Overseas property investors looking to secure a holiday home with rental potential should look to Spain and Croatia according to the UK's largest holiday home rentals website HomeAway.
Property in Spain is expected to continue to rent well as the destination proves as popular as ever with British holidaymakers. The company found that booking enquiries for Spain in 2011 were up 27% compared to 2010 and Malaga was the fifth most popular destination for holidays in the last quarter of the year. This trend is expected to continue in 2012.
The surprise rising star of holiday home rentals was Croatia, which experienced a 35% increase in property listings at the end of 2011 compared to the same period the previous year, as well as strong increase in booking enquiries, said HomeAway. The company expects that the Croatian property and travel markets will grow even further this year, as the country benefits from more UK flight arrivals and gets set to join the European Union in July 2013.
Monarch has announced flights from London Gatwick, Birmingham and Manchester to Dubrovnik, while Ryanair has also established a brand new route for 2012.