Yes. I would not be purchasing it as an investment. Rather I would be purchasing it for both myself and my wife to enjoy and also for my children. I would not want to stop travelling to other places as well as we enjoy this so much.Just to present an alternative view, a family place in somewhere like Portugal can be fantastic. My folks split their time between here and there so it's in constant use. We use the place a lot, and so do my siblings and their kids.
Not always. My brother owns a property in Spain. He travels there every second month but not in July or August. He can keep in touch with family and friends and get his Irish bills etc dealt with when he returns to Ireland every second month.Most people buying in Spain do so for investment reasons
We should expect that in the medium term to long term, whenever governments finally decide that tackling our emissions substantially is necessary to meeting GHG targets, carbon taxes on air travel will increase significantly and air travel will become much more expensive relative to general inflation. Air travel is one of the worst forms of transport because of where the pollution occurs. This should mean that regular air travel becomes too expensive unless absolutely necessary. Things like this should be factored into long-term decisions like this.
Be interested to see if anyone sees this as a material risk to their investment in foreign property?
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