The tourist side of the rental market has seen some interesting movements up and down throughout the years, and services like Airbnb have played a par
The tourist side of the rental market has seen some interesting movements up and down throughout the years, and services like Airbnb have played a particularly important role in shaping the current situation. One interesting phenomenon that has been observed in recent years is that villa rentals seem to be back on the rise, after falling for a brief period.
And while many are rushing to book their reservations at spots they’ve been dreaming about for many years, others have taken a step back and have been trying to figure out what’s currently going on with the market. Not that anyone is complaining about the situation – far from it. But it’s important to understand why we’re at our current position right now, although the answer doesn’t seem quite clear.
Lower Prices Are Drawing the Crowds
One of the undoubtedly most critical factors in this situation is the recent shift towards lower prices on the villa market. Even luxury villas can be rented relatively cheaply nowadays, especially in more popular tourist destinations. Those who book early enough can usually find some really attractive deals that were simply not feasible several years ago. And if you manage to establish a long-running relationship with some landlords, it should go without saying that this can make things even better for you in the long run.
That’s actually a benefit of its own that you should consider seriously, and a major reason for some people to look towards this corner of the market, but more on that a little later.
More Attractive Locations
It doesn’t matter where you want to spend your next vacation; there should be plenty of options for villa rentals in the area. Santorini, for example, has been going through a boom recently, and now is the best time to get a place in the area if you’re planning to take the whole family there. Companies like BlueVillas have made it very easy to get access to attractive deals on villa rentals in Santorini at low rates, and you don’t even have to search long to get a place that you find attractive.
Plus, as more and more people keep realising the benefits of renting their places out, we’re likely going to see the market flooded with even more attractive offers for villa rentals all around the world. It might take some time for that segment of the market to stabilise properly though, which is why people should not expect to see results too early. If you’re still waiting for a spot to open up at a place you’ve had your eye on for a while, be patient. It’s bound to happen sooner or later.
Airbnb, for all the good it’s done, has also stirred up some trouble in various parts of the world, and it doesn’t seem the situation is going to die down anytime soon. The company is in hot water with various governments at the moment, and there is a strong push to restrict people from renting out their places in this manner. This, in turn, has resulted in increased attention on the market for private rentals, leading to the current boom we’re observing.
Hopefully, things aren’t going to swing too far in the negative direction though, as this might end up affecting private rental offers just as much as it’s had an impact on Airbnb and similar services. It’s too early to speculate on what the effect might be in the long run, but it’s definitely not going to be something people are going to enjoy if legislation is tightened too much.
Local Community Ties
Last but certainly not least, there’s something to be said about renting directly from locals, even if it goes through an agency that handles the deal. You never know when you might find a new friendship in this manner, and it’s actually not rare for people to build lasting relationships after meeting someone through a rental holiday.
Even if it doesn’t come to that, you’re still helping the locals, and that’s something definitely worth considering when you’re wondering what places are worth renting. When you have a chance to contribute to all the beauty you’re experiencing and know that you’ve had a hand in shaping it into something better, this can make your next holiday a much more meaningful one.
It’s hard to say if the current situation is going to last for much longer, or if things are going to swing back in the direction of agencies and large-scale rental operations. One thing is certain though – now is the best time to experience a nice holiday at a picturesque villa, and if you book ahead of time and reserve something for next year, even better. You’re definitely not going to regret your forward thinking when the market suddenly turns around and prices skyrocket again.