Budget airline growth 'opening up' European markets
Property investors are benefiting from growth in the low-cost airline sector as they can now access foreign markets with greater ease, it has been suggested.
Neil Pakey, deputy chair of the Airport Operators Association (AOA), commented that European markets had been "opened up" as a result of increased flights.
"The low-cost market has really risen and it's just opened up access to so many places across Europe," he said.
Internet booking of trips has also changed the way in which the market operates, further serving to improve flexibility and accessibility for investors.
"So many people now book their flights directly off the internet, whereas before we had to do everything through the airline or through the travel agent," Mr Pakey commented.
He added that such "dynamic changes" have benefited European regions by offering "some lifeblood" to local economies.
Mark Bodega, the director of currency firm HiFX, commented that the ease of access to an investment property "has a real impact on its success as a holiday home as well as its future sale value".
Research by the firm found that properties in areas that are well-served by low-cost airlines command higher average rental values than others.
In August, HiFX found a rise in enquiries about property investment in Bulgaria and Italy.
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