US: Portland-based vacation rental management platform Vacasa has released its 2021 report outlining the Best Places to Buy a Beach House ahead of the start of the summer holiday season.
The report, which calculates where potential owners can best maximise the return on their investment, shows the best places to buy a beach house are not only located in popular destinations such as Hawaii and the Carolinas, but in less expected places like Washington’s coastline, Michigan’s lakefront and Alabama’s secluded network of islands. Each destination was ranked based on highest cap rate, or annual rate of return on investment, along with median home sales and median annual gross rental revenue.
The demand for beach getaways is higher than ever this spring, according to Vacasa’s recent spring travel trends report, which revealed that 57 per cent of guests were planning a trip to the beach, and with a growing number US consumers feeling hopeful [53 per cent] and thankful [42 per cent] when thinking about travel this year.
Shaun Greer, VP of sales and marketing at Vacasa, said: “Our report shows that these destinations aren’t just a good investment by the numbers, but also speak to travellers’ renewed desire to stay in homes that feel like true escapes into nature, far and away from the hustle of your more popular beach towns.
“That demand, coupled with an overall shortage of vacation rentals this year, makes a unique investment opportunity for vacation homebuyers to get the best return on their rentals as we come into the busy summer months, particularly in these top ten markets,” he added.
Vacasa’s Best Places to Buy a Beach House 2021 ranking:
- Cape Hatteras, North Carolina
- Kauai South, Hawaii
- Ocean Shores, Washington
- Isles of Palms, South Carolina
- Dauphin Island, Alabama
- Wailea, Hawaii
- New Buffalo, Michigan
- South Kohala, Hawaii
- Corolla, North Carolina
- Bolivar Peninsula, Texas
To view the full report, visit this link.