Most people don’t think about buying a short-term rental until it’s peak season
Summary
The best time to buy a short-term rental is during the off-season (January) when there's less competition and sellers are more motivated, allowing for better negotiation and time to prepare the property for the peak season. Buying during peak season (June) can lead to higher purchase prices, more competition, less favorable negotiation, and missed revenue opportunities.
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This article from GreekReporter.com reports that Greece is climbing the European short-term rental rankings. While specific details on the rise are not provided in this short article, this suggests a growing opportunity for hosts. It implies increased demand in the Greek market, which presents a dynamic opportunity for STR investors.
Ennismore plans to expand its hotel presence in India, with its first hotel under the Morgans Originals brand, Roswyn, already soft-opened in Mumbai. Following the Mumbai debut, the company plans to open a Hoxton hotel in Bengaluru and is actively exploring further expansion opportunities, recognizing the market's readiness for a luxury lifestyle product.
The short-term rental market's growth is slowing, according to eKathimerini.com. This shift may affect occupancy rates and revenue for hosts. Understanding market trends is crucial for adapting pricing and marketing strategies, ensuring continued profitability.
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