I’m a European and British citizen. Work all over the world, mainly Australia. Don’t want to buy a main residence right now as I’m too transitory but I like the idea of a holiday home so that I have a base for a month or two a year. Have heard horror stories of semi rural holiday homes being trashed in Eastern Europe. Considering Ireland but feels wrong when there’s such an acute housing crisis there right now. I’d be open to it being rented to someone else most of the year (maybe students would fit this bill) but not sure what countries have the set up for this with the needed laws and availability of rental agents to manage the property for you.
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How much time are you planning to stay in that holiday home?
If less than 2 months, just rent or pay hotels/resorts each year. You keep the flexibility, your money, and the tax headache.
Malta
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What type of holidays are you looking for? more hiking-mountain cabin? or more sea/beach type?, no budget limit?
The one where you can speak the local language would be a good starting place. Living anywhere where you cannot communicate normally can be a struggle.
Surely this depends on your likes and budget…Monaco vs Tirana as an example.
Portugal. It’s cheap and I heard you don’t have to pay property for the first 10 years after purchase.
Buying a home you use for a month or two is not a wise use of your capital. I mean unless you are loaded, like truly loaded, you have to carry it the whole year. Its very hard to manage a property when you are not actually there and finding a good property manager is no mean feat. Even if you buy the place all cash you still have to shell out for maintenance and if you have renters there are all kinds of things that can go wrong its a headache. Do yourself a favor and take a nice holiday every year without making it your all year problem.
netherlands, 10-20% property price increase YoY and if you rent it out <€800 a month you’ll make someone very happy