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holiday property home / holiday property How to find the holiday property that's right for you
» Investment property in Spain
» Holiday Property in Spain » Retirement property in Spain » Developments in Spain The last few years has seen a dramatic increase in the number of overseas investors buying holiday homes in Spain. Warm summers, mild winters, fantastic scenery and great food are just some of the factors that have combined to attract unprecedented international investment. And as if that wasn’t enough, low interest rates, the continuing boom of Spain’s housing market and the growing demand for self-catering accommodation from the tourist industry means that an investment you make now will yield impressive returns in the years ahead. Where to buy This clearly depends on your personal preferences, but if you want to gain income from renting out your Spanish property to holidaymakers you do need to do some research. Sports lovers should investigate the Costa Blanca, Costa Dorada and, particularly for golfers, the Costa del Sol. Each of these regions enjoys a strong tourist industry and it will be easy to generate income by letting your home to holidaymakers. If sun, sea and sand are at the top of your list of priorities, give some thought to buying a property in the Balearic Islands or the Canary Islands; both of which are renowned for breathtaking scenery, an excellent climate, superb beaches and crystal clear seas. Between them, these areas include the famous holiday destinations of Ibiza, Mallorca, Menorca, Gran Canaria, Fuerteventura, Lanzarote, Tenerife and La Palma, each with a ready supply of holidaymakers. If you prefer the quiet life of traditional rural Spain, you may want to consider buying a property on Costa del Azahar, the Costa Calida or the Costa de la Luz. These areas are relatively unspoilt and the property prices tend to be lower, but do be aware that rental incomes will be lower than in other regions and your property may be more difficult to let. What to buy Again, this depends on your personal preferences and budget but you also need to consider the type of property and the market you’re aiming at. If you want to start enjoying your property in Spain immediately, look for pre-owned (resale) property rather than off-plan opportunities. One of the advantages of buying resale property is that you can often buy the furniture at the same time which means more time spent in the sun and less shopping, as well as fewer worries about holidaymakers damaging your prized possessions. Don’t forget to check out the rental prices of similar properties so you can get an idea of what income to expect during the holiday season. Holiday apartments These are ideal for first time buyers and investors who are more interested in regular rental income than personal luxury. Most of them have been built expressly to service the tourist industry, are inexpensive to buy, cheap to maintain and situated in close proximity to the main tourist resorts. Villas Much sought after by holidaymakers with a larger budget, a detached villa will generate a higher rental income and gives you much more scope for creating a real home from home. Most come with a private pool and many are of an individual style and design. Village properties If you want a rural retreat you’ll find thousand of rustic hideaways throughout Spain, offering the chance to really live the Spanish life. If you’re buying an older property be prepared to pay for higher maintenance costs and make sure that a qualified professionals check the condition of the house and its wiring and plumbing. In general If you want a steady income from your property, you have to look at it from the viewpoint of a holidaymaker. Is it in a known tourist resort? Does it have a pool? Is it close to the beach? What about local entertainment and attractions? Perhaps the best thing to do is to take a few holidays yourself and buy a place in the resort that you enjoyed the most. Find the best holiday property for you |
