Europe’s Hottest Destinations for Buying a Second Home.
10 June 2016
With recent stamp duty legislation changes, second property ownership in the UK is becoming less attractive for many. As a result, we’re seeing an increase in searches for people looking to own overseas.
With ease of access, warmer climates and a balance of new and familiar culture, Europe remains ever popular with Brits. Despite ‘Brexit’ fears, many people aren’t faltered or deterred by the referendum, still looking for second homes across the continent.
If you’re considering buying a second home in Europe, which hotspot is right for you?
Costa del Sol, Spain
With 300 days of sunshine each year, the Costa del Sol remains the most popular region of Spain to purchase a holiday home (Rightmove). With a diverse mix of culture, landscapes, beaches and properties available to purchase it’s a fantastic choice for those looking for anything from an affordable getaway, to an extravagant second home on the ‘Coast of the Sun’.
Costa Blanca, Spain
A real crowd pleaser, the Costa Blanca offers year-round sunshine, hundreds of miles of white sandy beaches and a buzzing holiday nightlife.
The Costa Blanca is a coast of two halves, with the north offering an excellent pace of life alongside authentic Spanish Culture, and the south promoting endless entertainment with a solid network of British home comforts, there’s plenty of property to go around on the ‘White Coast’.
The Algarve has long been popular with those from the UK, who account for 63% of buyers in the region (Savills).
One of Europe’s most popular tourist destinations, there’s high demand for summer rentals, making it an excellent destination for those wishing to rent their home out when they aren’t in residence. What’s more, the ‘Non-habitual Resident’ scheme offers tax advantages for those who are eligible in relocating to Portugal.
With over 3,000 hours of sunshine a year, average summer highs of 32degrees and over 25 golf courses alongside beaches, nature reserves & more – The Algarve will benefit from a deepening demand in the years to come.
France is the most popular tourist destination in the world and remains one of our top two favourite places to head when we’re buying a second home overseas. The Languedoc region in the south of the country is one that has been enjoying a steady increase in popularity with international buyers and is now one of the top 5 search locations in France (Rightmove).
The region is hugely diverse, offering historical sights and stunning features, as well as yielding fantastic wines and delectable sea food. It’s one of those places where people know how to enjoy & really make the most of life.
If you’re considering buying a second home in one of Europe’s hottest locations, contact our team today on +44 (0)1202 765011 or email [email protected] for more information.