Buying a holiday let

Published on 10 October 2014

When considering an investment property for sale, renting it to holiday makers will be a major factor, therefore not only must the property be bought at the right price, but its location is of key importance. Having someone close by to take care of cleaning, maintenance and changeovers is also essential as this will ensure repeat bookings.

Finding investment property for sale

The majority of holiday properties abroad that are for sale in Europe will be freehold and can be found through agencies; however, bear in mind that when purchasing through an agent, the commission is paid by the buyer and can add as much as seven percent to the total cost of the property. Another option that is now very popular is buy-to-let, which enables you to purchase directly from a company such as Pierre & Vacances Property Investment. This is the perfect solution because not only will you be buying in prime locations, but Pierre & Vacances Property Investment will rent your property out for you and take care of it and your clients for a period of ten years, after which time the property will be yours to decide whether you wish to continue renting or to live in it full-time yourself.

How to maximise income from a property abroad

When you buy property abroad, ensure that it is located in a popular area, perhaps close to the centre of Paris and the Metro train line, the South of France, such as Cannes or Cap Esterel or a popular ski resort; maybe Flaine or Alpe d’Huez in the French Alps. If you like the countryside, then it is possible to buy a buy-to-let situated in a leisure park with full amenities. It should also be a place where you would like to take your own holidays, although you must bear in mind that in order to maximise your income, you may not be able to use it yourself at peak times.

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