Why is buying overseas property by the sea a smart investment decision?

The significance of foreign real estate by the sea

Foreign real estate on the seaside represents an excellent investment opportunity. It is not only a financial asset but also a chance to realize the dream of having a personal cozy retreat. Owning a home by the sea eliminates the need to constantly search for suitable hotel or accommodation options, where service levels are high and prices remain reasonable.

Goals of buying real estate by the sea

Real estate by the sea is purchased not only for personal use but also for the purpose of generating rental income. Even if you are considering using the property solely for yourself, it is still viewed as an asset. In the future, you will have the opportunity to sell this property and recover at least part of your investment if the need arises. In a favorable market situation, selling could lead to significant profit.

Nevertheless, it is important to consider that there is often a risk of asset value decline. However, this risk is typical for any type of real estate investment.

Renting as a way to generate income

If you are aiming to generate income, renting out property will be the most sensible option. Moreover, the closer your property is to the beach, the better your chances of increasing your income. Rental rates depend on a variety of factors, such as:

• type of real estate
• seasonal fluctuations
• location (proximity to the sea)
• duration of rental (long-term or short-term)
• the popularity of a specific resort

Types of rental: long-term and short-term

Most often, long-term rentals are more profitable. Long-term contracts typically last at least one month. During the high season at resorts, there is increased interest in short-term rentals, usually ranging from one day to a week. The cost of such rentals for a week can be equal to or even exceed that of a month. This allows owners to recoup their investments more quickly, for example, within 2-3 months, and also save on their own vacation.

Expenses for property maintenance

For example, the maintenance costs for an apartment of 75-80 square meters in one of the Spanish resorts can amount to approximately€2000 per yearThis amount includes all necessary expenses:

• utilities (water, electricity, gas, garbage collection, internet)
• property taxes
• income tax

These expenses are relevant even if you do not plan to rent out the property.

Income from rental during the high season

In the high season, similar accommodation can be offered for rent starting from€350 to €1000In a week, depending on the location. This creates great opportunities for owners to significantly cover their annual housing maintenance costs while also earning decent income during the resort season.

Conclusion

Certainly, the figures may vary depending on the region or country you choose, but the basic principles of calculating costs and potential profits remain universal for most destinations. The longer the tourist season in the country you are interested in, the more favorable the prospects for generating income from renting out your apartment by the coast. This creates numerous opportunities for those who want not only to enjoy their vacation but also to profit from their property.

With limited time for relaxation, the financial costs of maintaining a home decrease, as in most countries, utility payments are based on meter readings. This means that you only pay for the services you actually used.

Key aspects of investing in real estate

It's important to consider several factors, especially if you intend to sell your property profitably in the future.

Conclusion

Considering foreign seaside real estate, I realize that it's not just a purchase for investment purposes, but also an opportunity to create a cozy space for relaxation that can be tailored to my needs and desires. It's a versatile acquisition that offers benefits in many aspects: from eliminating the need to constantly search for a hotel to the possibility of earning income through rentals.

However, it is worth rememberingLike any investment, purchasing real estate comes with risks. It's important to keep an eye on market trends and choose liquid properties at reasonable prices to minimize potential losses and retain the option for future resale.

Popular countries for investment

I noted that countries like Spain and Bulgaria, which offer affordable options, continue to attract buyers' attention.

• Spain:rising prices and a variety of resorts.
• Bulgaria:low prices and high rental yield indicators.

It's also important to consider seasonality, as having a long-term or short-term tenant can significantly impact your income. Understanding all the nuances related to renting, as well as the costs of maintaining the property, will help you maximize the benefits of your purchase.

Conclusion

Thus, investing in overseas real estate by the sea is not just a financial strategy, but also an opportunity to create a place that you always want to return to, where you can bring friends and family, and enjoy the beauty of life by the sea. I am confident that this decision will mark the beginning of a new and exciting chapter in the life of anyone who chooses to invest in their dream of having their own corner by the sea.