5. ALICANTE, SPAIN
7. LISBON, PORTUGAL
From an initial investment standpoint, Alicante, Spain offers low average property prices and a steady rental market. Located in the southeast portion of the country, it’s a city that provides a coastline, an old town, nightlife, and culture. It also features sweeping views from the medieval Castillo de Santa Bárbara, set on a hilltop above town. With culture, history, architecture, and Spanish food, it’s no surprise that Alicante reels in four million visitors each year.
We’re not done with Portugal yet, as Lisbon takes the next spot on the list. The reasons are comparable to other cities in the country, such as high rankings for climate and well-rounded investment opportunities for homebuyers. Lisbon is the capital and largest city in Portugal, welcoming six million visitors annually. It’s known for its striking architecture, remarkable historic center, and delicious food. It also richly embraces the artistry of ceramic tiles, cobblestone streets, and medieval castles.
6. ALGARVE, PORTUGAL
8. SPLIT, CROATIA
Property prices in this south-central part of Portugal are a bit higher than in other well- known regions like Lisbon and Porto, perhaps due to clean coastal air. Plus, this area ranks high for safety and has an exceptional climate rating. If you plan to rent out a home here, you can expect to bring in a rental income ranging from $850-$1000 USD for a one-bedroom apartment. When it’s your turn to visit, you can enjoy one of many golf courses and Atlantic beaches. Since the Algarve is a region rather than a specific city, you can discover distinctly different cities with historic centers, robust cultural heritage, and lively cosmopolitan venues. Nature lovers will also love this area for hiking, cycling, boating, and other abundant outdoor activities.
A second Croatian city rounds out the list. Split is famed for its 1700-year-old UNESCO-listed Diocletian's Palace, and Klis Fortress, which dates back to the 7th century and was used as a filming location for the television series The Game of Thrones. It also sits along the Adriatic Sea, opening the door to water activities. Add majestic cathedrals, a lengthy promenade, a historic center, temples, and palaces to culminate an ongoing connection to history and culture. Split doesn’t rank as high as the others on the list for investment potential, especially considering its higher-than-average property price and lower-than-average rental income. However, with only 900,000 visitors annually there is still significant room for growth and it might just be the less-discovered option you’re looking for.
8
HOME SWEET HOME Magazine
Powered by FlippingBook