What’s better than traveling all over the world? Traveling all over the world with your own places to stay in different locations! Having a vacation home is a big boast, but it’s also a very clever financial investment. You will save money on your vacations by not needing a hotel, and you can also rent out your property when you aren’t staying there.
Right away, the thought of a vacation home interests you. But, where are the best places in the world to invest in a vacation home? Here’s a shortlist of the top cities/destinations for you to look at:
Lake Garda, Italy
Truthfully, you could write a whole list of places in Italy that are worth buying a holiday home in! If you had to only pick one, Lake Garda is your best bet. Located towards the northern region of the country, this is a highly popular tourist spot. Families, backpackers, groups, and solo travelers all flood here throughout the year. The beautiful lake setting makes it a unique place to go on holiday, and there are so many lovely little houses, villas, and cottages dotted around nearby.
So, it’s no surprise that this is a wonderful spot for a holiday home. After all, who wouldn’t want to say they own a house in Lake Garda?! Obviously, you can’t live in your holiday home for 365 days of the year. However, this tourist destination is so popular that you’ll have no trouble renting it out as an Airbnb for many months in the year.
Barcelona, Spain
Barcelona is such a unique part of Spain, offering dazzling architecture and so many tourist attractions. Loads of travelers will come to Barcelona from all over the world – and not just to watch the soccer team! There is so much culture and history in this place that you will never get bored of exploring it. Plus, you’re in a great location within a few car or train journeys from other main Spanish cities or beach resorts.
Buying a holiday home here is well worth it as property prices are very decent, and it’s shown to present a great return on investment. This may sound funny, but part of this is genuinely thanks to FC Barcelona. In normal times, when fans are allowed in stadiums, the soccer team pulls in nearly 100,000 spectators every game. These fans come from all over the world, and they need somewhere to stay. So, your holiday home can be a lovely apartment for when you visit, and a place for people to stay while they watch soccer throughout the year!
Kuala Lumpur, Malaysia
Malaysia is such a beautiful travel destination that attracts thousands of people every year. There is so much to do, and Kuala Lumpur is at the center of it all. The capital city of Malaysia is seen by many as one of the safest travel destinations on earth. It boasts an impressive skyline and a whole plethora of natural attractions. There’s something here for all to enjoy, and the general vibe of the place is enough to keep on returning.
Already, this is enough to make it a great place for your holiday home investment. Still, there are more strings to add to its bow! Kuala Lumpur also happens to be home to loads of new and exciting property developments. The area of Taman Desa is particularly good for this, constantly offering up new homes that are perfect for foreigners to buy. Due to how popular the city is – and the many businesses nearby – a holiday home in Kuala Lumpur will never be empty throughout the year. You’ll easily find people to rent it out, making it a wise investment!
Nice, France
The south of France is literally a holiday home heaven. This isn’t a factually true statistic, but most of the houses in that area are probably holiday homes! It is such a gorgeous place, with stunning beaches, outrageous villas, and endless things to do. You could pick anywhere in this region of France for a holiday home, but Nice is your best bet.
This is the capital of the Alpes-Maritimes region of the French Riviera, and it is home to loads of gorgeous properties. If you have a holiday home here, you will spend a lot of your time in France every single year! Again, like all the other options so far, Nice is a solid hotspot for tourism. So, there is absolutely no danger in your holiday home collecting dust – especially in the summer. You can easily make back what you paid for it in rental money, making it a very clever investment.
Miami, USA
Yes, Miami is a good place to buy a holiday home. A lot of people will fly to the US, purely to experience Miami. It has an almost cult lure to it – I think people are interested in seeing if it’s the same as depicted on TV. The celebrity aspect intrigues people, even if it isn’t perhaps as celeb-heavy as LA. Miami is also known for its incredible beaches – it’s a place you can visit year after year without ever getting bored.
Much like Kuala Lumpur, there are tons of great holiday home investment opportunities here. Plus, Miami is also home to lots of jobs and businesses, so you have two different types of possible tenants to look for. You can rent your property out to travelers, or offer short-term leases for business people on trips or short-term contracts.
If you’re rich enough to have holiday homes in all of these locations, good on you! Most of us will be lucky to have just one holiday home, so choose a location that you’re most likely to keep visiting again and again. Of course, you can always pick a place that’s not on this list – it’s entirely up to you. The list is merely here to help you see which places in the world are the best for investing in holiday properties.
