Holiday home investors can be sure of a good customer base in Spain as a new survey reveals more Brits than ever are naming the country as their top summer destination.

Other highlights of the Q3 Marketplace Report from HomeAway.co.uk include Dubai and Thailand enjoying considerable increases in holiday lets, and rentals proving the top choice for Christmas breaks.

The study found that in terms of the number of booking enquiries for vacations in Q3 2011, Malaga Province and Majorca claimed first and second place, followed by Ibiza in sixth place.

There was also a clear preference towards short-haul breaks, with nine out of the top 10 destinations for summer 2011 holidays being either in the UK, or within a three-hour flight away.

Dubai and Thailand both experienced a considerable growth in property listings on HomeAway.co.uk, increasing the number of holiday rentals available to travellers in these destinations.

Dubai was the third best performing destination, with a 46 percent year on year increase in listings.

Growth in interest from holidaymakers was also strong; the region saw a massive 86 percent year-on-year increase in booking enquiries during the quarter compared to Q3 2010.

Thailand also performed very well, with a 43 percent year-on-year increase in listings, which suggests a growing number of Brits are investing in this developing property market. Booking enquiries from holidaymakers also grew by a steady 32 percent.

Following the Government’s announcement to end council tax benefits for second home owners, HomeAway.co.uk asked holiday home owners advertising on its site how this might affect their rental rates.

Almost 70 percent of those surveyed said they didn’t intend to change their rates, although one in 10 indicated they may have to increase rates by up to 10 percent to cover higher costs.

However, despite the difficult economic climate, almost one in five owners is thinking of buying another property in the next three years, according to the research.
The survey showed 80 percent would use the additional property for short term rentals, which suggests holiday rentals are still seen as a sound investment in uncertain times.

Backing this up, the study found 11 percent of people are planning to go away on holiday this Christmas and almost half will opt for a holiday rental versus 31 percent for a hotel.

A cosy cottage or farmhouse with roaring log fire would be the ideal Christmas holiday home for most people (38 percent) closely followed by a luxurious villa with pool (32 percent).

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