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Where to buy your holiday home

The advantages to buying a holiday home are well documented, some purchase simply to have a home away from home, some see the possibility of making some adding money.

However I think the hardest decision is deciding where to purchase your home.

For Brits, Spain is the most popular choice, with 66% opting to buy a property there. The weather, the standard of life and the culture, makes Spain a very appealing place and therefore a good sound investment.
There are currently 3.3 million holiday homes in
Spain and demand is rising by three percent year on year based on the last decade. Firstly, this means that there is always going to be a demand for people wanting to rent your property while you’re not there. Secondly, house prices are set to rise with so much demand meaning that when it comes to selling up you are bound to make a healthy profit.

Another healthy market is Florida, the sunshine state, home of Disney. Florida and mainly the Orlando area are popular all year round due to its great weather, superb entertainment and beautiful beaches. Obviously its biggest pull is Disney and the potential to rent out your property when you are not occupying it is very good. Buying when the dollar is weak is key to healthy margins; also remember that we offer you the advantage of advertising your holiday home for free. I would suggest though looking in to insuring against hurricane damage.

France is also very popular, it offers culture, weather and has a big market in the U.S. Portugal is quickly becoming popular due to its weather, great beaches plus at present prices are lower than Spain and Florida etc.

The best piece of advice I can give you is to choose a location you like, feel comfortable with and have at least visited a few times before.

My five rules for holiday home letting

•Choose a good location

•Two and three bedroom properties are better for families and groups of friends

•Keep the property well-maintained and attractive

•Look at hiring a letting agent. Management fees can range from 15-30%

•Keep the property fully insured

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