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Re:Investing in Holiday Homes (0 viewing) 
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TOPIC: Re:Investing in Holiday Homes
#34
david (Admin)
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Investing in Holiday Homes 1 Year ago Karma: 3  
If you're on the hunt for holiday accommodation complete with the comforts of your own home, then buying a holiday property may not only be a good financial investment, it's also a great way to boost your life_style_!

But before you begin your holiday home hunt, stop and consider whether returning to the same place for holidays year in, year out, is for you. If it is, then a sea or tree change investment property might be your ticket to paradise!

One of the most important issues to consider when choosing your property's location is its distance from your own home.

If you have a young family, for example, it's probably easier to buy in an area that is within driving distance of your home - ideal for short weekend escapes from the city!

For a young professional couple or empty nesters with time and money, an interstate holiday hide away may be more manageable.

If you're keen to explore the option of a holiday home, you should consider getting financial/tax advice, see your broker for recommendations. Here are some other key considerations:

The Pros
• Earn rental income by leasing out your property
• Claim tax deductions for the periods when you rent out your holiday home
• Purchasing the property can be a long-term investment to set you up comfortably for your retirement

The Cons
• Rental returns may fluctuate in line with the holiday season
• Regional properties may take longer to sell than their city counterparts
• The cost of property management and maintenance may be high
Buying a holiday home can be rewarding financially as well as positively impact on your life_style_. Speak to your broker to discuss which funding options best suit your needs and aspirations.
 
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#49
bhomesdubai (User)
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Re:Investing in Holiday Homes 6 Months, 1 Week ago Karma: 0  
hi
I totally agree with your comments investing ina holiday home its realy a nice choice but be sure you invest in a holiday place like Dubai.

Until a few years back, buying freehold property in Dubai was not possible for foreign nationals. Property boom in Dubai only ensued after some considerable changes were made to the emirate’s property laws. Currently, Dubai real estate sector is witnessing a rapid upward trend that’s expected to go even higher with the passage of time. Population of Dubai has grown manifold over the past few years given a sharp and growing increase in the number of expatriates. Both veteran and would-be investors across the globe are eying Dubai as the property investment paradise for a long time to come. Property for sale in Dubai has already succeeded in drawing the attention of foreign investors.

Investment in Dubai property, whether it’s buying property in Dubai for permanent relocation or business, or you simply want to cash in on the most popular investment trend in Dubai property i.e. buy-to-let, is very lucrative. The immense development Dubai continues to undergo with massive infrastructure projects reflects the exploding need for space for the country’s multiplying populace. Given these circumstances, the boom in Dubai Property market doesn’t seem to slow down at any point in the foreseeable future. These upward trends of Dubai real estate make investment in Dubai property extremely risk-free for foreign nationals and they can choose to invest in Dubai even with their eyes closed.

Nearly all of the buyers of Dubai Property find property resale and buy-to-let trend as the most attractive features of property ownership in Dubai. Some recent announcements point towards Dubai’s becoming a tourist hotspot in the near future with more recreation than ever. Newer entertainment and recreation projects are underway which have already drawn a great deal of international attention. The emirate, which is already termed as a playground in the desert, is soon to have more to offer to the world’s recreation seekers. This much international focus means an even stronger property market potential with returns that continue to shoot up.

To the benefit of investors, though not a positive sign for the buyers with no commercial intent, the demand for Dubai property, Dubai Property, Dubai villas or any other type of property in Dubai by far outstrips the supply. This demand/supply disparity makes Dubai property investment an extremely attractive prospect for the foreign investors. As the experts of Dubai property forecast, the market is lucrative for the investors who already bought property in Dubai. But the market is not so friendly for those seeking rental property right now. If you’re one of those lucky enough people who have already secured property in Dubai, you’re likely to be reaping profits. But if you’re on the lookout for a decent rental accommodation in Dubai, you might have a hard time ahead as the prices are very high and are set to rise higher.

Experts speculate that the population of Dubai will be doubled in 2010. This will turn Dubai into one of the world’s hottest destinations for expatriates and holidaymakers alike and this just bodes so exceptionally well for property investors.
Daniel Marshal
Dubai Property
 
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