Marbella property market perfectly placed for buy to rent investments.
Have you been aware of the huge success of Airbnb and similar online short term rental booking companies? If you have ever used these innovative platforms to book accommodation you will have (hopefully) had a great trip and possibly thought about joining those who now earn an income from renting out their private property.
The arrival of ‘lodging portals’ like Airbnb has revolutionised the rental industry for holidays, mini breaks and business trips all across the world. It is now far easier for individuals to benefit financially from renting private property to the public, and as a result the marketplace has never been so buoyant and full of marketing and sales solutions.
Nowhere is the property market more ideally placed than in Marbella to make an investment in real estate for the purposes of generating income via rentals. The reasonable prices of Spanish real estate combined with the high demand for short term rental accommodation in Marbella have created an ideal environment for a lucrative and secure investment.
The window for rental opportunities in Marbella is year-round, so the possibility of earning a return on your property is not limited to the summer months alone. The resort town is also the perfect location for buying a rental property as it enjoys a long summer season, short sunny winters and is a popular venue across Europe for golfers. The opportunities to rent property to the public in the region of Marbella are indeed many.
To regulate this sector, however, there are laws in place for regulating the rental market in Marbella and you must remember to pay your rental income taxes. The Spanish Tax Authority is working to ensure that taxes relating to money gained through property rental are paid, and fines can be charged if payments are not made on time at quarterly intervals. However, property owners do benefit from allowances made for some expenses relating to the business, so make sure you check with your tax adviser.
Right now things couldn’t look more positive for anyone considering buying property in Spain with the intention of creating capitol from short term rentals.
Altavista Property specialises in the development, marketing and sales of modern new-build properties located just a short distance from Puerto Banús, Marbella and Mijas. Perfect as buy to let homes, they are close to beaches, golf and numerous amenities as well as fine dining and nightlife. For more information on buying to let please contact us.
