Spanish Resort Property Rental Business: How Much and How to Earn.
Based on the latest price quotes for housing in resort Spain, let's take the fastest growing and most popular city – Barcelona – as an example.
Price: One-bedroom apartments start from €100,000 (plus about 10% in expenses and taxes upon registration), with good repair and the location necessary for successful rental.
Long term rental.
Rental income after deduction of expenses and management company services: 700 euros/month or 8,400 euros/year.
Profitability (excluding natural growth in value): 7.6%/year.
Daily rent.
Occupancy rate (annual average): 70% (256 days)
Rental price: 80-100 euros/day, 20,480 euros/year.
Management company commission: 30%, 6,144 euros/year.
Net profit: 14,336 EUR/year.
Profitability (excluding natural growth in value): 13.03%/year.
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