Costa Blanca is a privileged and rewarding
place with an active rental market and average occupancy rates. The rental
season usually begins from Easter and continues till the end of October. The
demand for rental properties may fluctuate, such as during the high season, you
can expect to earn more steady income than low season.
The rent prices may vary depending on the
amenities and kind of property you own. If your home has several bedrooms and
bathrooms, you can rent it out to many tenants at once. The Spanish real estate
market seems to be recovering after the COVID-19 pandemic due to domestic
demand of locals and holiday homes by European citizens.
Would you wish to rent your apartment,
holiday home, or second home to travellers in Costa Blanca? Read on to
understand what you should know about the Spanish rental property market.
KIND OF ACCOMMODATION WORKS BEST IN COSTA BLANCA?
The prices of rent can see a significant rise
with the facilities you’re offering, such as extra square metres, bedrooms, bathrooms,
terraces, and so on. If you have more bedroom spaces, you can occupy a large
number of tenants at once to earn a better rental income.
It is ideal to rent out your vacant home,
apartment, or holiday home to locals and travellers in Costa Blanca for
top-notch property management and cleaning while earning a good rental income.
Summer, school holidays, and winter sports period is the best time to rent out
IT GOOD TO RENT PROPERTY IN SPAIN?
Rental yields have always been fascinating as
thousands of tourists visiting Spain each year are using private accommodation
options, according to the Ministry of Tourism. Even many homeowners are using
their family and friends’ homes to accommodate plenty of holidaymakers and this
trend is tremendously increasing.
Therefore, buying a holiday home comes with
various advantages alongside an excellent source of income, especially for
those owning a vacant apartment or aware of holiday rental scenarios.
RENTAL YIELDS IN SPAIN ARE BACK TO NORMAL
Gross rental yields on apartments are
slightly higher, including tax benefits, vacancy costs, and other maintenance
needs. Small apartments are likely to need more maintenance, however, a yield
is satisfactory enough. In fact, a special 3% annual tax is levied on the
cadastral value of property owned by non-residents. Whereas resident
individuals are liable to pay tax on their income and assets at progressive
Spain’s rental market is highly pro-tenant,
wherein both tenant and landlord are given equal liberty to decide the rent and
due date of payment.
To know more about the rental property market
in Costa Blanca, feel free to contact our experts to gain a thorough
understanding and enjoy a hassle-free process.
5 Bedroom Villa in Calpe
If you wish to receive more information, do not hesitate to contact us.
Phone: +34 966 397 944