With so many gorgeous regions to select from, deciding where to buy property in Europe can be difficult. There are many appealing holiday places with practically year-round sunshine, beautiful turquoise waters, sun-soaked secret coves, and immaculate beaches.
Starting your search in an affluent or up-and-coming area is a good idea. ‘When considering buying homes for sale tulum mexico, always consider prime sites, since these will always maintain or raise the value of your property,’ says Smadar Kahana, Managing Director of Engel & Völkers Marbella.
If the return on investment isn’t your primary concern, you can broaden your search to meet your requirements. If you’re looking for a second house in Europe, you might be wondering if you can still do so after Brexit. The good news is that you may, but there will be some additional red tape.
However, don’t let the red tape stop you from purchasing a home in Europe. We’ve enlisted the help of a number of international real estate brokers to give you the lowdown on the greatest areas to buy property in Europe, from high-style spots in France (Deauville is beautiful) to wellness destinations in Switzerland (Davos is stunning).
1. Cyprus’ Limassol
Cyprus may be reached in less than four hours from London, Moscow, or Dubai. Its obvious appeal stems from the fact that it is renowned as Europe’s sunniest island, in addition to its easy accessibility.
‘Offering the island’s largest port, Limassol is a buzzing destination offering the best of cosmopolitan lifestyle mixed with a rich history and old world charm, with a vibrant center including restaurants, bars, boutiques, and the acclaimed Limassol Marina,’ says Matea Leko, Marketing and Sales Director for Londa Residences.
‘With a devoted cadre of sophisticated guests returning year after year, lured by Limassol’s beachfront location and boutique offering, it’s no surprise that villas in the area are in high demand.’
2. France’s St Emilion
St Emilion is a beautiful medieval village surrounded by some of the world’s most prestigious vineyards. The quaint town is a UNESCO World Heritage Site with attractive cobblestone alleys and picturesque views.
St Emilion boasts fantastic restaurant selections and some of the best croissants you will ever buy, according to Anthony Mackle, Commercial Agent at Maxwell-Baynes / Christie’s International Real Estate.
‘The beach is 90 minutes to the west, and the ski slopes are two hours to the south if you come at the proper time of year, providing a diverse lifestyle choice.
‘There are also bicycle excursions, wine tours, walking tours, underground cave tours, cultural music events, and jazz festivals in the area, all of which give the finest of the south of France.’
3. Mallorca’s Montuiri
The Balearic Islands are regarded as one of the best Mediterranean places in which to invest and acquire a vacation house. The demand for real estate in Mallorca, where Engel & Völkers has 19 property shops, has been exceptional this year, according to Hans Lenz, managing director of Engel & Völkers Mallorca Southwest. s.
He continues, “The company is on course to break all previous sales records in its 30-year history.”
‘From the Sierra Tramuntana (a UNESCO World Heritage Site) to the sandy beaches along the southwest, south, east, and north east coastlines to the more rocky and wilder west and north west coastlines, Mallorca provides a tremendous range of scenery.’
A hidden hotspot? Montuiri. ‘The surroundings of Montuiri are characterized by large cultivated fields, dry stone walls, and a quiet picturesque scenery,’ explains Andrea Berchtold, Executive Manager & Partner at Luxury Estates Mallorca/ Christies International Real Estate.
‘There are numerous big finca properties in the surrounding area, some of which are used as vacation houses, but many of them are permanent dwellings. The village of Montuiri has everything you need, and the surrounding villages have lots of weekly markets where you can stock up on local produce.
‘The central location is an excellent starting point for exploring all of Mallorca in under an hour.’ The Palma airport is 20 minutes away, the city of Palma is 25 minutes away, and the beaches in the south and north are 30 minutes away.’
As we become more conscious of the importance of mindfulness and nature in our lives, health and wellness resorts are becoming more popular.
‘Davos has long been known as a high-altitude wellness resort,’ explains Florian Walther, General Manager, Hard Rock Hotel Davos. ‘It became fashionable in the 1950s when German physician Alexander Spengler moved to the area and began to notice the extremely good health of those who lived there.’
‘Visitors began to flock to the Alps’ highest town to sample the unique microclimate.
‘Davos is becoming increasingly popular all year among travelers seeking unspoiled settings for wellness tours. Many people come for the clear, clean air and the chance to hike along spectacular routes while admiring the natural splendor of this Alpine resort.’
5. Spain’s Marbella
With 320 sunny days a year, the Costa del Sol has the best microclimate in Europe, as well as high-quality and modern infrastructure, stunning beach clubs, international schools, and top-notch health care, making it one of the best places in Europe to buy a second home.
‘So far in 2021, Marbella has had a 22% increase in sales, confirming its status as one of the favoured destinations in Spain for those seeking a second home or a more permanent relocation,’ says Mark Harvey, Partner, Department Head International Residential at Knight Frank.
‘This is because the city provides so many opportunities. Indeed, many professionals who may now work from anywhere in the globe prioritize health and wellness, seeking proximity to golf courses, tennis academies, marinas, and spas, all of which are readily available in Marbella.’
