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Rental accommodation 'needs broad appeal'

Article Date : Wednesday, October 10, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Overseas investors should make their property appealing to a broad range of people, according to an expert.

Amanda Lamb, presenter of Channel 4's A Place in the Sun, said that practical issues such as decoration and transport links had to be considered by buyers.

Speaking after a Yorkshire Bank poll found that almost half of investors wanted to decorate their property in line with their own tastes, she warned against this move, saying that it might deter potential occupants.

In addition, she stated that elaborate decor could require high maintenance, meaning that the property owner would be required to remove all traces of dust and sand on a regular basis.

Ms Lamb added that an investment would be more likely to succeed if it was located in a major tourist area that was well-serviced by cheap airlines.

She said: "You'll increase your chances of renting the property if you make it as accessible and as appealing as possible to the maximum number of people."

According to data from the Association of International Property Professionals, British buyers are mainly opting to purchase in established markets such as Spain and France.
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