The Best Countries in Europe to Buy a Vacation Home
Real estate investment is still one of the best investments on the market today. In fact, the real estate market showed steady growth in 2017, making it very attractive as we get closer to 2018. The market can only get better, especially with the increasing popularity of holiday rentals and vacation homes.
The European property market is an interesting one to look into if you’re looking to invest in a vacation home. There are some very interesting locations to consider throughout the continent, and we are going to discuss some of them in this article.
Turkey is always exciting, especially for those looking to invest in the property market. The country blends strong Asian and European cultural roots quite seamlessly, making it a hot travel destination year after year. An investment in a vacation home here could lead to a steady stream of revenue from rent.
Istanbul is among the cities you need to check out. The young population of this city and the recent construction boom are shaping the property market nicely. There are a lot of pre-constructed properties in the city, especially in areas close to tourist attractions.
Hungary may not be the first country that comes to mind when talking about European properties – or European vacation destinations for that matter – but it is among the best countries to invest in right now. In cities like Budapest, there are a lot of gorgeous properties to invest in. The unique architectural theme of Hungarian cities is unmistakably gorgeous indeed.
Hungary’s property market also saw a steep decline a few years ago, which means it is currently in its recovery state. You can find a lot of great properties to invest in, even when you have a relatively limited budget or you want to keep your risks at a minimum.
Italy is the prime destination for holidays in Europe, so an investment in a vacation home here is never wrong. There are plenty of beautiful properties to choose from in the best cities across Italy, but you have to be willing to invest a lot of money to acquire them. The property market is livelier than other countries in Europe.
Alternatively, you can look into the smaller towns and villages, particularly in areas near the coast. Experts at the Murphyrealtygrp.com recommend Apulia, an unspoiled town with two coastlines and beautiful beaches. Properties in this town can be yours for around $100,000 or less.
The last country on our list is Portugal. From an investor’s point of view, Portugal is the perfect country to invest in. The property market offers a lot of stunning properties – in prime locations nonetheless – for great prices, particularly in larger cities such as Lisbon.
Portugal’s tourism industry is also one of the fastest-growing in Europe. An investment in a vacation home here could be the perfect addition to your portfolio, especially for the potential revenue it offers.
If you are looking to invest in vacation homes in Europe, these are the best countries to look into. Check out the property market in these countries and you’ll be amazed by the number of opportunities available to you.