Are you looking to escape the cold, dark evenings and frosty mornings of winter in the UK? If so, you may wish to buy a holiday home in a location that is warm and sunny during this time of year.
Chris Nye at Property Guides rounds up the best value locations for a winter holiday home.
The best value locations for a winter holiday home – Madeira, Portugal
If you wish to invest in a property in Madeira, you could do so through Portugal’s Golden Visa scheme. It attracts many expats to the country every year. A simple investment is all it takes to gain five years of residency, with the opportunity to apply for permanent residency and citizenship. During those five years, there is no need to physically relocate there.
In terms of property prices, they can be very reasonable. City apartments in the capital, Funchal, are priced from around €120,000. However, there are plenty of rustic homes and renovation projects in villages for less than €100,000.
The best value locations for a winter holiday home – Canary Islands, Spain
The Canary Islands could also be a good place to invest in a property. The main island, Gran Canaria, has one of the highest annual rental yields in Spain. The Canary Islands also remain a very popular tourist destination.
Compared to the rest of Spain, the cost of buying property in the Canary Islands is relatively low. However, with seven islands to choose from, property prices can vary from island to island. You can find some very reasonable, small villas in coastal Fuerteventura for under €100,000. Tenerife and Grand Canaria offer plenty of choices, with both livelier and quieter areas that boast a whole range of prices.
The best value locations for a winter holiday home – Turkey
In September of this year, the Central Bank of the Republic of Turkey said that the average house is 4,054 Turkish lira per square metre or around £294 per square metre. Although house prices have risen recently, they remain extremely affordable. Antalya ranks as the number one place in Turkey for foreigners looking for a holiday home and prices per square metre are below the average at 4000 lira per square metre.
Didim on the Aegean coast has long been a favourite with British expats and has extremely affordable property prices compared to other areas in Turkey.
The best value locations for a winter holiday home – Florida, USA
During the winter months in Florida, naturally, the temperatures are slightly lower compared to the hot summers. However, it won’t get much colder than 16 ºC, even in January. You’ll also miss the wet season, which lasts from May to October. The dry season lasts from November to April with low levels of humidity, clear skies and mild temperatures.
You can buy affordable property in close proximity to either incredible beaches or attractions such as Disneyland and Universal Studios. Additionally, there is no state income tax, and any retirement income is exempt from state taxation. While the cost of living in Florida is around the US national average, you will pay below the odds for goods and services. However, make sure to be aware of homeowners insurance, which can be costly.
The best value locations for a winter holiday home – Egypt
Property prices in Egypt are extremely affordable and could make for an excellent investment. You can get a 2-bedroom apartment in the beach resort town of Hurghada for as little as £15,000. A beachfront property could cost up to £300,000, however. The cost of living is also very reasonable, even in popular beach resorts.