Countries To Consider For A Holiday Home

| July 13, 2017 | 0 Comments

The idea of having a holiday home always seemed like an exotic dream, but is it really impossible to buy property abroad? Many countries are still recovering from the latest recession, so the prices may not be as unattainable as you might think. Of course, there are still plenty of things to consider before investing in property abroad, but if you’re just fantasizing for the time being, here are a few countries to consider on your list.

Florida, USA

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It might not be the most exotic location, but many Americans living on the upper East coast dream about migrating to Florida every winter. Whether you choose the tourist towns of Orlando and Miami, or the quieter city of Tallahassee, you’re pretty much guaranteed to have a golden winter. Many Tallahassee properties are available on manausa.com, so you could find the property and the city that best suits you, your family, and your budget. Florida has excellent weather year round, so you could also make some extra money renting it out to other people hoping to enjoy a short vacation or a slightly longer sabbatical.

Mexico

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The recession took its toll on Mexico, especially in places that were popular for second-home markets, but as a result the U.S. dollar is at historic highs against the Mexican peso, resulting in some terrific bargains. The cost of living is unbelievably low (even in expensive areas), and the cost of real estate priced in pesos is at bargain levels right now. Mexico also has some of the most beautiful coastline cities, such as Puerto Vallarta, Guanajuato, or Cancun, so it’s definitely worth checking out.

Italy

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Italy is more than just a sunny beach retreat with added culture and superb cuisine; it’s dripping with warmth, both from the sun and from the locals, and the rich history gives it such a cultural depth that you could spend years trying to learn all its secrets. Right now, it’s a great time to buy in Italy because the prices have fallen, and recent research forecasts a further average price fall of 1.6 percent and that the average discount on asking prices is running at just over 13 percent. To give you a better idea, the average real selling price of a nicely restored farmhouse in Tuscany, with good views and a pool, has now reduced about 25 percent since 2008.

Thailand

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It might not be the first place that comes to mind, but Thailand offers all the benefits of a sunny getaway, with an added focus on tranquility and relaxation due to the high number of spas and yoga retreats in the country, particularly in the coastal areas. Purchasing a holiday home in Thailand is quite the bargain when compared to most other tourist and expat locations. It is unbelievably easy to to find yourself a safe area to buy within friendly communities, and you can get a luxury apartment for practically nothing if you buy early from a developer eager to secure sales.

 

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