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Added 17/12/09
Long haul holiday homes set to become more popular in 2010

 


Overseas property investment news - Fly to let Fly to Let holiday property investors with holiday homes in long haul destinations could see business increase as more Britons look to go further afield in 2010.

Despite tightening the purse strings in 2009, latest research into travel patterns shows that holidaymakers have more confidence in the economy and are willing to fly further for their breaks.

In 2009 travellers were more cautious with their jet setting, with seven out of the top 10 destinations situated in Europe. However, 2010 sees a more positive outlook with an increasing number of travellers booking long haul trips across the Atlantic as the green shoots of the recession start to appear.

The pull of eastern culture is still appealing to British travellers with Istanbul once again featuring as a popular destination for the forthcoming year. Titled the ‘European capital of culture’ for 2010 by the EU, Istanbul is set to provide visitors with a colourful array of art, parades, dancing and traditional folk rituals and is considered to be one of the best value for money destinations for travellers.

According to e-bookers the top 10 destinations for 2010 among its customers are Istanbul, Honolulu, Miami Beach, Cape Town, Las Vegas, New York, Orlando, Rome, Venice, and Dubai.

Ben Reynolds, Head of Marketing for ebookers.com, said: ‘’This year’s list reveals that people are still visiting old favourites such as New York and Rome, but that travellers are keen to head further afield to the cultural hotspot of Istanbul and the sun kissed beaches of the States.”

The 2010 World Cup will also see thousands of fans looking for hotels and holiday home rentals in Cape Town.

Reynolds added: “With England making it through to the World Cup we knew there would be an increase in flights heading to South Africa, but what the current 2010 bookings data shows is that people are waiting until nearer the event to book accommodation which could leave thousands of football fans short of somewhere to sleep!”

Despite talk of excellent bargain opportunities for property investors in Europe and the green shoots of recovery, fly to let holiday home owners and others who bought homes for their retirement are selling up in their droves and moving back to the UK claims an international removal company.

The weak pound has increased the cost of living in the Eurozone leading to an uplift in demand for removal quotes from home owners in Europe wanting to move belongings back to the UK.

The number of people requesting quotes from reallymoving.com in the last year has increased by 37 percent, while there has been an 18 percent decline in the number of people moving from the UK to the continent in the space of a year.

The latest figures from the company show that Ireland is the top Eurozone country for residents heading back to the UK. In the past 12 months there has been a 75 percent increase in the number of removal quotes from those moving from the Emerald Isle to the UK.

Spain has also seen an exodus in the past year, with a 39 percent increase in the number of quotes to move to the UK. The property crash in the country has left many owners with depleted equity.



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