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June 17, 2015

5 Places to Consider Purchasing a Second Luxury Property

by Author

There truly is no place like home, but sometimes it’s nice to escape the familiarity and routine that accompanies everyday life. However, finding accommodations before travelling requires you to plan and research, and even then hotels may not always meet all of your expectations.   Compromise is not inevitable though when you own a second house in another country.

Having a vacation or secondary estate enables you to enjoy all the comforts and privacy of home, but also allows you to immerse yourself in a new or different environment. Many luxury real estate markets around the world have experienced a resurgence in sales and as a result, more properties are being advertised.

People have also developed a renewed interest and confidence in these flourishing markets and are buying in traditional locations like Costa Rica as well as up-and-coming markets like South Africa. With the advancement of globalization, technology and communications, you can live almost anywhere in the world, but we’ve compiled a list of 5 places that are worth a look if you’re considering purchasing a second home.   

 

Barcelona, Spain 

Barcelona, Spain

The romantic European country of Spain is attracting many foreign property buyers for a few reasons. It is a beautiful place with a diverse landscape, it is full of culture and history, and its upscale homes are undervalued. Spain was one of the countries in Europe hardest hit by the global economic crisis and home values cumulatively dropped as much as 40 per cent, reported the Globe and Mail. Prime locations in Barcelona didn’t suffer as much, but prices still dropped 25 per cent. Sales numbers have increased since 2013 and the housing marketing is gaining stability and confidence again.

 

Tuscany, Italy 

Tuscany, Italy

 The charming area of Tuscany embodies the very essence of Italy. Here you’ll find Florence, Siena, Pisa, and Livorno. There is no shortage of rolling green hills, fine wines and majestic villas in this picture-perfect region. Tuscany is one of the most expensive places in Italy to purchase a house in, but for good reason.   

 

Durban, South Africa 

Durban, South Africa

 Durban is the perfect place for people that want to enjoy the city and the beach. Durban’s Golden Mile beachfront has attracted surfers and families for many years, but now that it is hosting the 2022 Commonwealth Games, infrastructure in the area is expected to be revitalized, new homes will be built, and luxury investors will be moving in.

 

Guanacaste, Costa Rica 

Guanacaste, Costa Rica

Located in the northwestern part of Costa Rica, Guanacaste is beautifully decorated with volcanos, rivers and beaches. It receives the least rain and has the most sunny days, too. Years ago, the coastal area was dotted with small fishing villages, and residents can still purchase freshly-caught seafood today, but there are also boutique clothing stores, golf courses, and tennis clubs thanks to an increase of luxury properties established in Guanacaste.

 

Beverly Hills, California 

Beverly Hills, California

Beverly Hills has been a world leader in luxury real estate for quite some time, and it should be no surprise that it boasts the highest luxury home point of entry. Homes here are modern, vast and filled with high-end features and amenities. A-list celebrities are enamored with Beverly Hills, as is anyone who enjoys the finer things in life. 

If you are interested in purchasing a luxury home, either locally or abroad, please contact a representative of Hammond International Properties at 1.877.702.7870 or email info@hammondinternationalproperties.com.