On 16.11. Telemarketing on NTV devoted itself to the topic “holiday property as an investment”. Guest in the studio was financial journalist Andreas Kunze. The low interest rates and price increases for residential properties are grounds for German investors to start looking abroad. Andreas Kunze recommends Spain or Italy, as prices are still relatively favorable in these countries due to the past crises.
When choosing a suitable property one should pay attention to the location, environment and substance, said the operator of finblog.de in the interview. It is important that you can imagine yourself spending your holiday in the property.
If the location is right a holiday home, for example in Mallorca, can generate attractive returns. Andreas Kunze:
“This year holiday rentals in Spain have generated a lot of money.”
Despite this investors should not be deceived by the high gross income, vacation rental is also associated with running costs, the expert warned. Kunze estimated the cost to be about 30-40% and a helpful tool for the calculation is the Porta Holiday yield calculator:
“Porta Holiday’s yield calculator, developed by scientists, is very well done.”
The complete interview with Andreas Kunze from finblog.de is available free of charge in NTV’s mediathek.