News: Costa Blanca property investment offer great returns
Written by Inmo Investments - 25 May 2017
Investing in property in Spain
Short term renting can make a 7.0% return
There's nothing quite so safe as bricks and mortar and that's why, traditionally, property has been the go-to first choice for people looking for a safe long term investment.
But dogged by uncertainty, and with concerns developing about rising inflation, the UK property market is not appearing quite as attractive for savers and investors when it comes to property investment.
Compounded by added pressure from the very real possibility of the first increase in government interest rates for nearly a decade, property prices in the UK are experiencing their first downturn since 2012.
But with the UK property market static, Spain's property market is shaping up to be a viable alternative for savers, investors, and retiree's looking to secure a robust investment that will weather well for years to come.
Strong demand for property on the Costa Blanca continues despite uncertainty within some parts of northern Europe, and with prices on the increase, the recovery in the Spanish real estate market looks set to sustain it's positive momentum.
But another factor that many investors often overlook is Spain's popularity, and that, when combined with the relatively cheap cost of homes and their plentiful supply, can result in a healthy investment choice with scope for significant returns in the future.
Looking at one of our own properties as an example, this charming modern apartment in Playa Flamenca has superb rental potential.
The apartment has 2 double bedrooms offering spacious accommodation for up to 6 people. The home comes complete with a large swimming pool, and it's popular location with the beach, bars, and restaurants within easy walking distance, will make it a sure-fire hit with potential holiday makers.
This apartment is on the market for just €115,000. It's already a bargain at less than £100,000 at today's exchange rates.
Rent the apartment out privately for £76 GBP per night - just in the summer (June, July and August), and the home will generate a gross income just shy of £7,000. £6,992 to be exact, representing a gross return on investment of 7.0% in just three months.
And if you think that's going to be difficult to do, just take a look at this property currently for rent on AirBnB - the same type of apartment in the same community. Between the beginning of May until the middle of September the apartment is fully booked all bar seven days.
Of course, this does not take into account the long term costs of ownership (less than €50 per month for local taxes and community fees), but then this does not account for the long term increase in the value of the property, any additional money an owner might make on the cleaning fees, or the opportunity to rent the home beyond those three summer months either.
But with Spain such a popular destination with holiday makers and tourists, and likely to remain so for years to come, the performance and surety of an investment property on the Costa Blanca is difficult to beat.
Please note: Inmo Investments is a registered Real Estate agency in Spain. We are not legally qualified solicitors, nor are we qualified to provide legal or financial advice, and this editorial publication is provided for information only based on existing publicly available information. We have taken every reasonable precaution to ensure the accuracy of the information, and the authority of the sources of information at the date of publication.
Apartment - Resale - Campoamor Golf
Spain - Costa Blanca South - Campoamor225.000€
Apartment with Golf views at Campoamor. The property comprises 2 double bedrooms with fitted wardrobes, 2 bathrooms, ample lounge/dining room with access to an impressive sun terrace and modern kitchen with utility room. Sold part furnished and in excellent condition- Set on a closed community with swimming pool and gardens for residents.96 2 2
Villa - Resale - Las Ramblas Golf
Spain - Costa Blanca South - Las Ramblas499.900€
Outstanding villa, front line to Las Ramblas Golf. The villa boasts 4 large bedrooms and 3 bathrooms all distributed in 2 floors with spacious living room and terrace and fully fitted kitchen. Set on an ample plot of 650 m 2 with private swimming pool, where you can enjoy the beautiful golf course views available. Sold fully furnished and key ready with many luxury extras as befits a house of this standing. Las Ramblas golf is a prestigious area of Orihuela Costa, a 10 minutes drive to...250 650 4 3
Semi detached villa - New build - La Finca
Spain - Costa Blanca South - Algorfa260.000€
New promotion of modern semi-detached villas for sale at La Finca Golf , all providing 3 double bedrooms and 2 bathrooms. A modern living/dining area and open plan kitchen built to an exceptionally high standard. Outside space boasts a large garden with a private swimming pool, onsite parking and a balcony terrace leading off the master bedroom, perfect for all year round sun. Situated close to several amenities, such as bars/restaurants, an English supermarket, the popular La Finca...96 185 3 2
Villa - Resale - Altea
Spain - Costa Blanca North - Altea575.000€
A stunning, luxury villa for sale with some of the best views in Altea. This modern family home offers large interior spaces full of light with unique architecture. The villa offers 3 bedrooms, 3 bathrooms, W/C, ample living/dining room and open plan ktichen. Outside space offers a spectacular 100m2 terrace with BBQ and private swimming pool and boasts spectacular ocean views. The villa is sold unfurnished but equipped with lift access, private underground parking, intergrated white goods,...230 3 3
Apartment - Resale - Lo Pagan
Spain - Costa Calida - Murcia - Lo Pagan169.900€
Modern ground floor apartment provides 2 bedrooms and 2 bathrooms and within walking distance of the sea, located in Lo Pagan, San Pedro del Pinatar (Costa Calida). This fantastic 2 bedroom apartment is located in a small residence with the "Dos Mares" shopping center is a 5-minute drive away. The complex includes a communal swimming pool and private parking space. Contact Inmo Investments today for a viewing.65 130 2 2
Apartment - Resale - Pinada Golf
Spain - Costa Blanca South - Villamartin89.950€
Top floor apartment with private roof solarium.Comprises good size lounge with,separate kitchen with separate utility room,2 bedrooms,1 family bathroom,good size balcony,private roof solarium with storage room and sea views.The property is in 1st. class condition and sold furnished.Walking distance to amenities.2 1
Apartment - Resale - Blue Hill
Spain - Costa Blanca South - Villamartin64.900€
Fully refurbished 1st floor apartment for sale at Blue Hill a quiet suburb of Villamartin . Comprises small front garden area with storage,stairs leading to front door. Apartment comprises of a lounge with open plan kitchen,1 bedroom,1 bathroom,good size sunny terrace with nice views.Fully refurbished and new furniture included in the price.Fantastic maintenance free property for the price. Blue Hills is a superb location, a quiet suburb of Villamartin, and is close to all local amenities...45 1 1
Villa - New build - Lomas de Cabo Roig
Spain - Costa Blanca South - Campoamor359.000€
Stunning new build promotion of luxury villas for sale located in the upcoming and sought after area of Lomas De Cabo Roig . The villas offer 3 bedrooms, 3 bathrooms, open plan lounge, dining room and fully equipped kitchen. Outside space boasts a private 8 x 3 m swimming pool and ample sun terraces, including 54 m2 solarium, perfect for all year round sun. The properties are sold with all necessary extras such as onsite parking, artificial grass, air conditioning, underfloor heating...118 185 3 3