Owning a home overseas doesn’t just have to be about having a holiday escape. It can be a practical and profitable decision, too.

Whether you’re looking for a place to spend your summers, a place to stay while on business trips or an investment opportunity, owning an overseas property offers financial benefits, rental income opportunities and even tax advantages.

Turn holidays into an investment opportunity

Buying a home abroad allows you to combine leisure with financial gain.

Instead of spending on hotels, you can invest in a property that earns income when you’re not using it.

Short-term rentals in tourist-friendly locations can bring strong returns, while long-term lets provide steady income.

Be sure to research local rental laws before buying, though, as some countries have restrictions on short-term letting.

Make the most of tax and visa benefits

Some countries offer tax breaks or residency incentives for property buyers.

Portugal’s golden visa scheme, for example, has been a popular route to residency through real estate investment. Greece and Spain also offer attractive options for retirees and investors.

Lower property taxes in certain destinations can also make overseas property more affordable than buying in the UK.

Always consult a tax expert to understand how overseas property ownership affects your tax situation.

Use your overseas home as a base for new opportunities

Your property abroad can be more than just a holiday retreat – it can also open doors to new business ventures or lifestyle changes.

Whether you’re exploring a second career, working remotely or simply embracing a different pace of life, having a home overseas gives you the flexibility to adapt.

Choosing a destination with a strong expat community can make the transition easier and provide local networking opportunities.

Generate multiple income streams

If you have the budget, you can generate year-round income by owning homes in multiple locations.

A beachside apartment in Spain, for example, could attract summer holidaymakers paying peak-season prices, while a ski chalet in France does the same during the winter months.

If you plan carefully, you can enjoy your homes when it’s quiet and rent them out when demand is highest.

Final thoughts

When choosing a location, think beyond the initial purchase. Consider local healthcare, transport links and the cost of living – especially if you’re buying with retirement in mind. Research how property values have changed over time and what the market looks like for resale.

 

Our guides have all the information you need for buying property overseas. Access them here.

 

Currency Zone

For guidance on managing your exposure to the ever-changing currency markets, head to our Currency Zone. We partner with Smart Currency Exchange, an FCA-authorised currency specialist. Choosing to work with a currency specialist rather than your high-street bank will enable you to benefit from their competitive exchange rates and specialist currency knowledge. For more information, head to our Currency Zone.

Written by PropertyGuides for Rightmove