31 May '16, 10am

Asians are buying in prime holiday locations in Marbella:

A million dollars is what some HDB flats cost, but it can also buy you a beachfront property in Spain. Luxury holiday homes in countries like Spain and Italy are becoming more popular with Asian buyers due to lower prices and a more favourable investment climate. We investigate. By Romesh Navaratnarajah Thousands of Singaporeans are set to travel overseas to take advantage of the school holidays, which have just started. While many will choose to stay in hotels or Airbnb rentals, others would have purchased vacation homes that also help them earn extra income. How it works is the owners typically enjoy a one-month duration of stay, whilst the developer manages the property based on a rental pool for the rest of the year. As such, they receive returns during the months that they don’t occupy the unit. The trend of holiday home ownership has been catching on in recent years,...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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