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Spain and Turkey offer best holiday value - 28 July 2009

Owners of property in Spain or Turkey that is rented for the summer to holidaymakers from the UK could find themselves the busiest they have been in years following the publication of the latest Sunshine Price Index from Teletext Holidays. The Index is intended to help travelers manage their holiday budgets effectively, and will be updated on a daily basis on the Teletext holidays website.

As the credit crunch continues to bite across the globe and families are forced to look at their leisure spending, and many are turning to self-catering holidays as a way of getting their holiday in the sun for less. Many will also consider renting a large villa with another family and sharing as a way to cut down costs.

Teletext is doing its part to help people save money by monitoring not only the cost of a holiday to the most popular destinations worldwide, but also by checking up on the cost of a set ‘basket’ of daily items that people tend to buy on holiday. The basket of day-to-day spending includes a meal out, coffee, a newspaper, postcards and an ice cream.

Turkey came in cheapest on the list for the holiday accommodation on offer, and second only to Bulgaria in the cost of the daily holiday basket, with the collection of items coming to £61.25. Bulgaria has a lower cost of living at just £40.88 per day, but a higher cost of accommodation.

The good news continues on to Spain, where one of the cheapest shopping baskets is to be found, combined with a lower that average cost of accommodation to make renting from an overseas property owner an attractive prospect. Owners of property overseas that is rented out for the holiday season would also be well-advised to put together a list of low- or no-cost activities for their guests to look at during their stay. Small touches like this could make the difference between repeat bookings and significant void in the coming year.

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