The tourism benefits of a lower Euro

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CurrencyAs the Euro continues to weaken against the Pound, the Eurozone becomes more and more attractive for British tourists as their money now goes so much further. Also thanks to unrest and uncertainty in holiday hot spots such as Greece and Egypt, Spain should be set for another great year for tourists. Last year, Spain was also recognised as one of the cheapest holiday destination by The Post Office survey and with favourable exchange rates, this is set to get even better for tourists and make Spain a really attractive option for holidays in 2015, good news for property owners renting their holiday home.

At HomeCareontheWeb, we are seeing both an increase in visitors, but also a growing demand for holiday rental properties on the Costa del Sol, particularly from the family market. They enjoy the flexibility of a home from home where they can cook, relax and let the kids feel settled whilst they are on holiday, and we have been providing this for the last 11 years. Last year we saw a 35% increase in holiday rental bookings, and are always looking for quality properties to meet the demand.

If you own a property on the Costa del Sol and want to take advantage of the influx of tourists this year, then you should consider renting your property out for holiday rentals during the peak season from April to September. This can be highly profitable for home owners and a great way to maximise income from an investment when you are not using it. Particularly in demand are villas with pools and properties in a good location where you don’t need a car to reach shops, bars and amenities. We have a guide on what to consider when renting your property which can really help if you’re thinking about taking this step. If you have a holiday home in Spain which you think would fit the bill, please call + 34 952 83 95 95 or email info@homecareontheweb.com

If you are from the UK, then you can open a Spanish bank account to keep your rental income in so you don’t have to convert the money whilst the Euro is so weak and then you can enjoy that the next time you visit your property, or transfer it when the Euro recovers. Make sure you shop around though, many Spanish banks have a lot of charges for their accounts which you may not expect.

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