Marbella and the Costa del Sol have been attracting in international purchasers for years, according to Smadar Kahana, Managing Director of Engel & Völkers Marbella.
‘The populace is a diverse mix of countries, making it simple to establish yourself in the neighborhood.’
‘So, where should you put your money? Sierra Blanca, Golden Mile, Los Monteros, Puerto Banus, and Guadalmina are the most desirable districts in Marbella, where demand is always higher than supply,’ explains Smadar. .
‘Also, the Benahavs neighborhood is continuously developing and is a wonderful spot to buy because prices are always rising.
‘Deauville, Normandy, France, No. 6
Deauville is known as the “queen of the Norman beaches” and one of France’s most prominent coastal destinations, with its race track, harbour, international film festival, marinas, conference center, villas, Grand Casino, and opulent hotels.
The city and territory of the Côte Fleurie (Flowery Coast), which is the closest seaside resort to Paris, has long been home to French high society’s beach villas and is commonly referred to as the Parisian Riviera.
Deauville has been a fashionable holiday resort for the international upper class since the 19th century.
For the wealthy, Deauville is also a desirable family resort. It is perhaps most recognized in France for its part in Proust’s novel In Search of Lost Time.
‘Located only two hours from Paris, Normandy is a wonderful refuge of tranquility between sea and countryside,’ explains Alexis Caquet, Managing Director of Engel & Völkers Paris.
‘Deauville is highly sought after for its country-chic vibe, historic center, and authentic shopping streets.
‘Deauville is a location that has benefited from the increasing interest in second homes and green spaces as a result of the epidemic and confinement: the Deauville market saw a nearly 45 percent surge in demand in 2020.
‘Along with the seafront, the ‘Golden Triangle,’ which runs between the Normandy Hotel and the Royal Hotel and is surrounded by the Hippodrome, is a popular area in the centre of Deauville. Beautiful mansions in the Anglo-Norman style from the end of the 19th century are available for as little as 1,500,000 euros for a well-kept property of about 200 square meters.’
The Algarve is one of Europe’s premier beach and golf resorts. It has some of the world’s most magnificent beaches, particularly in the western Algarve (from Lagos to Sagres).
‘The coast west of Lagos, as far as Aljezur, passed through Sagres, remains one of the least spoilt portions of the Algarve,’ explains Sandra Matos, Director Office Manager at Engel & Völkers Lagos.
‘More than 60% is a natural protection area, making it very appealing and one of the greatest spots in the Algarve to buy a second house.’
‘Lagos is also one of the first cities in Portugal to join the ‘Slow City’ movement, which encourages us to live in a more natural rhythm for personal, social, community, and environmental growth.
‘The city benefits from all of the elements necessary for a wonderful vacation as well as a high-quality of life, as it offers the key tourist attractions such as the beach, golf, culture, leisure, gastronomy, sports, and nature.’
Tuscany, Italy (number 8)
Without Tuscany, our list of the greatest places to buy a second home in Europe would be incomplete. The famous green region of Italy, with its rolling hills and vineyards.
‘Tuscany distills the finest of Italy into a single location, so rich in heritage: art, architecture, history, culinary delights, and a profusion of stunning landscapes,’ says Knight Frank Associate Amy Redfern-Woods.
‘From the UNESCO World Heritage sites of Siena and Florence to the undulating hills and vineyards surrounding Lucca and Pienza to high-end seaside enclaves along the Italian Riviera, Tuscany is a location to inspire like no other – and the perfect area for a second home in Europe.’
8. The French Riviera
The temptation of the French Riviera’s glitz and glamour is stronger than ever, and second home purchasers can choose between sea-view luxury and a more rustic hilltop hideaway.
‘International purchasers from all over the world continue to flock to the South of France. Much of the South of France may offer a combination of sea and land cuisine, and local specialties such as olives, wines, and truffles are available,’ adds Jack Harris, Partner at Knight Frank.
‘It is a solid favorite of visitors from continental Europe and further afield due to the ease of connectivity by rail, plane, sea, and road. The South of France encompasses not just the Riviera’s magnificent beaches, but also lovely hilltop villages, wide lakes, and rolling vineyards.’
‘Menton (a pretty town that has retained its quaint village character); Saint-Jean-Cap-Ferrat (one of the most expensive residential areas in the world offering proximity to Monaco and natural beauty); and Fayence, Mougins, St Tropez, Cap d’Antibes, and Cannes, according to Marie-Claire Sangouard, Managing Director Engel & Völkers French Riviera.
What is the most affordable country in Europe to buy real estate?
If you want to acquire a second home in Europe but are on a tighter budget, there are still plenty of lovely, cheap options available. More reasonably priced markets, such as Bulgaria, Montenegro, Moldova, Romania, Latvia, and Lithuania, are recommended by Kate Everett-Allen, Partner, Head of International Research at Knight Frank.
If you’re looking to renovate a home, you might be able to find some great offers in more costly areas. However, be prepared to devote a few vacation days to the renovation project.