Buying a vacation home is an exceptionally exciting endeavor and a worthwhile investment. This type of property will serve as a home away from home, a faraway place to relax and unwind that’s always available to you. Moreover, you could also rent out your vacation home when it’s not used and earn passive income from it. But the question is: where will I purchase my vacation home?
If you’re on the hunt for the perfect rest house, we’ve listed some enchanting destinations that are all perfectly ideal for vacation investments.
The Philippines is a fairly affordable choice when it comes to the cost of living and the average cost of housing; it’s possible to live here with as little as $800 to $1,200 per month. For this reason, the Philippines is a popular choice for those who are planning to relocate or retire. Moreover, it’s also an excellent destination for a vacation home. You can easily find an apartment for sale in Cebu and various other top-rated places to live in the Philippines.
Best of all, the Philippines is also a top-rated travel destination, teeming with gorgeous beaches and lush mountains. The diverse tropical nature and wildlife here make it an ideal place to purchase a vacation house.
Greece is another well-known travel hotspot, with its blue waters, centuries-old temples and whitewashed houses the subject of many photos on social media. The natural and historic beauty here holds an incredibly romantic charm and the housing prices are also reasonable; the Greek housing market holds the lowest rates among 18 European regions.
There are tons of tourist attractions situated here, from Samaria Gorge and Mount Athos to the iconic Greek city of ancient Sparta.
Brazil ranks well on the Global Peace Index, and it’s also relatively affordable when it comes to housing. The tropical region is a worthwhile choice for a holiday home, as the region is famous for its vibrant nightlife, diverse culture, decadent cuisine, and so much more. There’s no doubt you won’t regret setting down vacation roots here by buying a second home abroad in Brazil!
Some of the most popular tourist attractions in Brazil include Rio de Janeiro, Foz do Iguaçu, Iracema beach, and many more.
Belize is the perfect place to invest in a vacation home if your idea of the perfect getaway is Caribbean bliss. It is also blessed with hundreds of small islands, rich marine life, and fascinating Mayan ruins that are sure to attract any traveler. This region boasts a growing real estate market and ample great investment opportunities.
Housing in Belize is also reasonably affordable, with housing prices ranging from around $150,000 to about $1,100,000.
Croatia is another excellent choice for an exotic vacation investment. This region is home to some of the most enchanting coastal views, and housing is also pretty affordable.
Tourism-wise, Croatia doesn’t disappoint. The country offers numerous medieval villages, towns, and even ancient castles. You can spend the day exploring these places and learning more about the country before heading back to your breathtaking vacation home.
Whether you decide to buy a vacation home in Croatia, the Philippines, or anywhere else, it’s imperative to research the destination and consider all the additional costs of buying foreign property. With this, you might find you need to pay foreign property tax. On the other hand, you may be entitled to some tax benefits when purchasing a second home abroad. Even so, buying a vacation home abroad still offers more benefits.