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Making your property rental pay

balchik-harbour_200_200 The economic crisis has ensured that we are all more focused on spending less and controlling household budgets. This has meant that those who have holiday homes in Bulgaria are looking carefully at costs and holiday rental returns.

This is particularly true for those who have a mortgage on their second property and want to ensure that rentals cover the monthly repayments.

We investigate some top tips to making your holiday home work for you.

Housekeeping. Aside from the income, it is essential that everything in the property is kept in top working order and the home is aired / heated / cleaned. A good property management company or housekeeper is a must.

More tourists opting for rentals

Annual results released today by HomeAway, Inc., world leader of the online holiday rentals market, reveal the emergence of the industry as an increasingly significant player in the mainstream travel market. The statistics highlight a 43% year on year surge in booking enquiries from the UK, with the number of Brits listing their properties on the company’s website also up 45% on the previous year. The rapid growth of the holiday rentals sector can be attributed to the access to market provided by HomeAway. Petra Friedmann, President of HomeAway Europe said: "Our latest figures confirm that we are a success story in today’s challenging economic climate - the company has been growing faster than any other major travel sector for several years now. We are excited about our growth prospects for 2010, as an increasing number of holiday home owners look to cover their costs with rentals and more cost conscious travellers discover the great value holiday rentals provide." In 2009, according to Comscore, European unique visitors to HomeAway sites increased 65% year-on-year, while visitors to the broad travel category increased by just 11%*. Additionally, a recent survey by HomeAway revealed that in the UK,

Britain Accommodation Guide

COTTAGES AND SELF-CATERING

One of the great appeals of a holiday in Britain is the sheer variety of accommodation available to those who are happy to cater for themselves. If you want to book for the school holidays, however, you need to act now – many of the best houses and cottages have already been snapped up, especially larger properties by the sea or in the national parks.

Historic properties

English Heritage (0870 333 1181; englishheritage.co.uk) A small portfolio of a dozen or so holiday properties in castles, priories and abbeys.

Making your property rental pay

More tourists opting for rentals

Britain Accommodation Guide

COTTAGES AND SELF-CATERING

Historic properties

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