Despite a widespread belief that holiday homes across Europe and North America would be too costly for purchase and upkeep, recent research has shown that holiday homes in locations from Florida to Marrakech have plummeted in price, making them more affordable to Britons.
“A lot of Britons believe Florida, South Africa or Portugal may be simply too expensive for them. But the price falls of recent years mean many more areas are affordable,” Charles Weston Baker, head of international holiday homes at Savills, told the Daily Mail.
“Some places have kept their value but many others have been reduced, so this is a new way of informing buyers,” he said.
Holiday homes can be a great way to experience a culture or place in the long term, whether a prospective buyer is looking for a warm, sunny destination or one to facilitate ski holiday in the region.
The Mail found that apartments in Geneva – which accommodate visitors for ski holidays in Geneva – would costs fractions of the price of lodging in nearby ski resorts. One holiday homeowner interviewed by the publication spoke to the benefits of purchasing a home in Austria.
“We wanted a ski property but didn’t set out for it to be in Austria,” Peter Harrison said. “We found that we simply got so much more for our money there.”
Harrison said that the town his home resides in hosts activities year round – such as a renowned ski school in the winter and nature conservatory in the summer – and is well serviced by flights to Salzburg.