential for an overseas property investment. The purchase process is set out to give the user a clearly defined view of how it all works along with all important revenue prospects.”
For more information on overseas property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on:
0808 160 0670 (UK) or 1800 932 514 (IRE)
Email info@obeliskinternational.com
Visit our website: http://www.obeliskinternational.com/
Press Office: Tel: 0808 160 1005 or email press@obeliskinternational.com
Latest property research has shown that the majority of holiday homes lie vacant for up to 50 weeks a year, therefore failing to tap into a money spinning opportunity. Property research has revealed more than 30% of holiday homeowners only visit their properties a couple of times a year and fewer than 15% of owners have considered renting their holiday home.
Chris Green Project Coordinator at Obelisk comments, “Inflated property prices in the UK and Ireland means that many buyers have been priced out of their home market, hence a major shift in the volume of British and Irish buying abroad; both the seasoned property investor and the lifestyle buyer.”
“But so many property owners use their property exclusively and for such a short period, failing to tap into a huge income generator by renting out their property. Depending on the type of property, this can equate to an average £200 per week or £10,000 per year for a one bed roomed apartment. This in turn could fund any financial commitments for their properties at home or abroad.”
Rental income is a major benefit to those who own property in tourist and business areas. Property owners can take advantage of returns created by overseas property investment via renting in a buoyant market.
However, many holiday homeowners dislike the idea of renting their home to strangers in the event of damage and inconvenience of administration. However, property management companies who offer services such as drawing up contracts, marketing via different media channels, and maintaining and cleaning the property, take away these common fears.
Obelisk’s free global property reports provide overseas property buyers with a wealth of user-friendly knowledge such as a country’s purchasing procedure and the potential rental and resale financials, to equip all types of investor.
Obelisk is currently in the process of completing the 2008 reports with Bulgaria, Brazil, Northern Cyprus, Turkey, and Slovakia already available on Obelisk website. These guides show key market indicators for the coming year, new rental figures plus the tourism and local market data creating the profits.
Mr Green concludes, “Our reports guide both the practised and the lifestyle investor through the crucial factors, governing a countries potential for an overseas property investment. The purchase process is set out to give the user a clearly defined view of how it all works along with all important revenue prospects.”
For more information on overseas property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on:
0808 160 0670 (UK) or 1800 932 514 (IRE)
Email info@obeliskinternational.com
Visit our website: http://www.obeliskinternational.com/
Press Office: Tel: 0808 160 1005 or email press@obeliskinternational.com
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