Having a place ready to head to when you need some relaxation, a family
holiday or just to get away is a dream for many. However, when it comes to
buying a holiday home, which locations should you be considering? A new
interactive tool from TotallyMoney gives you the perfect place to start
by revealing the top 25 holiday home locations for Brits.
From European hotspots including Spain, Italy and France to the USA and all
the way down under to Australia and New Zealand – the research explores a
number of different key decision-making factors including the average
property price, visa requirements and the average cost of flights to aid the
decision making process. The only question left is which destination is right
Location, Location, Location
1. Paphos, Cyprus – The coastal city lies on Cyprus’ coast and tops
our ranking as the best place for Brits to buy a holiday home abroad!
With access to beaches, archaeological sites and plenty of amenities
and entertainment, it’s clear to see how Paphos trumps its
2. Lanzarote, Spain – A tourist favourite, Lanzarote comes in second.
The most eastern Canary Island boasts beautiful beaches and national
parks, a sunny climate and a low average property price (£245,572),
average daily budget (£46) and average flight cost (£64).
3. Corfu, Greece – The largest Greek island is a real all-rounder,
offering plenty of entertainment for those looking to make the second
home investment. The sunny island is also a particularly cost-effective
location with affordable flight costs (£66) and a low average daily
4. Cork, Ireland – Although not a in the lead for its climate, the scenic
Irish city of Cork is home to both architectural beauty and quaint
beaches. The city creeps its way up the rankings due to the low cost of
both housing (£220,757) and daily budget (£36). The ease of travelling
to the destination also makes Cork an easy holiday home getaway to
visit throughout the year.
5. Florida, USA (Orlando) – A favourite with children and adults alike,
Orlando in Florida is famously the home of Disney and Universal
Studios. The popular holiday location comes in fifth in our charts
despite the high property cost (£969,145) and expensive daily budget
(£163) involved. However, the high costs are balanced by a soaring
average summer temperatures of 30 degrees Celsius and plenty of
entertainment and food options.
“Purchasing a holiday home is a big investment and one that requires a lot of
research” said Joe Gardiner, TotallyMoney’s Head of Brand and
Communications, “It’s important to consider all of the factors before buying,
we aim to make this easier and alleviate some of the pressure when making
such an important financial decision.”