Why rent out property in Marbella?.
With year-round sunshine, beaches, white villages, luxury shopping, restaurants, golf and even skiing practically on its doorstep, what’s not to love about Marbella? In fact, we’d forgive you for not renting out your property at all and living in it all year round.
But buy-to-let properties in Marbella make a great deal of sense:
• A ready supply of tourists – Spain is currently the third most visited country in the world, after France and the United States. And in 2017, the Costa del Sol saw a 9.5% increase in visitors on the previous year, according to the Turismo Costa del Sol body AEHCOS.
• Self-catering accommodation is in high demand – Many holidaymakers, particularly families, seek the home-from-home comforts that are hard to match in hotels.
• Good rental returns – Holiday properties in Marbella currently fetch average rental returns of between 7 and 10% per annum.
• A strong sales market – Despite the weakening pound, sales are up by 20% on 2017, a sure sign that the property market in Marbella is now picking up.
• One summer of letting can cover your property’s running costs for up to half a year – This includes mortgage payments and any community or management fees, meaning that you can easily recoup a large portion of your property’s running costs.
• Rental properties in Marbella are in demand – during summer you are practically guaranteed a high rental income – an average of at least 1,000 Euros per week for a 2 or 3 bedroom apartment with a communal swimming pool is regularly achieved.
• A year-round rental market – Marbella property offers year-round rental potential, thanks to a mild climate, international lifestyle and an abundance of golf courses so that people keep on visiting even when its’ no longer beach weather.
• Plenty of flight connections: You can fly in to Malaga International Airport from over 100 destinations and be in Marbella within 90 minutes. Alternatively, Gibraltar, just one hour’s drive away, serves British Airways, EasyJet and Monarch.
If you are looking to make a holiday rental investment, the Marbella property experts at Altavista Property will be happy to advise and help you choose your ideal buy-to-let property.
