During the boom years, many of us had the luxury of treating ourselves to an investment holiday home. For me, that term always seemed like a cleverly disguised contradiction, as a property you use for your holidays will rarely, if ever, provide a rental income that covers your mortgage or a sound exit strategy when you've grown tired of using it.
There may be a couple of exceptions, but my view has always been that if you want to make money, you would be better off investing in urban locations, with strong local demand, year round rental income and a clear exit strategy. Use the rental income and profits to rent an amazing holiday home every year - there's no shortage of rental websites advertising empty properties out there.
Our property market is changing incredibly fast at the moment, and we understand that the combination of the global credit crunch and our struggling domestic property markets have changed the way many of our clients approach new investments. In order for us to better tailor our future product offers to your changing needs, please feel free to tell us which factors are most important for you when considering an overseas property purchase.
You'll find a list of these factors by clicking on the link below.
Preview Future Project Launches
Best Regards
Colin Murphy
Director
Someplace Else Ireland
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