Rental yields could supplement income-220708

Overseas property investors who are feeling the effects of the credit crunch have been advised to consider letting out their home.

Holiday-Rentals stated that the tourism industry is continuing to thrive, even amid the ongoing downturn in the global economy.

This, it said, means that property investors who are feeling the pinch could find themselves able to generate extra money by renting their home to holidaymakers.

Greg Grant, managing director of Holiday-Rentals, commented: "They'll see that a month's rental can, if timed well, pay for much of a year's running costs on a home."

Speaking to the Telegraph, he added that issues such as rising fuel prices are not putting people off travelling overseas, despite the knock-on effect on air fares.

Meanwhile, the Association of British Travel Agents has reported that more than 2 million people from the UK headed abroad over the weekend.

This is because many schools have just broken up for the summer, thereby allowing families the chance to take a break overseas.