The globe has been almost completely immersed in economic downfall. With the ups and down on each continent it is evident how quickly money comes and goes. With that being said, the cash is flowing back into the hands of people worldwide. Many of the worlds wealthiest choose to spend their money not only on fashion, cars, and vacations but real estate too. Property has become a huge symbol of wealth and with today’s wealthiest holiday homes are a must. These 5 destinations are bursting with investment opportunities and extremely high in demand.
The Swiss are not only ahead of the game in regards to environmental awareness, prison systems and well, almost everything but they are at the forefront when it comes to the property market. Having o global threats or any enemies the country is a sought out vacation destination and a place of economic stability for investors. The Swiss are lax in terms of renting, leasing and business in Switzerland when one is a foreigner- this adding to its desirability for business use. The only strict aspect relates to the laws forbidding owning a second home- causing commercial property to spike.
With an income of $6 billion solely from their tourism division, New Zealand’s property is on fire. The country is a year-round tourist destination and thus, promotes a strong economy. For winter lovers it is a popular ski destination in the winter and for summer lovers- it boasts beautiful beaches and vineyards in the summer months. New Zealand has incredibly lax tax laws- one of them being no estate tax. Foreign investors who invest less than NZ$ 10,000,000 can do so freely without permission from the Overseas Investment Office. It is riddled with investment opportunities of both the commercial and more personal nature.
This magnificent city with a population of 1.5 million people is a somewhat conservative and smart choice. The city boasts just as much history and background as anywhere else in Italy but has been deemed way more affordable. With Italy’s economy repairing itself and its tourism surge the city promotes further growth and opportunity. Based in the Italian Riviera- it encapsulates beautiful sea-side villages and homes. The city is the perfect destination for a 2nd home/ vacation home rather than commercial investment. The British are seeking out property here so, get yours whilst you can.