If you have a good agent , your marketing is strong and the price is right , you should have little trouble finding a long-term tenant .
Generally , if your apartment fetches € 1,000 per week in August as a holiday let , it is likely to also achieve a monthly rental figure of € 1,000 if let on a long-term basis .
Long-term rental provides consistency and reliability of income levels throughout the whole year , there are no changeover / cleaning costs to pay to a management company after each guest leaves , and the tenant usually pays the utility bills . In these uncertain times , this could be just what you need to continue to make money from your property without the stress .
CONCLUSION
With the high demand for holiday rentals caused by travel restrictions easing and a shortage of goodquality , well-furnished homes available for long-term rental , there are genuine opportunities for real estate investors on the
Costa del Sol and in other holiday destinations around the globe . The key , as always , is to purchase in the right locations – ideally close to amenities – and to ensure that community fees don ’ t eat into your profit margins too much ( in Spain , the landlord pays these fees !). An experienced real estate professional will be able to guide investors towards the best opportunities and provide income and cost estimates to assist with the budgeting forecasts .
IMAGES : CLOUD NINE SPAIN
Paul Acosta Spanish Real Estate Expert & Director of Cloud Nine Spain
SA Real Estate Investor Magazine SEPTEMBER 2022 197