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The area is also famous for its lobster season—and lobster miniseason—when visitors can pluck dinner straight from the ocean. After a day on the seas, retreat to one the many vacation rental homes perched along the canals that lead out to the ocean and range from cozy cottages to modern homes. The median home sale price rests around $490,000, but can reel in a cap rate of 8.5%.
The Philippines has much to offer in this regard and we have compiled a list of the top ten places in the Philippines, where you can fulfill your vacation home dreams. Get a peek at our top 10 below—and check out the full report with market insights, including annual gross rental revenue, for all 25. Fortunately, this year’s list features markets with median home prices both above and below that threshold, so buyers can find a location that meets their financial goals and motivations.
Maracas Bay Village (Trinidad and Tobago)
Among them are grand Mount Halcon, the Apo Reef National Park, the second largest contiguous coral reef in the world, a relatively unknown slice of paradise called Pandan Island, and the 13 virgin islands of Bulalacao. With its beaches, diving sites, and mountains, Mindoro has all the ingredients for a perfect and complete island escapade. The island of Panay is divided into the provinces of Aklan, Antique, Capiz, and Iloilo. Aklan is known for its mangrove forests, pristine Jawili Falls, and its seven basins, dive sites, palm-fringed beaches, and of course the Ati-Atihan Festival. Antique, on the other hand, is known for its Bugtong-Bato Falls, marine reserves, quiet shores, and lush jungles.
Water lovers can spend the day at Lake Glenville, which has swimming, water-skiing, and three breathtaking waterfalls to cool off in. About an hour from Milwaukee and situated along the Kettle Moraine State Forest, Whitewater is a fine spot for hiking, mountain biking, or horseback riding through its dappled woods and vast prairies. Jillian Dara is a freelance journalist with a focus on travel, spirits, wine, food, and culture. Outside of Travel + Leisure, her work has appeared in USA Today, Elite Traveler, Forbes, Wine Enthusiast, Michelin guides, and Hemispheres, among others.
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A limited number of luxury contemporary homes are available, with access to select experiences at the resort. The north shore, known for powerful surf and quiet beaches is home to Turtle Bay Resort along with several developments of condos in Kuilima Estates and Ocean Villas at Turtle Bay. Ambergris Caye is no longer a sleepy little Caribbean island hide away.
The vibe here is right and you may never want to leave this little haven. With low rise two story buildings, condos from 1 to 3 bedrooms, snorkeling right outside your front door, and all oceanfront lanais, book early to get a spot in one of these 38 units. As the Caribbean’s leading producer of oil and gas, Trinidad and Tobago stands out as a relatively industrialized country. Its economy relies primarily on the oil industry, although tourism is a growing sector that utilizes a large percentage of its labor force. The country enjoys a high per capita GDP of approximately $19,800, as well as a 12 percent GDP growth rate, according to 2006 estimates provided by the CIA World Factbook.
Find out where to look for bargain island homes without needing to travel abroad.
The realtor.com® data team has pinpointed the top Caribbean and Central American beach towns right now for Americans looking to make the plunge into international real estate. Situated at the junction of Arizona, California, and Nevada, Lake Havasu attracts visitors from all three states, with many Californians tempted by the comparatively affordable real estate and low taxes. This two-bedroom, single-family home with lake views is on the market for less than $500,000. For those who don’t mind a short drive from the beach, a three-bedroom new build on a corner lot is on the market for $309,000. An oceanfront one-bedroom condo with plenty of amenities is listed for $184,500.
With one of the most vibrant real estate markets in the region, properties for sale on Seven Mile Beach rarely remain on the market long. Real estate on the exclusive island of Anguilla and the breathtakingly beautiful Turks & Caicos Islands is also highly sought after. Discerning international buyers are drawn to their outstanding white sand beaches, views of brilliant turquoise waters and very high quality real estate. Apartments and villas fronting on to beaches such as Shoal Bay, Meads Bay and Barnes Bay in Anguilla and Grace Bay and Long Bay on Providenciales in Turks & Caicos offer a luxurious lifestyle in a world-class setting.
Trout fishing is also a big sport here, especially in the clean, cool waters of Lake Taneycomo. Like the rest of the real estate market, vacation homes are getting far more expensive, putting them further out of reach of many would-be buyers. Some urban dwellers are even choosing to buy a secondary home before securing a primary residence because they can’t afford the type of home they home would like to buy, sending prices even higher.
But for expats who prefer to live in an active community that offers both convenience and the natural beauty of the surrounding Caribbean Sea, it has much to offer. A vacation home can be your go-to place to escape the demands of life while also generating rental income for years to come. The home value is much higher than the state’s average of $207,627, but it has one of the lowest property tax rates in the country.
Sevierville sits just north of the Great Smoky Mountains National Park, making it an excellent vacation spot for singles, couples, and families. It’s the most visited national park in the country, with more than 14.1 million visitors in 2021. It also means it’s an excellent location to tap into short-term rental revenue. You’ll pay about $3,447 in property taxes based on the typical home value and state tax rate. However, the neighborhood around the high desert national park has excellent revenue potential. Over the past 12 months, homeowners who rented out their homes as short-term rentals saw $4,300 monthly revenue (over $50,000 for the year).
For instance, Sevierville gets massive traffic thanks to the national park, putting the rental occupancy rate at a high 77% and makes revenue potential a lucrative $5,800 per month. Home to the country’s second most important city, with thriving business centers and a major trading port, Cebu may not strike anyone as an island escape. But the white-sand beaches, world-class diving sites, and marine sanctuaries of Mactan, Pescador, Bantayan, and Malapascua prove Cebu is a great destination for some R&R. Thrill seekers would especially love Pescador, where swirling schools of sardines can be found, a huge underwater cave called “The Cathedral” can be explored, and Malapascua, where thresher sharks can be seen daily.
From the food to the culture, there's not much to dislike about Aruba - including its low real estate prices. Houses can be found relatively easy and flexible to most budgets, ranging in price from a starting number of $60,000 to $250,000, according toReal Estate Agent. Since Aruba is a consistent Caribbean getaway for most people, there's a very slim chance that any investment will lose its value. This hidden, laid back, small condo community is exactly what we love about northwest Maui.
While most vacation destinations have worthwhile activities and attractions year-round, Deep Creek Lake is one of those places that truly offers four-season fun. In the summer months, guests can take to the state’s largest inland lake for boating, tubing, and waterskiing. In the winter months, skiers and snowboarders escape to Wisp Resort in the Western Maryland mountains, where they can glide down 33 slopes totaling 11 miles of terrain. On Kauai, the most popular type of vacation rental is the studio apartment, with a 79 percent average occupancy rate. That’s compared to a one-bedroom average occupancy rate of 69 percent and a three-bedroom rate of 63 percent. For a single person or a couple who want the most bang for their investment buck, the studio is the way to go.
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