Since the tax that applies to buy-to-let houses doesn’t affect holidays homes, it's looking like holiday homes will be the next big thing in terms of making money on property. The returns are far higher than you would get on traditional homes, and you can use the property yourself for personal holidays. It's a win-win! While there are drawbacks to buying abroad (language barriers and different laws to name a couple) overall it's an excellent way to invest money if you're looking to make a good return. A knowledgeable overseas property specialist like Simon Conn can walk you through the process, and simplify the process of making your foreign property dreams a reality. But where's the best place to purchase a holiday home for the best profits? Here are are three excellent destinations to consider!
Spain: Catalonia
The Daily Mail has stated that Catalonia in Spain is one of the best places in the country to invest in holiday home. This is due to the fact that it attracts a lot of interest and high rent because there is great tourism in the area. With the Costa Brava beach resorts and Pyrenees mountains nearby is it any wonder? Plus you have Barcelona as the capital, arguably one of the most exciting cities on the planet.
America: Florida
Stunning palm fringed beaches, tropical weather and a relaxed way of life, it's no wonder people hail Florida as heaven on earth. There's great tourism in the area thanks to Disney, so again a holiday home here will be great for profits in rent. Scope out the perfect villa that you could rent out to guests, something in driving distance to Orlando could be a safe bet. Keep an eye out for Florida pests such as termites before you buy, anything untoward could always be checked out by a company like https://www.pestcontrolexperts.com/local/florida/. Termites especially need to be treated properly due to the damage they can cause to buildings.
France: Monaco
If you want to go for something ultra luxurious, how about a holiday home in Monaco? This tiny country is the second smallest in the world but it has a big reputation for those who like the finer things in life. From designer shops to high end hotels, restaurants and so much more. It won't be cheap to purchase a home here, but think of the returns you will get from it! People will shell out a fortune for something like a penthouse overlooking the harbour.
