Greece cheap holiday alert as price of winter breaks nosedives by £372

Résumé détaillé

On the popular sun-drenched island of Crete, average rental prices plummeted by 47.2% as the scorching summer crowds vanished. Just 10.7% of Greece's annual rental demand occurs…

British holidaymakers longing for an affordable escape to Greece are being urged to pack their bags this winter, as accommodation prices have plunged by more than 43%. New travel data reveals Greece has the largest winter price drop across 38 European countries, knocking an average of £53 a night, or roughly £372 off a typical seven-night holiday stay. The figures, published in a major report titled The Cheapest and Most Expensive Winter Destinations in Europe by travel intelligence firm AirDNA, show that average daily rates for holiday rentals fall by an eye-watering 43.3% between December and February.

The dramatic price collapse easily eclipses the wider European off-season average decline of 10.3%. Montenegro recorded the second-biggest seasonal drop at 35.1%, followed by neighbouring Albania at 33.8%. The price cuts are steepest across traditional summer hotspots.

On the popular sun-drenched island of Crete, average rental prices plummeted by 47.2% as the scorching summer crowds vanished. Just 10.7% of Greece's annual rental demand occurs during the winter months, meaning operators slash rates to attract off-peak tourists.

The report also uncovered standout bargain destinations for those wanting a mountain or cultural getaway. The historic lakeside city of Ioannina, nestled in Greece’s north-western Epirus region, was ranked the second most affordable winter destination in Europe, with nightly stays averaging just €71.51 (£59.80). Only Zlatibor in Serbia proved cheaper across the continent, according to The Greek Reporter.

Travellers are being warned, however, to lock in stays early. AirDNA’s forward booking data shows early reservations for the upcoming winter season are already creeping up across Europe, with baseline Greek rates averaging around €105 (£88) a night for early bird bookers.

While sun-worshippers appear to abandon the Mediterranean once autumn sets in, holiday rentals are left virtually empty - creating an open goal for thrifty travellers. A mere 10.

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