If there may be an upside on this pandemic, it decongested metropolitan areas, that are hotspots for COVID-19. The prosperous individuals are actually investing in a second residence, particularly now that working from house is changing into a norm.
A report by Redfin discovered that second residence demand has been rising practically 4 occasions that of main houses in 2021 as consumers rush to safe one other place to work or calm down.
Current information from Hostaway, the all-in-one trip rental software program for bold property managers, discovered that coastal cities stands out as the smartest locations for second owners to take a position.
After analysing essentially the most sought-after US places for trip rental properties proper now, in line with main reserving platforms, Pensacola, Florida, took the highest spot for the place demand is way exceeding the availability of accessible locations to remain. An additional 4 coastal places and one lakeside make up the highest eight within the US, together with Charleston in South Carolina and Lake Tahoe State Park.
Hostaway’s checklist of the highest 8 locations for second residence traders are:
Pensacola, Florida
Kauai, Hawaii
Charleston, South Carolina
Phoenix, Arizona
Lake Tahoe, California/Nevada
Savannah, Georgia
Myrtle Seaside, South Carolina
Santa Fe, New Mexico
It’s no shock that seaside dwelling continues to draw individuals to the coast, however the outcomes present entry to city facilities stay necessary. With many staff mixing distant working with trip time with household or journey experiences, investing in a second residence by the ocean is sensible personally and financially.
