Good news! Three-quarters of sun holidays are cheaper this year

Most of us may still be struggling with our finances, but when it comes to our annual holiday we always seem to find enough cash. (Featured image by lecates)

For a lot of Brits, a break in the sun each year is more of a necessity than a privilege – a chance to escape the gloomy weather and recharge the batteries.

So you’ll be pleased to hear that a sun-soaked break in Europe will cost you less this summer than it did last year.

Madeira, Portugal

Madeira, Portugal. Image by Mal B

According to research by holiday company On The Beach, more than three quarters of holiday packages in the sun are cheaper than last year – some by as much as 25 per cent.

“When most day-to-day costs increase on a yearly basis, it’s no doubt a breath of fresh air for Brits when well-deserved holidays are actually more affordable than ever,” said Alistair Daly, Chief Marketing Officer at On The Beach.

The research highlighted the Portuguese island of Madeira as being particularly good value, costing three-quarters of last year’s price.

Cyprus

Cyprus. Image by Nino Verde

A seven-night holiday for two to the Atlantic archipelago, with flights and bed-and-breakfast accommodation, costs around £599. This is compared to £799 for the same holiday last year.

“Holidays to Cyprus and Bulgaria are already outselling last year and with so many holidays cheaper, we expect a bumper year for travel this year,” added Mr Daly.

Bulgaria

Bulgaria. Image by Jeroen Kransen

The research found holidays to Cyprus are around 20 per cent cheaper than last year, while Bulgaria – an increasingly popular choice for holidaymakers on a budget – is 15 per cent cheaper.

For those wanting to head a little further afield, holidays in Sharm el Sheikh are 13 per cent cheaper this year, while Tunisian breaks will set you back 7 per cent less than in 2012.

Other top hotspots that’ll cost you less this year include Tenerife, Majorca, Greece and Turkey. So, you’ve really got no excuse not to head abroad this summer!