Vacation Rentals Market in Israel, a Win-Win for Both Tourists and Natives

The trend of using vacation rentals is fast catching up in Israel, just like it has in many other parts of the world. Prevalent unsteadiness in the global economic trends coupled with a growing emphasis on tourism and the constantly escalating property taxes in the country have all contributed to an immense spurt in the vacation rentals Israel has witnessed recently. The local property tax clauses implemented in accordance with the Trajtenberg Committee have resulted in increased taxes being levied on second homes that remain unoccupied for the better part of the year. To counter these high tax rates, a large number of owners of such homes have today converted these into vacation rentals, which are let out to visitors on a short-term basis. It works out to be a profitable decision for these home owners, in more ways than one.

How to Find Vacation Rentals in Israel

Finding vacation rental homes in Israel is easier and more profitable than living in hotels. A large number of companies have forayed in the business of renting out people’s second homes or vacant houses to tourists thronging the city. Foreign tourists looking to explore Israel can enjoy the comfort of a home away from home by booking these vacation rentals in advance.

In order to do this, you need to Visit Website of a company dealing with vacation rentals and browse through the various categories of vacation rentals – ranging from luxury apartments to economy condos and houses. You can book an apartment as well. To book a rental home, tourists need to sign a rental agreement and make a deposit. Once a booking is made, all you have to do is collect the keys to your vacation rental upon your arrival in Israel and move in.

Benefits of Vacation Rentals

The concept of vacation rentals makes for a win-win proposition for both home owners and tourists. Some of its key benefits include:

• Offering tourists the comfort of home-like amenities in a foreign land.
• The price of these vacation rentals is comparable to hotel rooms in the respective segment.
• It offers supplementary income to those who struggle with otherwise low disposable earnings.
• The concept of vacation rentals has made up for the shortage of hotel rooms in the country, which has thus far been a stumbling block in the government’s initiative to promote Israel as a tourist destination. Because of these vacation rentals, Israel now attracts over 5 million tourists every year.