Holiday home owners 'missing out on extra income'
Many holiday home owners are failing to make the most of their investment, according to experts.
Holiday-Lettings.co.uk stated that some people are leaving their property unoccupied when they are not using it, reports Homes Overseas.
Therefore, many are missing out on the possibility of using their residence to generate wealth, as they could let it out to visitors during those periods when it is not in use.
The organisation estimated that the amount holiday home owners are losing out on overall could be as much as £4.2 billion.
Ross Elder, managing director of Holiday-Lettings, commented: "There is a fantastic opportunity for owners of holiday homes to reap the rewards of the healthy rental market."
He added that demand for self-catering holidays was on the increase and that mixed-use investors could earn up to £18,000 a year in rental income.
Last month, Holiday-Rentals revealed that consumers want to go on self-catering trips abroad as it allows them to be "closer to the action" in each destination.
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