A second home offers you the chance to make a profoundly positive change to your lifestyle. Rather than holidaying in anonymous hotels or stranger's villas, you'll have the opportunity to create another home for yourself in your favourite holiday destination. But that's not the only benefit to owning a second home.
Second homes also represent a savvy investment. When you're not using the property, you can take advantage of the demand for holiday accommodation in the area by letting your second property out to tourists. While rates vary across the world, returns on holiday rentals are typically considerably greater than residential lets.
If you're smart with your purchase, there may be an opportunity for financial gain in the future, moving beyond the property's rental potential. With demand for property being generally higher in tourist hot spots, these areas are often a shrewd place to make an investment. Find an emerging holiday resort early on, and the value of your property could rise a good deal during your period of ownership.
Location is just as important for the purchase of your second house as for your first. While investment is a consideration, you must also focus on your own requirements. Whether you've already got a favourite holiday area or you're looking for some inspiration, our second home blogs will help you settle on a place to search – perhaps you've always dreamed of owning a home by the sea. Destination spotlights are a regular feature of Engel & Völkers blogs. We'll walk you through some of the most popular spots for a second property, as well as introducing you to a few hidden gems.
Likely features include the south coasts of France, Spain and Portugal, where large ex-pat communities combine with idyllic landscapes and a favourable climate all year round. We also look at options for those seeking the seclusion of an island with all the above benefits. We talk about how the healthy tourism industries in these areas contributes to the demand for second homes, as the potential for rental income is increased. Browse our blogs and current portfolio to get a feel for what's possible from your second house.