TOP-SECOND-HOME-LOCATIONS-INCLUDES-CORNWALL

TOP SECOND HOME LOCATIONS INCLUDES CORNWALL

18.07.18

Kissimmee in Florida, Barcelona, and Cornwall are the best places to buy a holiday home to rent out in terms of being a good investment, according to new research.

They offer the best return on investment in terms of the cost of buying a 90 square meter property, the potential rental income and an analysis of the most popular locations for tourism and whether they are likely to remain popular.

The research from holiday home insurance company Schofields shows that the return in investment is 26.02% in Kissimmee, 18.78% in Barcelona and 12.01% in Cornwall, followed by 11.96% in Nice, France, then 8.71% in Lake Garda in Italy, 6.82% in Miami, 6.32% in Marbella, 5.61% in Faro, 3.35% in Avignon in the South of France and just 2.89% in the Lake District in England.

It says that Kissimmee, known for its theme parks, is an area is widely regarded as the top tourist destination in the United States, with good weather all year round and investors could see a potential return of over £30,000 each year.

Affordable property purchase prices and high holiday home rental yields in Barcelona means that there is the potential for investors to earn almost £38,000 after deducting costs annually on an average property priced at approximately £173,000.

The research also found that in house prices in the Kissimmee area of Florida have averaged at between $160,000 and $199,000 over the past three years and forecasts show that this rate will continue to rise, making it a good potential investment for the future while house prices are still comparatively low.

According to Phil Schofield, head of inbound marketing at Schofields, it is not surprising to see that Kissimmee tops the list of best return on investment property areas considering the climate and attractions. ‘It’s a hugely popular vacation destination for people around the world, even during the low season, meaning the demand for holiday homes is high, pushing rental prices higher, but property prices still remain low following the recession,’ he said.

He pointed out that while these areas may be the best statistically for return on investment for holiday homes, potential investors should also look at other factors to maximise their return including the precise location of the home and the potential to increase revenue.

‘Properties that hold poor ROI can increase the number of weeks the property is rented by simply investing in marketing and the amenities, giving you the opportunity to retrieve back more money on the original investment,’ he explained.

‘For ease of access and year round demand, finding the right property in Cornwall or the Lake District can be a shrewd investment, both for rental yields and capital appreciation,’ he added.

Abode Affiliates

  • Alleyne Real Estate
  • Blevins Franks
  • Coldwell Banker
  • Crane Resorts
  • Dost & Co
  • The Hideaways Club
  • Monaco Real Estates
  • RDO
  • Rosemont Consulting
  • St Francis Links
  • Unique Home Stays
  • Yoo
  • Worldwide Dream Villas
  • Cyan International Properties
  • Enigma Yachts Limited
  • Cornerstone Tax Advisors
  • Lida Cucina
  • Pedini London
  • Alexander James
  • Wings
  • Moore Stephen
  • Ibiza Transit Express
  • Oyster Yachts
  • Jumeirah
  • Knight Frank
  • Wall Street Luxury
  • Heron Real Estate
  • Edenhurst
  • MG&AG
  • Gama Property
  • Touch Design Group
  • CID
  • St Edward
  • Ultra Villa
  • Luxury Italian Living
  • Habitat First Group
  • BDO
  • 7Storeys
  • Smart Currency Exchange
  • Strutt and Parker
  • Prestige Architects
  • Worldwide Property
  • Panorama
  • Dimora
  • Dominic McKenzie Architects
  • The Coastal House
  • Chamonix Ski Chalet
  • Luxe Caribbean Properties
  • Harry Manning
  • Smart Living
  • Isle Blue
  • MAS Marbella
  • London Fractions
  • QTD
  • Page Architects
  • Millgate
  • Jersey Finance
  • guernsey-relocations-logo
  • viberts-logo
  • b-williams-management
  • kpmg-logo
  • author-interiors
  • Wilkinson Beven
  • BoConcept
  • Ante Vrban
  • Experience Invest
  • Move 2 Gozo
  • Deborah Garth
  • Extex
  • You home
  • Ra Shaw Designs
  • Sarason TV
  • Caudwell Collection
  • eastwood private client
  • accanto-interiors
  • Fritz Hansen
  • capital-rise
  • jarrods-staircase
  • neil-davies-logo
  • Tina Shone Group
  • Taplow riverside

Enter your dream destination