This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2021. All rights reserved. 

Fantasizing about buying a second home in Europe? You’re not alone. In recent years, a significant number of Americans have been crossing the Atlantic in search of the vacation home of their dreams. And with the current state of the U.S. housing market, European markets are beckoning more than ever. 

According to Knight Frank’s recently released Global Residential Cities Index, which covers for the first quarter of 2021, real-estate prices are down over the past year by 4.3% in Venice, 3.8% in Lisbon and 3% in Seville. In contrast, home prices in virtually every U.S. market have increased over the past year.

If a villa on the Spanish coast always seemed like a pipe dream, it doesn’t have to be. We asked American owners of European homes, real estate

Read more…

Share.

Comments are closed.