When it comes to investing in a property, you’re going to want to ensure that you’re choosing the best location throughout Europe and the rest of the world. If you’re considering investing in Europe, then there are plenty of places that you might want to put on the top of your list for aspects such as low rental costs, high yields, transaction costs, and what the markets are set to be like. There are number of different factors that you should be considering when it comes to investing in property, particularly in Europe, so we’ve put together a list of some of the best locations to help you along the way.
Tuscany, Italy
Property prices are anything but stable in Italy and are continually rising and falling, making it a relatively unstable country to invest in. However, if Italy has taken your heart and you want to invest in a property in the sun, then Italy could be one of the best countries for you in terms of culture and demand. Everything quintessentially Italian is located in Tuscany, including Florence and Pisa, and the beautiful regions are certainly captivating. Properties in Tuscany, and throughout a lot of Italy away from the larger cities such as Rome, are relatively cheaply priced. Although there country are strongly pro-tenant in terms of their laws, high round-trip transaction costs and high income taxes, the work/life balance and strongly relaxing atmosphere truly balance it out. On top of this, there are plenty of fast and affordable removals to Italy to help those who are renting your property that you’re looking to invest in.
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Amsterdam, Netherlands
When it comes to Amsterdam, there’s not a lot of short-falls. Whether you’re looking to travel there, start a business or invest in property in the country, Amsterdam is relatively great in all circumstances. When it comes to investing in property in Amsterdam, there are moderate yields and transaction costs which are always a bonus. On top of this, there is a relatively moderate income taxes on property out there, making it a great location for investors. With moderate yields in the country the only downside to investing in property in Amsterdam is the fact that they have a very pro-tenant rental market. Amsterdam is also an exceptional tourist destination, so even if you’re not looking to have full time tenants, you can be certain to find uses for holidaymakers to rent your property in the city.
Budapest, Hungary
Budapest is one of the most beautiful cities in the world and with very low costs throughout the entire investing process including transaction costs and with good yields there’s plenty of opportunities in Budapest that should be considered when it comes to investing in Europe. Another bonus of Budapest is that the country is very pro-landlord in terms of the law. However, there’s a few minor ownership regulations to take into consideration when it comes to investing in property in the country, and on top of this, there’s moderate to high rental income taxes. Nevertheless you may not be affected too much by these depending on the property and the price of the rent.
