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In some countries, special legal frameworks apply to foreign owners, such as restrictions on resale or deviating forms of ownership such as timeshares or cooperative models.
These legal particularities can have a direct impact on the marketability and thus the actual value of the property and should be explicitly addressed in the appraisal report.
Tax aspects, such as possible double taxation upon a later sale, should also be clarified early on with an advisor experienced in the respective country.
Accessibility for a personal inspection can also pose a challenge in the case of more remote holiday properties, which is why qualified local valuers on site are often relied upon.
Existing rentals of the holiday home, for example via vacation rental portals, should additionally be considered as an independent income factor in the valuation.