Holiday rentals, also known as short-term rentals, consist of renting a ready-made flat, with all the conditions to enjoy a stay for a short period of time.

Are you thinking of investing in a flat on holiday in Spain?  

Holiday flats in Spain, what advantages do they offer?

High occupancy all year round

High occupancy throughout the year is one of the main advantages of investing in property in Oropesa del Mar in Spain as a tourist destination and as a business option as a real estate investment. This is largely due to the region's favourable climate, which attracts tourists with its high exposure to the sun and its wide range of cultural and historical offerings.

In 2023, Spain recorded a record 85.1 million foreign visitors, representing an increase of 18.7% over the previous year.

Tourism is a fundamental pillar of the Spanish economy, contributing 12.8% to the country's GDP.

This constant flow of tourists translates into an important and constant demand for holiday accommodation and this means that having a housing for rent becomes a investment opportunity in one of the most valued tourist destinations.

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A second home in which you can live the way you want and which will also earn you money.

Renting a holiday flat in Spain can cover all or part of your mortgage as it is an interesting source of short term income - an advantage not to be underestimated! It can also become an additional source of income.

The profitability of holiday rentals is high. Holiday flats in Spain can be priced two to three times higher than annual rentals and you can customise the booking calendar to your liking so that you too can enjoy beachfront property.

 

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Avoid the risk of non-payment

The risk of non-payment is negligible for one simple reason: the tenant usually pays the full amount due before arriving at the accommodation.

Tax on Economic Activities (IAE)

If you want to offer rentals of holiday flats in SpainIf you are a company, you must take into account the payment of several taxes. First of all, it is important to know that the IAE is a tax that applies to companies and individuals who carry out a commercial, professional or artistic activity in Spanish territory.

Value added tax (VAT)

In this case, the following points should be taken into account:

You must show VAT 10% on your customer invoices if you supply specific hospitality services.

Personal Income Tax (IRPF)

We must also make some clarifications regarding Personal Income Tax (IRPF). Remember that your income is only considered to be earned income if you provide services related to the hotel and catering industry.

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Landlord and tenant, a simple connection

The range of platforms that put tenants and landlords in contact with each other has grown significantly: Airbnb, Booking, etc.

These online portals offer greater visibility and facilitate online management. These websites allow you to centralise your bookings and calendar, create rental contracts, etc. They also allow you to market and manage property bookings efficiently.

Deterioration of property

Some would argue that holiday flats in Spain are more prone to deterioration than other single-family homes. In fact, holiday tenants spend little time in the property as they are often visiting.

Regular cleaning keeps the property in good condition. The deposit required from the tenant ensures a certain respect for the place. Others will say that a holiday home is exposed to a lot of traffic and therefore deteriorates more quickly.

In reality, the landlord can "choose" his tenant, i.e. prevent groups of young people from coming to celebrate a bachelor party, thus preventing the property from being abused.

In addition, it may be worthwhile to hire a cleaning company to do the final cleaning so that the tenant does not have to do it himself; the cost of the service can be covered by the rental price.

A holiday flat takes time

You have to manage your advertisements and booking calendar, perform check-in and check-out, answer various phone calls related to the booking, as well as various customer queries.

If your schedule doesn't allow you to manage the rental of your property or you simply don't want to, there are solutions. You can use rental management agencies and concierge services. The aim is to put your property in good hands.

The holiday manager is responsible for a variety of tasks, such as cleaning, maintenance, greeting and dismissing guests, handling emergencies and complaints, and sometimes even coordinating bookings.

In addition, you can install an online key box to facilitate access to the accommodation by means of a remotely configurable PIN code.

Spain is undoubtedly a destination of choice for investors wishing to venture into holiday rentals: the climate, the attractive prices, the record occupancy in many resorts, the cultural and historical offer, the gastronomy, etc. such as Marina d'Or, for example.

Buy holiday flats in Spain is a decision that can be highly profitable if managed correctly.

Investing in holiday flats can be an excellent way to diversify your investment portfolio and earn additional income.

However, it is crucial to be well informed and prepared to face the challenges of holiday property management.

Buy a flat in Oropesa del Mar/Cabanes

One of the best opportunities in the real estate market is to buy a property in the new development of the building Ciudad Jardin 4. The flats are located right on the beachfront, facing the Mediterranean Sea.

All the properties in the new flats are delivered fully furnished, equipped and decorated. Every detail has been taken into account and the owners or tenants can enjoy all the comforts of high quality properties, ready to move into.

Discover the opportunities that promotions give you. Ciudad Jardín 3 and Garden City 4 to invest in holiday flats in Spain! 

 

If you are looking to invest in holiday flats in Spain, fill in the form and we will call you.

 





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