The Costa Blanca in Spain is traditionally in high demand among citizens of different countries of the world and among the native Spaniards as a place where you can both spend your holidays with great comfort, and reside permanently. When arriving in the coastal towns, people explore the properties for sale, Costa Blanca, looking for the best value for money. But there is also a high stable interest in rental housing.
On the other hand, the Costa Blanca is one of the most attractive regions in Spain, not only for purchasing housing for living, but also as an investment opportunity in order to obtain a guaranteed and stable income. After all, where, if not here, you can find the perfect combination of a favorable climate, seaside recreation, cultural attractions and a high level of service. As a result, there is a great potential for profit from the rental of real estate.
Renting out property on the Costa Blanca is a great income opportunity
First of all, it should be noted that in the towns of the coast there is a stable high demand for short-term rentals. Tourists from all over the world come here during the season, which usually lasts from April to October, for holidays on sunny beaches. Therefore, property owners get an excellent opportunity to generate income during this period.
The most popular areas on the Costa Blanca are the towns of Alicante, Benidorm, Denia, Altea, Torrevieja, Villamartin and Javea. Here, properties for sale in Costa Blanca are represented by different types, including the following:
- apartments;
- duplexes and triplexes;
- penthouses;
- bungalows, chalets and villas.
Property owners on the Costa Blanca need to consider important factors when planning their rental.
The location of housing is of great importance. The property can be located near the coastline, in quiet neighborhoods at some distance from the sea, in the city center next to the main infrastructure such as shopping centers, restaurants, entertainment centers and sports halls. The Costa Blanca is famous for its golf courses, which also attract a large number of golf lovers. And the rental of properties located near these fields will be popular for nearly a whole year.
Naturally, rental rates will vary significantly depending on the location of the apartment or mansion. Moreover, a panoramic view of the sea or mountains is highly important. After all, beautiful views from balconies and terraces are an essential component of a comfortable stay and have made the properties for sale, Costa Blanca, world famous.
The benefits and amenities provided are second in importance. Modern facilities with high-quality furniture and appliances, parking, green areas, swimming pools, and solariums can significantly increase the rental rate and attract more interested parties. Today, such benefits can also be a “smart home” system, a modern security system, autonomous water and electricity supply, and the installation of energy-saving equipment.
An important factor is the seasonality of rental demand. Costa Blanca is a region with nearly 300 sunny days a year and the average annual temperature +18⁰. But still, the highest demand is observed in the summer months and on holidays. During these periods, the demand for rent increases, and rental rates rise accordingly.
In addition to short-term rentals, the demand for long-term rentals is quite high on the Costa Blanca. Many visitors are looking into properties for sale, Costa Blanca, and as a result prefer long term rentals. Those who come to Spain for work or to retire are especially interested in long-term rentals. Long-term rental of your property by bona fide clients will provide you with a guaranteed stable income. Especially if your property is of high quality and located in a sought after area.
If you are planning to rent out a property, you should contact a professional real estate agency, whose employees will help you with the legal side of the transaction, advertising to potential tenants, and the organization of check-in and check-out. They can also provide management of your property during your absence and mitigate possible risks.
