Rental Investments

Rental Investments
With 2016 being commended as a historic year for Portugal, led mainly by the popular Algarve, there are very high expectations for tourism and travel in 2017 for the Algarve.  
 
What better way to acknowledge this than receiving not just one, but five tourism “Oscars”, including “Best Tourism Board” for the second year in a row. Ultimately making the Algarve the big winner of the 2017 Publituris Travel Awards, which took place on 21st September.
 
Looking back to the period between January to May, the growth rates were yet again strong and had increased remarkably compared to the same period in 2016. According to leading indicators, the income acquired within this duration totalled €240million in comparison to the €200million for 2016, indicating a significant growth of 19.7%.
 
For overnight stays, the amount in January to May 2016 was 5.2 million whereas in 2017, for the same time period, it had risen to 5.7 million, showing an increase of 9.5%.
 
In 2016, Faro airport recorded just over 7.6 million passengers arriving into the Algarve, this figure was up 18.5% on 2015. In the first 8 months of 2017, (January-August) over 6 million passengers had arrived into the Algarve, up 13.9% over the identical period for the previous year, which recorded 5.3 million passengers. These figures are a clear indicator of how Portugal’s tourism, mainly the Algarve, is growing annually.
 
More and more homeowners are making the decision to rent their homes during the peak seasons, allowing them to generate some rental income due to the growing popularity of the Algarve. The number of homes being purchased based purely on an investment purpose are increasing also, especially with the financial incentives being issued by the Portuguese government, giving individuals the motivation to act now and reap the benefits that are graciously being offered. 
 
Ideal Homes Rentals Package helps ensure your property is seen by would-be holidaymakers in the competitive rentals market, along with taking the stress out of the bookings process - meaning you can sit back, relax and reap the benefits. Some of the services provided are as follows;
  • Arrangement of adverts placed across an established network
  • Full rental administration
  • Deposits, payments etc paid seamlessly into you account
  • Flat rate commission