Never miss an important update
Click to get notified about important updates only.
Opportunities are Infinite
The European cities Amsterdam, Barcelona, Berlin, Bordeaux, Brussels, Krakow, Munich, Paris, Valencia and Vienna have seen explosive growths, in terms of, short stay letting where the houses are rented out more lucratively to tourists. Even the investors seeking opportunities in Dubai are given a backdoor entry into Europe were buying properties worth over €100,000 can get a citizenship, in some eastern European nations. There has been no impact of Brexit on property prices in Spain where buyers are investing in holiday destinations and the price is low as compared to Portugal where the average rate of homes can be over £156,871 (aplaceinthesun.com 2019 report).
The property experts in Europe say the markets are unlikely to see a drop in price, even during the Brexit. The UK leaving or not leaving may have no impact on the price of holiday homes in the EU nations, and the cost and the right to purchase will remain the same after Brexit.
New regulations have been made by the local government to prevent housing shortage in some of the key EU holiday destinations. In Paris, the landlords will have to pay a fine for failing to register to the city hall before letting the property, while, in Amsterdam, the government has cut the annual limit for holiday lets to 2 months in 12. In the last few months, Barcelona suspected a number of new short-term rental permits due to the shortage created by new holiday home investments.
Copyright © 2019 99alternatives Ltd. All rights reserved.