Why Buying A Spanish Property For Airbnb Rental Is A Good Investment – Foxes

Posted by Liz Seyi on December 22nd, 2022

People are increasingly interested in renting property for their holidays rather than staying in hotels. This is especially true in the aftermath of the Covid-19 pandemic when people are keen to avoid crowded places and have more space to themselves. Sites like Airbnb have made it incredibly easy for people to rent out their property. Not only can you purchase property that you can live in yourself, but you can also purchase property purely for investment purposes.

There are many reasons why buying property for Airbnb offers a good return. For one, it’s a relatively low-risk investment. Unlike stocks and shares, the property is a physical asset that will always retain value. Even if the property market crashes, you will still have a property that you can sell or rent out.

Another reason why buying property for Airbnb is a good investment is that it’s a relatively easy way to get started in property investing. If you’re not sure whether you want to commit to becoming a landlord, then buying a property for Airbnb is a great way to dip your toe in the water.

Finally, it can be quite lucrative. If you buy a property in a popular holiday destination, you can charge high rates for summer periods. This means that your investment could easily earn you a healthy return.

On that particular point, Malaga and Andalucia are popular holiday destinations, and there is a strong market for both long-term rentals and holiday rentals. Buying property in these areas can be a wise investment, as there is a high demand for rental property and prices are relatively affordable.

A turnkey property is particularly popular, as it offers a hassle-free way to invest. This type of dwelling is usually sold fully furnished and often comes with a rental management agreement, making it easy to generate income.

Holiday home renting platforms

While Airbnb isn’t a new concept, it has exploded in popularity in recent years and is now one of the most popular ways to rent a property. If you’re thinking of buying property for Airbnb, or other platforms, there are a few things you need to know.

First of all, Airbnb offers a great way to make money from your property. You can charge high nightly rates and generate a significant income.

Airbnb isn’t the only platform either. There are many other similar platforms that you can use to rent out your property, such as Bellvilla and VRBO.

More benefits of using platforms such as this mean that  you can:

– Reach a global audience of potential renters

– Enjoy a high degree of flexibility in terms of pricing and availability

– Manage your property yourself, or outsource the management to a professional company

Another thing to keep in mind when using a platform is the extra costs.  For example, you will need to factor in the cost of cleaning between each rental period, maintenance costs and laundry

You will also need to make sure that your property is properly insured. Most standard home insurance policies won’t cover property rented out in this way, so you will need to take out specialist Airbnb insurance. This will protect you against any damage caused by guests during their stay.

So, how do you make your property stand out on Airbnb?

There are typically two things that stand out to people when they search on Airbnb and similar platforms – cost and aesthetics.

Having a property that is beautiful and “Insta-worthy”  is a big draw for holidaymakers and travelers, but also ensures that it offers good value for money when compared with hotels in the area. 

It’s important to look for a property that has a “wow” factor, as this is what will make it stand out from the competition and get people booking.

And while you don’t need to break the bank, it’s important to remember that you get what you pay for when it comes to property. Investing in a lower-quality property may save you money upfront, but it could end up costing you more in the long run in terms of both bookings and maintenance costs.

Find your dream investment property

We have some incredible property opportunities available in some of the best locations across Malaga and Andalusia.

Get in touch with us today to find out more about how we can help you make your property investment dreams a reality.

For more information visit our website: https://foxes.es/2022/09/why-buying-a-spanish-property-for-airbnb-rental-is-a-good-investment/