Tenerife Property Rentals, “For your place in the sun”
Since the popular quest for a relaxing holiday in the sunshine began in The 70,s there has been some radical changes in people’s needs and wants. In the early days the vast majority of holidays booked were in Hotels and on restricting package tours. As the 1980,s emerged and people were disappointed in their Financial investments in stocks, shares and pensions, in came the fast growing private holiday rentals. Where better to buy a property than in The Island of the eternal spring, Sunny Tenerife!
At first, one-bedroom Tenerife apartment rental properties were the most popular for both the property investor and the holidaymaker. The reason was because for both this was the least expensive option. For 2 people there is adequate space at an affordable price, if the kids came along then the bed settee came out. Property buyers did buy 2 bedroom Tenerife rental properties as it did give more space but the property prices would jump up significantly and not always would the price of the holiday rental back to them pro rata.
People grew more and more confidant as time went by, clients would pay the property investor money year by year and as we all have seen over the last few decades the price of the property would also rise giving a 2 fold gain to the property investor. There are times when the property prices slow down and even take a drop but history is there to show that, IT DOES COME BACK !!
As Tenerife property buyers grew more confidant, the holiday makers did also as they preferred the freedom of "Their place in the sun" We saw the growth of the Tenerife Villa rentals. These properties of course were more expensive for the property buyer but it brought in a different Clientele. There would be 2 and 3 family bookings and often 3 generation bookings. What a lovely way to spend time altogether as a family. Your own Tenerife Villa Rental in the sun for the whole family. As people became more and more discerning, then the Villa Rental would be expected to have a little more, to have a private heated pool, the clients would expect the property to have air conditioning. When working the price for a whole family to book a holiday in a hotel where there are just 3 bedrooms, no lounge or private pool it is easy to see why this Villa Rental’s has worked and grows in popularity.
The whole sector of Tenerife property Rentals is a fast growing market. 365 days of sunshine see to that as it increases the chance of more profit per year. The choice of where on the island you buy your Tenerife property for rental is important to get optimum holiday rental BUT, How many bookings do the investors achieve in Portugal and mainland Spain where the climate is often not much better than that in the U.K. from October to April.
Morfitt Properties Tenerife have long term rental properties in, El Veril del Duque, Oasis La Caleta, Balcon del Duque in the popular areas or La Caleta and Playa del Duque area.
Choose carefully for your Property Rental investment.
Choose Tenerife, "The Island of the eternal Spring" For your Apartment rentals and your Villa Rentals.