Skip navigation

Canada is steaming ahead as the latest holiday home investment hotspot according to the most up-to-date figures from holidaylettings.co.uk the UK’s No.1 holiday home rental website. Canada , followed by Thailand and Greece has shown the greatest growth in the volume of holiday homes advertised for short term let since November 2007[1], demonstrating a turn towards destinations further afield when seeking more reliable rental yields.

Analysis by holidaylettings.co.uk of the Canadian tourist season and average rental rates has concluded that despite higher than average house prices (typical around £280,000)[2], the length of season for attracting holidaymakers is longer than average and rental rates are higher as a result of demand for and quality of the properties. Rental yield is projected at around 10 per cent for a mixed use investment based on 22 week occupancy, which compares favourably with 3-5% yield achieved by a similar calculation for properties in the European Alps. Yet with actual year round potential for attracting tourists/guests, the prospects for reaping even more rental income is significant.

Ross Elder, managing director of holidaylettings.co.uk, comments: “Canada seems to have it all in terms of attractions, amenities and real home from home properties. However, it probably needs to see lower transatlantic flight costs before it attracts Britons and Europeans more regularly. That said, it has North American holidaymakers on its doorstep and as an activity packed destination will appeal to both families and action heroes alike.”

-end-

Notes to Editors:
[1] Source: holidaylettings.co.uk Holiday Home Hotspots, February 2008
[2] Source: RightmoveOverseas.co.uk

For further information, please contact:
Kate Stinchcombe, PR Officer
kate@holidaylettings.co.uk
07791 114296 / 01865 312010

About holidaylettings.co.uk
holidaylettings.co.uk is the UK’s No.1 holiday home website providing the most effective online advertising for owners of private holiday homes. Attracting in excess of 1.5 million visitors each month, holidaylettings.co.uk is a user-friendly search tool for holidaymakers to book self-catering accommodation direct with owners.

This press release was distributed by ResponseSource Press Release Wire on behalf of Holiday Lettings in the following categories: Home & Garden, Construction & Property, for more information visit http://pressreleasewire.responsesource.com/about.