Beware the off-season, investors warned

Released on = July 30, 2007, 9:46 am

Press Release Author = Jimwatson

Industry = Real Estate

Press Release Summary = Those looking to invest in property need to be aware of the
issue of transport at certain times of the year, international property portal
propertyshowrooms.com has said.

Press Release Body = Those looking to invest in property need to be aware of the
issue of transport at certain times of the year, international property portal
propertyshowrooms.com has said.

Andy Welland, a spokesperson for the firm, said that while certain destinations in
Europe may seem attractive, one of the difficulties is that they have a limited
tourist season, outside of which it is difficult to get a flight.

Such a situation, of course, is no help to any property investor, not least those in
the buy-to-let market who could suddenly find they are limited in how much of the
year they can realistically rent out a property.

The countries Mr Welland had in mind with his comments included destinations such as
some of the smaller Greek islands or Bulgaria. Far better, he advised, to stick to
locations such as Cyprus, Spain and Portugal, all of which have better year-round
connections.

\"Accessibility is not that difficult [with Cyprus]. It\'s fairly straightforward to
get to,\" he said, adding that \"most of the major airlines\" are flying to the
country.

He said that while Cyprus has plenty of out-of-season flights, many Greek islands do
not, meaning that from October onwards many could only be accessed via a second
flight from Athens, which, he said can \"bump the prices right up, which doesn\'t make
it as appealing\".

What is true and advantageous about Cyprus is also true of the Iberian peninsula, he
added: \"This is why places like Spain and Portugal are still very appealing - you
can still get there all year round at very, very cheap prices. I think once you go
outside a three-hour flight-time then it gets very limited.\"

Investors looking for year-round returns can certainly benefit from this effect. One
key element of Cyprus, Spain and Portugal is that their climates remain sufficiently
benign to be attractive to those looking to escape the cold north European winter.

Iberia Nature makes this clear with a list of average temperatures for cities in
Spain, where cities with an average temperature (over 24 hours rather than just
daytime) in double figures in December include Alicante, Barcelona, Murcia, Sevilla
and Valencia. Just as importantly, Spain in particular is well known as a popular
destination with British investors, both in the rental and residential markets,
meaning winter flights will always be in higher demand. But with Cyprus and Portugal
equally well served for flights, it is clear that these countries also have an
advantage.

Mr Welland points out that winter rental income can help with the running costs of a
property. Clearly those who can rent out property in such places will be able to not
just maintain the standards of those properties but potentially use the income to
expand their portfolios.


Web Site = http://www.assetz.co.uk/

Contact Details = Assetz House, Newby Road, Stockport, Cheshire, SK7 5DA, 0845 400
7000, linkexchangeseo@gmail.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •