From dazzling views of the Swiss Alps to dreamy Venetian canal cruises, Europe has always been a popular vacation spot. With many beautiful cities such as Rome, Paris, Berlin and Barcelona, it’s no wonder investors are flocking to Europe to buy or build holiday homes across Lace-Niederrhein.
1. Formentera, Spain
Marseille may be a gateway to the Mediterranean, but Formentera is the Mediterranean. This dazzling little island remains completely unspoilt, yet just a stone’s throw from one of the largest Balearic Islands, Ibiza.
By buying or building a property in Formentera you can virtually eliminate the need to advertise your holiday home, as this island enjoys the fame of Ibiza, but with a more luxurious feel. You can expect quality hosts and great income when you buy a vacation home in Formentera.
2. Shanklin, England
While Brexit has been a blow to intercontinental travellers, it has prompted a shift towards more domestic travel for UK residents. Instead of wading through paperwork, new rules and visas, many Britons are choosing to holiday in their own midst, sparking a spike in popularity for resorts like Shanklin. This pretty English town is located there isle of wightwhich has traditionally been one of Britain’s main holiday spots for years.
It is important to note that England does not have a fixed tax rate for rental income. Instead, taxes are based on income brackets, so if you’re considering buying a vacation home that you only rent out occasionally, this could be a great location for you. The lower tax brackets are quite generous for owners of short-term rentals, but increase as your income increases.
3. Ballstad, Norway
Ballstad is the perfect place for adventure seekers. It is known worldwide for its impressive relief. You can be sure to bring local and international guests. Plus, all the charm is on the outside, so there’s no need to splurge on interior furnishings or amenities (although that doesn’t mean it’s still not important!). .
Norway has all the advantages of being European without certain economic disadvantages. Norway is not a member of the EU, but it has excellent travel and tourism agreements with neighboring countries. What exactly does this mean? EU tax rules are not strict, but EU tourists can still enter freely.
4. Funchal, Portugal
Located in the heart of Madeira, one of Portugal’s most popular surf spots, Funchal is making waves in property investment. As the younger sibling to some of Madeira’s larger towns, its popularity extends beyond the city centers and into smaller towns like Funchal.
Portugal in general is a popular destination for vacation rental investment due to its foreign-friendly investment laws and extremely reasonable tax rates. Currently, Portugal offers a ten-year tax exemption period to its residents. This is a great opportunity for new investors who fear the hidden costs and taxes associated with buying a vacation property.
Marseille brings together the beauty of French architecture, cuisine and culture while providing a gateway to the Mediterranean Sea. Thanks to the duality of a pleasant climate in summer and an eternal cultural charm, Marseille benefits from tourism all year round.
It is a perfect investment for the owner who wants to continue to receive bookings all year round. There are also plenty of opportunities for promotion and partnerships with local businesses, as Marseille is full of things to do and Michelin-starred restaurants to dine in.
6. Gierle, Belgium
After the peak of the pandemic, many vacationers resorted to revenge travel by leaving cities as they were and venturing off the grid. Gierle is the hidden place that many tourists are looking for. Besides its secluded charm, it’s a killer investment for a number of reasons.
Gierle is one of the most affordable towns in Belgium, so if you’re looking to invest in a Belgian chalet without such a steep price tag, this town offers a great option. It’s not too far from the city of Antwerp, which means you can easily coax out-of-town tourists for a quiet getaway.
7. Crete, Greece
Although not necessarily a promising find, Crete makes the list for many reasons. Apart from its natural wonder, Crete is also a great option for newcomers to the holiday rental investment industry.
Greece suffered greatly after the housing crisis of 2008 and the figures continue to return to a normal pace. As a result, interest rates, taxes and property prices are always lower than their European counterparts. The housing market continues to improve, but demand in Crete is better than ever.
8. Sardinia, Italy
Italy as a whole is one of the most internationally recognized tourist destinations. With famous cities such as Rome, Milan and Venice, Italy is already well known in the travel world. Sardinia gets second-hand publicity without some of the drawbacks that come with big-city tourism, such as excessive regulation, exorbitant taxes, and hostile vacation rental laws.
9. Sylt, Germany
When you think of Germany, what do you imagine: marvelous cathedrals, traditional breweries or winding cobblestone roads? For many locals and tourists from neighboring countries, the beach comes to mind! Sylt is one of the best natural places in Germany and one of the only islands in the country.
Some of Germany’s most expensive homes are on the island of Sylt, and it’s easy to see why. Besides the beautiful surroundings, Sylt easily attracts luxury tourists with its high-quality offers such as gastronomy and wellness centers.
10. Andorra la Vella, Andorra
Apart from the breathtaking views, most people buy property in Andorra for one main reason: taxes. Andorra’s tax system is extremely favorable, which means that it attracts both permanent residents and tourists.
Many visitors to Andorra are up for some luxurious splurges, as this tiny country is home to some of Europe’s most extravagant ski resorts. Lodges and ski resorts maintain extremely high average daily rates, which means higher revenue for your business if you decide to invest.
Take away food
If Europe has long been on your wish list for a vacation rental investment, consider one of these ten favorite destinations. If you strike a balance between a beautiful location and competitive prices, you’ll find that one of these ten cities will net you some serious vacation profits.