Everyone is well aware of the advantages of buying a holiday home so deciding to buy one is the easy bit. Deciding where to buy one is the difficult part as there are so many options available all around the world.
Spain is the most popular country when it comes to buying a holiday home with 66 percent of Britons deciding to buy a home there. The reasons for this include the great weather, interesting culture and the standard of living out there. With so many people interested in purchasing property in Spain it makes a great investment opportunity.
There are currently 3.3 million holiday homes in the sunny country with demand rising by three percent year on year over the last decade. Firstly, this means that there is always going to be a demand for people wanting to rent your property while you’re not there. Secondly, house prices are set to rise with so much demand meaning that when it comes to selling up you are bound to make a healthy profit.
Florida is one of the world’s greatest holiday destinations and there has been a huge growth in the popularity of villas in the Sunshine State. This is no doubt down to the year round entertainment on offer, tropical weather, stunning beaches, sports facilities and of course the all important Disney World.
Another growing hot spot for the number of people buying a holiday home in the area is the Algarve. Notorious for its beaches and weather tourist flock there for various types of holidays such as golf breaks, clubbing sessions and relaxing breaks. The Algarve is a great place to start if you are only just getting into overseas property investments as it’s not as touristy as Spain, France and America so house prices are likely to be a lot lower.
A great investment opportunity if you a looking for a holiday home somewhere a bit different is by the shores of the Red Sea. The town of Hurghada is a unique area where the desert meets the sea and has plenty of spectacular beaches. There is plenty to do in the resorts around the area from desert safaris and diving to golf.
When buying a holiday home the most important thing is to ensure that your destination is somewhere you like and preferably have been there before so you know what to expect. However, once you have made a decision it is unlikely to be one that you will ever regret.
Image owned by: Christian Bachellier. Taken from: http://www.flickr.com