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Is it better to build a house for AirBnb, or to buy an already built one and rent it?

Hello everybody! I live in Greece and just recently I inherited around 160k euros. Also, I am very lucky to have some land which I can build on an small island, at the Ionian Sea which has become very popular among tourists during the last decade. The island is also very popular in the sailing community.

A lot of locals have already built plenty of houses, villas and apartments, which they rent out to tourists, on short term, for the months of May-October, and I was wondering if I doing the same would be a smart move or I would be better of buying an apartment or store and renting it out.

I have already spoken with an architect and construction companies, and with my budget and the assistance of a European Union investment program I can build a 2 bedroom house, with a pool and sea view on one of the most popular areas of the island. When it comes to buying apartments and renting, I really have no idea what to look for, (I looked around at these stats, but cant get to understand a thing https://www.spitogatos.gr/en/property-index).

What would you in my situation?

thanks

submitted by /u/benzonatatefund
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source https://www.reddit.com/r/RealEstate/comments/1dfnzpw/is_it_better_to_build_a_house_for_airbnb_or_to/
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