Europe has always been a favorite travel destination, thanks to everything from the breathtaking Swiss Alps to the romantic cruises through Venice’s canals. With so many stunning places to pick from, including Rome, Barcelona, Paris, and Berlin, it’s understandable why people would want to own vacation rental properties in Europe. So, if you’re interested in investing in vacation rental properties, here are some of the best locations in European countries to help you make a perfect choice.
Naples, Italy
All of Italy is surely among the most popular travel destinations in the world. Thanks to famous cities like Rome, Milan, and Venice, Italy is renowned in the travel industry. One of the top tourist destinations in Italy is Naples due to its rich history, art, and delicious cuisine. Even though they have a higher than average crime rate, your tenants don’t have to worry if your vacation rental is close to the city. Although Naples isn’t as commercialized as Rome, it still provides visitors with an authentic Italian experience with amazing places to explore like castles, historic sites, and stunning architecture.
Ibiza, Spain
When investing in a vacation rental property, Barcelona isn’t the only place in Spain to take into account. Another popular option to consider is the tiny island of Ibiza. It’s one of the best spots for visitors if they want a retreat or are just daydreamers. The beach of Aguas Blancas is surely one of the favorite places for locals to watch the sunrise. It’s the ideal spot to catch the first rays of the sun as it’s located on the north side of the island. Moreover, the nightlife in Ibiza with plenty of venues to dance, drink, and talk for the whole night is not to be disregarded either. Although it’s an exciting experience to live and work in another country, your tenants still have some things to consider before moving abroad like paperwork, removals, culture and language, and insurance.
Bar, Montenegro
With its great climate, sound economy, and reasonable prices, Montenegro is one of Europe’s rising property destinations. This little Eastern European country has experienced strong growth in recent years, and all signs point to more expansion. When it comes to the coastal town of Bar, Montenegro, it’s a great place to invest in a vacation rental property. Bar’s real estate market offers a variety of options that are perfect for those searching for a dream home in the new or old part of the town, with different styles of architecture, contemporary squares, wide boulevards, and coastal promenades with plenty of plants characteristic of the Mediterranean, like pines, palms, agaves, and oleanders. With so many amazing rental properties, you won’t have to worry about finding your ideal property for sale in this historically important part of Montenegro.
Edinburgh, Scotland
Edinburgh is a historic city that is proud to have a museum that’s entirely dedicated to writers. People can spend a week enjoying the summer festivals and staying busy exploring Edinburgh castle. There are plenty of things to do, like going dancing, visiting the Royal Mile, or stopping at the Whiskey Shop while there. Also, tourists can try whiskey at this store and see the whiskey-making process. Not only is it a great spot for drinking and traveling, but Edinburgh is also an amazing place to take the family. You can visit nearby parks and places like Gorgie Farm. If you’re thinking about one of these locations, look for a rental lender you can trust, particularly if you want to invest in a vacation rental abroad.
Crete, Greece
Even though it’s technically not a recent discovery, Crete still belongs to one of the best locations in European countries for investing in vacation rental properties for a number of reasons. Besides its natural beauty, Crete’s also an excellent choice for those who are new to the vacation rental investment industry. After the housing crisis of 2008, Greece suffered largely, and the country’s numbers are still slowly returning to a normal rate. Consequently, American interest rates, tax rates, and housing prices continue to be lower than those in Europe. Despite the continual expansion of the property market, demand in Crete is better than ever.
Summing up
If investing in a vacation rental property in Europe has always been high on your wishlist, consider one of these locations to help you make a perfect choice.
