People now purchasing vacation homes for profit over pleasure
September 17, 2018 / Jeremiah Jensen
Over the past ten years, homebuyers motivations for buying vacation homes has moved from pleasure to profit. According to research from Savills and HomeAway, for the first time ever, vacation home buyers now prioritize rental income over personal use. Savills and HomeAway carried out this survey in February and March of this year. Savills World Research surveyed 4,300 property owners who list their properties on HomeAway's sites across Europe, North America and the rest of the world.