The best European countries in which to buy a holiday home

Travel 2018-10-22
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Whether your main priority is getting somewhere for you and your loved ones to enjoy the summer months, or you’re hoping to make some decent money by renting a place out to sun-seeking tourists, our guide to the most popular places to buy a holiday home in Europe is sure to give you some inspiration.

The sun, sea and sand combination is something that we Brits love more than anything, and we can’t wait to get away every year to catch some rays. But wouldn’t it be great if you didn’t have to worry about your accommodation, instead, jetting off a home away from home? Well, we’ve done a bit of investigating and have chosen our top countries in which to buy a holiday home.


Spain

España is still one of the top countries in which to buy a holiday home due to the almost guaranteed great weather and affordability. If you’re looking for total relaxation, Spain could be the right choice for you as the atmosphere tends to be more laid back than the UK, with a slower, more relaxed pace of life.

Another good reason for purchasing a property here is that despite the impact of the Brexit vote has had on the pound, property sales have increased according to the Institute for Statistics*. This shows that the popularity of Spain is remaining as strong as ever so you won’t have to worry about losing out when the time comes to sell.


France

When people choose to buy a home in France, it’s usually not about the cost (even though it is temptingly affordable) but rather because of the lifestyle. Whether you’re after sun, mountains, rolling countryside or the heart of the city, France has it all.

Travelling to France from the UK couldn’t be easier with regular, cheap flights available. If you prefer to travel on your own time, simply hop in the car and drive over. It has one of the best motorway networks in the world, which means there are no limitations for your exploration of new places on your holidays.

If the convenience alone isn’t enough to tempt you, the culture surely is. It’s second to none, with fresh produce available from an array of local bakeries and cafes, plus an abundance of food markets and let’s not forget the wine.


Portugal

With all the friendly beach resorts, warm weather, exciting activities and typical chilled out European vibe, what’s not to love? Whether you’re looking to spend your summers by the beach, in the city or hidden away in the countryside, Portugal has it all.

The most popular place to buy at the moment is in the Central Algarve, which is home to resorts such as Lagos. However, if you look a little further afield into the slightly less developed Eastern Algarve, you can pick up a bargain with some apartments going for less €100,000.

If the beach or city life isn’t for you, don’t worry, there are plenty of places in the countryside with rustic charm and value for money, according to the 2018 Worldwide Holiday Costs Barometer by Post Office Travel Money.

What’s more, if you’re only able to use the home yourself for a few weeks or months during the year, you should still be able to make some decent money renting it out, due to Portugal’s consistently fine weather.


Croatia

This country is a little different compared to our other favourites and for good reason. As it only claimed its independence in 1991 from the former Yugoslavia, it is a country full of diversity with an amazing Adriatic coastline, mountain forest, and lovely weather. Croatia is now a firm favourite for many tourists and expats, with Zagreb and Dubrovnik being the favoured city to visit and settle in.

For those of you who love to bask in the sunshine and live for long days then this is the place for you. Most of the year, the sun doesn’t go down until well past 9 pm allowing you longer days to go exploring the countryside or having a blast at one of the many music festivals.

With so much going on, you will never want to leave this place. There are 8 national parks to go hiking and climbing in, and several huge lakes which are perfect for an early morning swim.


Greece

If your main aim is to buy a holiday home that will generate an income for you, there’s no better place than Santorini in Greece according to International Property and Finance expert Simon Conn. With an average revenue of over £2,750 based on the nightly rate, this is the top global city, followed by Dublin, London, Rome and Ibiza completing the top five.

For more expert advice on buying a holiday home internationally, check out Simon’s tips.


A few things to bear in mind…

  • So wherever you choose to buy your holiday home and settle down, keep in mind to make sure you consult with a legal professional as rules and regulations can vary from country to country. You don’t want to get caught out after you sign the paperwork.
  • Before committing to a purchase, try to have an extended visit so that you can learn about your local area, see what the amenities are like and if you would be happy there.
  • If you’re planning to rent the property out when you’re not able to take advantage of it yourself, try to visit in the winter months so you can gauge what it will be like for your guests all year round.

 

Sources:
Spanish Property Insight

 

Hitachi Hints and Tips is intended to be informative and interesting. It does not constitute financial advice, and you should always do further research when making any financial decisions. All information was correct at date of publication.
iStock-697005428 (1).jpg

The best European countries in which to buy a holiday home

Whether your main priority is getting somewhere for you and your loved ones to enjoy the summer months, or you’re hoping to make some decent money by renting a place out to sun-seeking tourists, our guide to the most popular places to buy a holiday home in Europe is sure to give you some inspiration. 2018-10-22

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