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Real estate investors urged to consider holiday seasons

27.07.2007

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British property investors looking abroad are being warned off purchasing buy-to-let in holiday destinations which can prove problematic out of season.

Locations such as Greece and Greek islands, Cyprus and Bulgaria have enjoyed increasing levels of tourism over recent years, with resorts and travel links springing up thanks to a thriving tourist trade from western Europeans.

However, Andy Welland, an agent for Propertyshowrooms.com, explained that many properties may be hard to rent out for landlords when the holiday season finishes.

He added: "When you come to smaller islands, like Crete, you'll find the flights drop off out of season.

"You'll then have to fly via Athens or the other major cities… [That's] obviously going to bump the prices right up, which doesn't make it as appealing."

On the other hand, emerging markets such as Estonia, Latvia and more established locations such as Spain and France have excellent transport links to the UK. Tallinn and Riga are among those cities benefiting from regular low-cost flights from the UK via budget airlines, making travel easy and cheap for holidaymakers, businesspeople and property investors.


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