If you are considering buying foreign real estate for investment purposes and are interested in earning income from renting out real estate, then in this review you will find a comparison of the pros and cons of investing in resort real estate from around the world.
Sea resorts
Real estate in seaside resorts
Many popular resorts in the world offer excellent opportunities not only for recreation, but also for stable earnings. Developers of seaside regions perfectly understand the specifics of resort housing. Offers of foreign real estate in modern complexes often already include a range of services from a management company for renting out property. Already at the stage of choosing options and discussing the advantages of a particular project, you can familiarize yourself not only with the contract for the purchase of foreign real estate, the contract for the maintenance of the complex, but also request a contract for the rental of foreign real estate, where all the conditions, the size of your income and the timing of cash payments will be prescribed. Such services are most developed in the resorts of Spain.
The coast of Montenegro offers interesting real estate options with excellent characteristics for rent. Only here you can find a large selection of houses in Montenegro, where there is a division into a master part and apartments with a separate entrance for renting to vacationers.
When planning to rent out real estate abroad, pay attention to the significant fluctuations in income caused by the tourist seasonality.
Year-round resorts
If you intend to avoid seasonal fluctuations in prices and receive a stable income all year round, but at the same time have the opportunity to enjoy the sea and the sun, then you should pay attention to the large cities of the French Riviera. For example, rent in Nice is in demand all year round, there are a lot of tourists here in summer, and in winter small studio apartments are rented by students from all over the world who come to study at a local university.
Star Cannes became famous thanks to the glamorous film festival. However, local real estate is perfectly rented out at any time of the year thanks to the world exhibitions and forums that take place at the Palais des Festivals on the Croisette all year round.
Buying a property in the south of France in order to earn income from renting is a very profitable business. It is worth considering that most of the options are booked a year in advance, immediately after the end of the season. In the summer or on the eve of major exhibitions and festivals, it is almost impossible to find something a week before the desired date. A 1-2-room apartment in the south of France can be rented from 600 to 800 euros per month, in high season from mid-May to the end of September, a resort apartment for this price can be rented per week.
Year-round resorts
Thermal resorts in the northItaly also attracts vacationers without dividing into high and low seasons. However, the cost of real estate in prestigious areas of Italy is quite high.
Buyers with a small budget of 50 thousand euros should take a closer look at Hungary. Heviz and Balaton are popular all year round thanks to the beautiful thermal springs. At the same time, therapeutic and restorative procedures require visiting baths and undergoing procedures from 10 days to several months, so many prefer to rent housing rather than stay in hotels.
Rent inThailand is also popular among tourists coming here from all over the world. Even in Russia in recent years, it has become increasingly popular among women with preschool children to fly to Thailand for 2-3 winter months. A wonderful climate, sandy beaches, fresh and cheap fruits and vegetables are an ideal alternative to a dank climate and a prolonged slushy winter.
The cost of renting a small apartment in Pattaya starts from $ 60. per day, with an average price in the region of $ 120. A cozy townhouse near the coast is rented for an average of $ 220. per day. The cost of the villas starts from $ 300.
