subject: Will That French Property For Sale Be A Successful Holiday Rental? [print this page] This is a great investment, but before going forward and purchasing a French property for sale it is important to assess whether the home will be a successful holiday rental.
To make the purchase a sound investment, there has to be a good chance that the home will attract many renters throughout the year and that you will be able to charge a decent amount for the accommodation.
Whether or not this happens is based on many factors, such as location, demand, and appeal of the property. Here are some things to consider when determining whether that French property for sale that you are thinking of buying will be a profitable investment if you decide to rent it out as a holiday property:
What is the letting season?
France is a large country, and has many different climates. From the French Alps to the Northern regions to the sunny South, each region of France has its own unique tourist season. When deciding whether that French property for sale will be a successful holiday rental, you will need to take this into consideration.
Is the location a seaside destination which will be popular during the summer months, or is there a year round demand? Sometimes a property can be very popular during one period of the year, but absolutely dead for the rest of the year, which is not very profitable.
Is there an over-supply of holiday homes in the area?
Take a look around at the location where you are looking at French property for sale. Are there many other holiday homes that are being rented out? Sometimes the supply in these popular areas will outpace demand, and you will have to price your holiday home rental a lot lower just to get bookings. This can doom you from the start, so watch out for French property for sale in areas where the market is already saturated.
Is there a niche market that you can tap into?
Many people come to stay in rental properties in France because they are visiting a specific attraction or seeking an experience of a specific part of French culture. If you choose the right French property for sale you will be able to tap into one of these niche markets and create a very successful rental property.
For example, if you are nearby to many vineyards you will be able to attract tourists who are looking to experience the wonders of French wine on their holiday. If you are nearby to an excellent bird-watching area you will attract this type of tourists.
Or perhaps you can look for French property for sale in a region that is famous for its cuisine, which will appeal to travelling foodies. You can even target the advertising of this holiday home to this type of visitor.
These are just a few of the factors which determine the profitability of renting out a French property for sale.
If you are looking at French property for sale, think about these factors which affect whether or not it will be popular as a holiday rental home.
