European cities growing in popularity

Major cities in Europe are becoming an increasingly popular option for holiday home investors, according to reports.

The Times states that, with British buyers looking for "back-to-basics property investment" in light of the current economic situation, city homes have emerged as an attractive alternative to properties in quiet areas.

According to the newspaper, the change also reflects a wider shift in holiday habits, with many people preferring short city breaks booked on the internet to more conventional vacations.

By purchasing a holiday home in a European city location, investors can gain easy access to weekend breaks and potentially tap in to a lucrative rental market.

The Times identifies places such as Paris, Barcelona and Florence as popular locations for city property investors.

A recent survey from currency specialist HiFX found that 24 per cent of Britons are considering an overseas property purchase.
 

Like this? Then share with your friends and colleagues!