French Alps, Portugal, Venice Set to See Boom in Travel & Property Investment

As more people get vaccinated for Covid-19 and nations around the world emerge from lockdown, many are considering international travel and investment for the first time in over a year. The EU has decided to ease travel restrictions on fully vaccinated tourists from n

BY Realty Plus
Published - Saturday, 22 May, 2021

French Alps, Portugal, Venice Set to See Boom in Travel & Property Investment

As more people get vaccinated for Covid-19 and nations around the world emerge from lockdown, many are considering international travel and investment for the first time in over a year. The EU has decided to ease travel restrictions on fully vaccinated tourists from non-EU countries, and aviation and travel groups are urging a reopening of travel between the U.S. and the U.K. With this reopening will come a travel and investment boom, many real estate experts anticipate. In popular holiday destinations, particularly ones that have year-round appeal like the French Alps, Venice, Mallorca and others, buyers who were once frequent visitors are now considering purchasing properties where they can settle in for longer stretches and work remotely. “People have moved away from the idea of a holiday home to a proper second home, especially in places that offer communities 52 weeks a year,” said Hugo Thistlethwayte, head of global residential operations at Savills in London. Those places that genuinely offer a community where people can work from home, like the Lisbon suburbs, and some of the ski resorts in the French Alps like Megeve, really stand to benefit. There has already been an uptick in inquiries in destinations throughout Europe, and this summer is expected to be a particularly busy season for buying.