Doctor's Review: Medicine on the Move

August 23, 2017
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European rentalnomics

With Europe’s economy struggling mightily, many European owners of second homes are struggling as well. This year, to earn some extra cash, many are renting out their properties for the first time, the New York Times reported. That’s good news for renters. Back to Econ 101 for a moment: when supply outstrips demand, prices fall. Plus, a greater supply means that vacationers looking to rent a cottage or a condo in Europe this year will benefit from a wider selection than they’ve seen in the past. Rental listings websites like www.HomeAway.com and www.Holidaylettings.co.uk have already seen big jumps in the number of rental properties available.

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