What is Second Home?
Second Home is considered to be a property that people buy without wanting to use as their main house for living, but they want to own it in addition to their primary house because of the exceptional benefits it offers. Previously, second home properties were extremely inaccessible to a large number of potential buyers because they were very expensive and reserved only for those with a deeper pocket.
After the world has changed almost overnight in 2019, people began to think more and more about how they can afford this type of real estate, realizing all the positive aspects that this investment brings. With high demand, higher supply came and with higher supply – lower prices. In addition, many banks around the world have opted for some facilities when taking out a loan to buy a second home.