With the recent economic crisis still being felt around the world, buying a holiday home in a major financial center like Europe is not such a bad idea. If you are looking to make some money and invest in a luxury property, then there is no better time than now. The current interest rates are very good in terms of the real value they add up to, so now is a great time for Americans-based home buyers to get a second house in Europe.
The euro has strengthened in recent years against the US dollar, making you even more valuable to the European real estate business. That’s not to say that you will be getting your money’s worth in terms of an investment. However, there are some pretty good bargains to be had. And with an ever-growing demand, there is plenty of property to be sold.
Buying a home in France or Spain is definitely going to cost you a lot less than buying one in Britain or Ireland. It’s not that the economies are doing badly, but in terms of purchasing a property, there are fewer people selling them. It may take a little longer for you to get your hands on the property of your dreams in Spain, but it will definitely cost you less than the UK, especially when you consider the higher property taxes and rental costs.
Of course, buying a property in a recession doesn’t guarantee that you will be saving any money, especially when buying a property in Portugal or Greece. That being said, some countries, like Italy, are still doing well economically despite the troubles.
If you want to find out where the best places to buy a holiday home in European cities are, there are lots of real estate agents who will let you do a background check on the properties available before you make a decision. A good agent will have access to the property listings in both traditional and online property portals, so he can provide you with all the information you need.
It is always a good idea to speak to a mortgage broker, especially when buying property in a foreign country. Holiday homes can be a great investment and a guaranteed source of income but only when you buy it for the right price. A mortgage broker will ensure you pay the right price for the right property when buying a holiday home.
Another advantage is that a number of the top holiday homes are situated right next to their location, so you don’t have to go far to have fun. Whether you want to stay in one of the main cities, like Paris, Rome, or Nice, or you prefer to spend your days at the beaches, such as Nice or Cannes, you will be able to enjoy a fantastic stay.
Another advantage is that the number of holiday homes on offer in most of the cities are only increasing as people continue to look to get away from the daily grind of work and enjoy their lives. They are available in some very attractive locations, so finding them will be easy for those looking to go on holiday. In addition, the location is also in the heart of the city, so it is not very difficult to get around if you need to.
Many holiday homes in many European cities also come with additional facilities, such as a swimming pool, gym, spa, or garden, meaning you can enjoy the beach or have a dip in the sun at your local swimming pool. This can certainly help to make the holiday more enjoyable for you and your guests.
If you are the adventurous type, then you can also choose to rent one of the holiday villas that allow you to have your own personal space, complete with your own kitchen and bathroom. This is an ideal option if you have the budget for it and you would like to spend your time relaxing, instead of going out and partying the night away in the bars and clubs.
In spite of the downsides of buying a holiday home in Europe, the benefits are huge and worth every penny you spend on one of these properties. If you choose the right holiday home rental agency, you will have access to a great choice of accommodation in one of the best cities in Europe.
Just remember that with so much to choose from and so many options, you should always take your time and decide wisely before booking your holiday home. There is no doubt that it is one of the most exciting times of year to plan a holiday, so don’t rush your decision and end up in a bad holiday.