The Best European Cities To Purchase Property In
Having spent months on end under lockdown restrictions, many homeowners are predicted to expand their property portfolio when the pandemic finally comes to an end.
And rather than investing in property or holiday homes in the UK itself, it’s thought that many people will seek an escape to Europe instead, looking to make up for lost time and ensuring they find a great second home option.
But, with Europe comprising a number of countries, types of scenery and different ways of life, pinpointing the exact area to buy in can be a lot easier said than done.
Well, that’s where we can help – join us as we run through some of the best cities and countries we think you should consider investing in.
Whether you’re hoping to relocate entirely or are simply looking for a holiday home, we’ve got you covered.
Source: Promas Estates
If you’re looking for a sense of culture, openness and architecture, Malaga is the city for you.
Situated in the heart of the Costa del Sol, Malaga is an incredibly popular family-friendly city which attracts people and property investors from all walks of life.
Home to numerous retirees, expats, digital nomads, couples and members of the gay community, the city is well-known for its open-mindedness.
What’s more, Malaga is also known for its array of stunning beaches and the number of museums it has – the highest concentration per square kilometre in Europe.
Portugal’s third city is also its happiest and is the ideal place to invest in if you’re looking for great quality of life or somewhere you can utilise your love of exploring.
One of the better English-speaking countries in Europe, Braga is renowned for its history, gastronomy and tourism, and was recently recognised for its speed in tackling the COVID-19 pandemic.
Jobs-wise it’s pretty decent too with major international companies like Philips, Bosch and Continental, as well as a number of start-ups and high-tech companies stationed there.
The city also has excellent links to Porto airport which offers regular flights to most of Europe’s major cities.
San Sebastián, Spain
Another one of Spain’s highlights, San Sebastian is one of the gastronomic capitals of Europe and is home to some of the best beaches in the world.
An ideal destination for investors looking for an excellent quality of life and sense of culture, San Sebastian is located within the Basque Country – a region renowned for its strong personality and proximity to the French border.
While it may not get the same weather as Barcelona, Madrid or Seville, the city offers a whole lot more in terms of adventure and activity.
Whether it be surfing on the coast of the Bay of Biscay, enjoying dinner at a Michelin-starred restaurant or exploring the abundance of surrounding nature, you’ll be sure to enjoy your time living – or renting – a holiday home here.
If safety is a big concern for you, then Vienna – with the lowest crime rate in Europe – could be the ideal choice.
Perfect for investors looking for security, stability, affordability and culture, Austria’s capital is known as one of Europe’s most influential cities, often at the forefront of a range of environmental, ethical and societal issues.
It’s also a city where, if you enjoy life there, you tend to stay; typically, expats move on after five years but, in Vienna, they stay for their entire lives.
The local airport is also very well-connected, offering several flights to a wide range of destinations throughout Europe and beyond.
So, there you have it – some of the best European cities to think about investing in if you’re looking to relocate or purchase a holiday home.
The key thing to do is weigh up what exactly it is you’re looking for. If you’re looking for somewhere you can relax by the coast, that should rule out any landlocked countries.
Similarly, if you’re looking for somewhere you can get to fairly easily, it’s important to bear in mind the airline costs to travel back and forth.
Remember it’ll be you who’s living there so it needs to meet your exact needs – identify what these are first and you’ll be well on your way.