Portugal to capitalise on Brits holidaying overseas

Property investors in Portugal may be set to capitalise on the increasing amount of Brits looking to holiday overseas this year.

According to research conducted by rental firm HomeAway, searches for holiday homes in the UK for July and August have failed to reach the same high levels as last year, while other European destinations are increasing in popularity.

"Places you can drive to in Europe that are mid-way between a UK holiday and long-haul destination are doing well," Courtney Wylie, the portal's general manager, told Overseas Property Professional.

"Portugal is having a great year."

Investors in the country looking to rent their property may be interested to hear that a survey by the company earlier this year found that 57 per cent of Brits were looking to holiday abroad this year, with a fifth planning to rent homes.

During 2009 Portugal was visited by 11 million tourists, TheMoveChannel.com reported.

Like this? Then share with your friends and colleagues!