According to research from NatWest Bank, that much “needed“ holiday abroad doesn‘t always achieve what it sets out to do. Rather than being a time to relax and return home refreshed, a survey carried out by NatWest found that holidays abroad had the opposite effect - with millions of Brits returning home from their holidays exhausted by the rigours of organising the trip and dealing with the costs.
As a consequence, the bank states that three out of every ten people now consider buying a property abroad and that a quarter of these actually do go ahead and buy to avoid the stresses they suffer every year. As Mike Freer, spokes person from the Bank says “Holidays should be fun and relaxing but sadly this isn‘t always the case. The hassle and expense of arranging holidays can be hugely traumatic - from deciding where to go and remembering to pack everything but the kitchen sink, yet keeping under the new airline luggage weight restrictions. And the holiday itself can be spoiled by poor accommodation, meaning that Brits end up needing another holiday when they return!“ He goes on to explain that owning a holiday home “provides a permanent escape from the hassle and expense of holiday arrangements“ (Spanish Homes magazine, February 2008 Edition) and that “Buying a holiday home abroad is increasingly becoming the norm for British families.“
The study polled more than 2,600 UK adults, of whom one in eight said they did not enjoy the UK lifestyle. Mike Freer, head of business development at Natwest International, said: ‘It‘s evident from our research that many Brits intend to escape the hectic British lifestyle to enjoy a more relaxed standard of living overseas. As the days get shorter and temperatures drop, now is the time when many dream of a life abroad. Surprisingly however it‘s the ‘middle ages‘ most keen to make the move, perhaps prompted by demanding jobs and continuous warnings to plan for the future.‘
For those who buy a holiday home abroad and plan to let the property out, there is more good news - Spain is still popular with tourists and according to Ross Elder,Managing Director of Holiday Lettings, Spain attracts more than double the holidaymakers of any other country. “Spain has held on to its influential position in the minds of British investors despite the mid-year scare that knocked construction share prices and confidence in the Spanish property and construction industry.“ she says.
In 2007 Spain achieved a record year in visitors with over 60 million people visiting the country. As a response to the continued and growing holiday market, Spain has developed a new tourism plan, the Plan de Turismo Horizonte 2020 to deal with the impact tourism has had on the country by extending its holiday season and promoting the lesser known areas of the country.
According to the World Tourism Organisation (WTO), revenue from Spanish holidaymakers totalled a whopping £24.8 billion in 2006 making it the second largest earner from tourism in the world, after the US. For 2008, nearly 17,000 booking enquiries have already been sent to owners of Spanish holiday homes for for holidays next year and about 50% of these are enquiries for the months of July and August. “The investment market in Spain is as solid as ever“ says Ross Elder “because the demand for holidaying there simply continues and never looks likely to falter.“
Properties on Golf Resorts are becoming very popular with those investing in a holiday home in Spain, especially in the new “up and coming“ areas such as the inland region of Murcia, Spain<. Many investors are now turning to these inland regions as opposed to the over saturated coastlines. And golf resorts such as such as the Golf Resort Santa Ana del Monte< and Golf Resort El Castillo< host a range of modern properties - from two bedroom apartments to four bedroom detached luxury villas in a range of styles and at very competitive prices. The resorts host a range of fantastic sports and leisure facilities including professionally designed golf courses, equestrian centres, sports complexes, indoor and outdoor pools, commercial centres with top class bars, restaurants and shopping facilities - with everything right on the doorstep they make excellent holiday venues.
And “While the upfront purchase cost is a huge financial commitment, the long term benefits of holiday homes can be fantastic as they provide great investment potential, a wonderful lifestyle and a permanent escape from the hassle and expense of holiday arrangements. A holiday home can literally pay for itself. And while Spanish property market has seen substantial increases in prices over recent years“, Natwest International said “holiday homes in Spain remain good value“.
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