After a short-lived hiatus, tourism is well and truly back. While this is a relief for millions of globetrotters who are keen to experience the world’s most exciting places once again, locals in these destinations might be watching with trepidation.
After all, over-tourism has hollowed out neighbourhoods from Buenos Aires to Barcelona, with locals taking measures to retain the “local” character of the places they call home.
However, it looks like we are most definitely not returning to the pre-pandemic hordes of tourists, at least not for the next few years. As such, now might be the time to take stock of why living in a traditional tourist hotspot is actually a good thing.
Properties in popular destinations retain their value
If you are fortunate enough to own a home in an established or emerging tourist hotspot, you’re in luck. Property values in such areas, especially in city-centre locations, tend to