Where to invest in a vacation property
With so many great resorts around the world, choosing the perfect location for your holiday home can be a difficult decision.
Owning a holiday home can be an idyllic prospect – offering ready-made holidays all year round, along with a steady stream of rental income.
If you’re looking to buy a vacation property this year, here are some of the world’s top holiday home destinations for you to consider.
Spain is one of the world’s most popular holiday home locations – and with good reason. A sunny climate, miles of beaches, and lively resorts, make it a perennially popular destination with British holidaymakers – especially as it’s just a short 2-hour flight from the UK. It’s also pretty good value for money, with property prices significantly lower than some other European countries, such as Portugal. Spain has plenty of resorts to choose from, but we’d recommend concentrating your search on the Costa Brava.
France is another favourite destination for Brits looking to purchase a holiday home, with areas around Brittany and the Dordogne proving particularly popular. Along with good food and affordable properties, the country offers a choice of beaches, villages or skiing, so you’re sure to find a location that matches your preferred holiday style. And with quick, convenient access from the UK, buying a holiday home in France makes last-minute getaways easier than ever before.
Purchasing a holiday home in Italy is the perfect way to get your own little slice of ‘la dolce vita’. From beach homes in Calabria and Puglia, to rustic farm houses in the Tuscan countryside, this charming country offers a wealth of different landscapes, cuisines and cultures to choose from. And an Italian holiday home would place you in good company, with George Clooney, Sting and Helen Mirren all owning properties there.
If affordability is a key consideration for you, you may want to look at purchasing a property in Turkey. It has the white beaches, crystal clear water, and bustling resorts you’ll find in neighbouring Greece but, with lower property prices and a currency that’s outside the Eurozone, your money will go a lot further. Top resorts to consider include Hisaronu, Ovacik, Calis, near Fethiye, and Yalikavak on the Bodrum peninsula.
For those who want to head further afield than Europe, you can’t go wrong with a holiday home in Florida, according to holiday home experts, Sarah Waddington Property. Nicknamed the ‘Sunshine State’, Florida offers great weather all year round, along with beautiful beaches, top golf courses and a number of popular theme parks, including Universal Studios and, of course, Disney World. Davenport and Kissimmee are the best locations to help you take advantage of Florida’s record tourism levels.
Staying in a nearby part of the world, Barbados is a holiday home destination that has seen a surge in popularity in recent years – particularly in those resorts situated on the island’s Platinum coast. Famed for its beautiful beaches and turquoise seas, Barbados also offers fantastic watersports, a buzzing nightlife, lush nature reserves, and a UNESCO World Heritage-listed capital city that is well worth exploring. It has everything you could want from a holiday home location.
Of course, you don’t have to go abroad to find the perfect holiday property. If you’d prefer to stay closer to home, there are some great destinations right here in the UK. Chief among these is Cornwall – with its golden beaches, great surfing, and picturesque fishing villages, it’s a firm favourite with holiday makers of all ages. And it’s also a great investment opportunity, offering an average ROI of more than 12%.
When it comes to buying a holiday home there are loads of great destinations to choose from, so think carefully about the kind of holidays you enjoy, and whether you want to use the property primarily for family holidays or whether you intend on renting out to other holidaymakers. This will help you to choose a holiday home destination that works perfectly for you.