Beach

JML Villas, a firm which advertises holiday apartment and villas in several European countries, advised holiday villa owners that winter time is the right time to consider about vacation for next year.

The company advertises holiday villas and apartments in Greece, Italy, France, Spain, United Kingdom, Cyprus, Portugal, Malta, Belgium, Ireland, Croatia, Bulgaria, Poland and Morocco.

The number of holiday rental properties in the continent is increasing; according to JML and that the right exposure of these properties could help generate additional revenues for owners.

To make this possible, company spokesman Philip Suter said that property owners should provide detailed and interesting description of their holiday villas and the neighboring locations in order to spark interest among readers.

On the other hands, British holiday homes owners will have to maximize on lettings next year because they might lose their holiday lettings tax relief by April. This movement, which awaits legislation, could affect more than 60,000 owners.

It has been reported by media outlets in Europe that the prices of holiday homes in Spain are dropping due to the financial crisis. This is in a bid to rekindle the interest of the public to go to the aforementioned country and purchase their property there rather than going to equally famous destinations such as Turkey.

Property experts revealed that many clients now prefer Mediterranean-based countries due to the sea, sand and sun. This is despite the fact that Spain can also offer these.

The major factor behind the decision by the buyers would be the price of the holiday homes. With properties in Spain starting to go down, it is likely that the property market will start picking up pace.

Emerging Real Estate Sales Director Robert Medd believes that it would be a great time for buyers to get a property in locations such as Cape Verde.

Europe-based holiday homes provider Interhome has secured an exclusive and lucrative partnership deal with Easyjet, a British low cost airline and also the fourth largest carrier in Europe. According to the deal, Interhome’s holiday home and apartment deals will now be featured on Easyjet’s magazines that are usually read by the passengers. The products and services will also be featured on the carrier’s websites as well. The partnership covers Switzerland, Germany, France and Britain.

Customers from the four countries can easily book their flights from Easyjet online and at the same time have the opportunity to search for holiday homes and apartments on the same site. This strengthened booking system has been implemented already in Britain and it will follow suit soon in the other three countries.

Simon Lehmann, Interhome Chief Executive Officer, said that he’s glad that the company is teaming up with a popular airline carrier because these days vacationers are looking for budget-friendly package deals during their travels. Having a “one-stop” shop for airline tickets and holiday home deals is a big boost on both companies’ businesses. He also noted that there’s a growing need for holiday homes due to expensive rates in hotels.

The British owners of holiday homes based in other countries in Europe will have a chance to get tax rebates, the same incentive being given to those who have vacation homes in their home country - United Kingdom. This benefit will last until April 5 next year.

Income from holiday homes will have tax rebates thus owners can write off any losses coming from their other income in other properties. With the global financial crisis going on, this piece of good news is a breath of fresh air.

Due to the temporary agreement set in this benefit, everyone is encouraged to take advantage of this opportunity as soon as possible.

The major criterion in order to avail of the tax rebate opportunity is that holiday homes must be offered for commercial use. It should be a holiday accommodation for at least five months within the one year period. This criterion is usually difficult to meet considering the hard times.

As for those who have holiday homes outside U.K, they are responsible in settling the tax set by the country. For those who still need clarifications, they are encourage to write or visit the nearest tax office for details.