TOP 3 EUROPEAN CITIES TO MAKE MONEY FROM HOLIDAY HOMES
Buying property and renting it out to travellers is one of the best ways to make money. People come from far and wide to visit great cities, and they need someplace to stay. Most holiday homes will make you a pretty penny, but some cities have more potential than others. Below, you’ll see the top European cities to make money from your holiday home investment:
Paris
If you look at lists of the most visited cities in Europe, Paris will always be near the top. It’s an iconic city, and the unique structure of the city districts makes it perfect for holiday home investors. Real estate is relatively affordable here too, and you can rent out a Parisian apartment to rake in a lot of money every month. The Eiffel Tower is brilliant as it is pretty much a magnet for tourists. So, you won’t struggle to find tenants at any point in the year. Also, one top tip, Paris plays host to the French Open tennis tournament during June every year. As a result, demand for accommodation increases, so you can earn lots of money during these two weeks.
Rome
Rome is one of the most widely visited cities in the entire world. There’s so much to see here, and so many places to buy a property and rent it out to eager travellers. In fact, a typical gestione AirBnB in Roma can earn around 3,000 Euros a month. There’s a lot of potential here, and the main reason to choose Rome is that it never dies down throughout the year. You have lots of historical places to visit and see, which is why it’s such a popular place no matter the seasons. Of course, summer is the peak time, so expect to see even bigger earnings during the hottest months of the year.
London
Yes, London is an exceptional city to make a lot of money from holiday homes. It’s always busy, and it also has the benefit of a pretty poor climate. You might think this counts against it, but it doesn’t. People don’t visit London for the weather, so it’s constantly full of tourists all year round. There’s no shortage of airports in the city either, which allows it to attract tourists from all four corners of the globe. To make things even better, hotels are known to be expensive in this city. So, people are looking for alternatives like AirBnB’s and other holiday homes. This opens up your options even more, meaning you shouldn’t struggle to find people that are keen to book a stay in your property.
If you’re looking to make as much money as possible from your holiday home, then these three cities are the best around. I do have a few honourable mentions as well; Amsterdam, Dublin, Edinburgh, Barcelona, Milan, and Mallorca. Regardless of what city you choose, there’s no denying that investing in property and renting it to holiday goers is a fine way to make lots of money all year round!
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