I know a guy who runs buildings around Europe and lets them to holidaymakers. He said business at one point dropped off a cliff. My parents also rent apartments in the south of spain.

I think that, unless you have stunning location or an exceptional property, we are bearing witness to a once in a generation change in people’s holiday attitudes. Certainly the French are travelling further for holidays, there are many in the south of spain now due to the price of food and going out.

I think we also witnessed the change over in age groups. The baby boomer generation got to retirement age and their needs are different. Either they miss the family and return or the family doesnt have enough money to go and see them. We are seeing some interesting structural changes!

Regards

Ritchie