The possibility of deriving rental income from a second home has long made buying in Spain an attractive proposition.
Rental Income depends on location. Some areas are highly sought after holiday destinations, while prime front line golf developments offer a longer rental season.
In some cases it serves as a welcome additional form of income that helps to pay for maintenance, while in others it helps people finance their purchase. An attractive and well-maintainedproperty in Marbella for example will provide high returns, yet one must not forget that there is a lot of competition, so there are important factors to bear in mind.
If you are purchasing aproperty primarily as a rental investment, choose your |
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development with potential renters in mind.
Put yourself in their shoes and analyse if you would like to spend a holiday there.Are the apartments attractive and practical, do they have a sunny orientation, what are the lawns and swimming pools like, are there facilities for children, is it close to the beach or a golf course and, finally, does it offer easy access to the coast's attractions?
If most of the answers are 'yes' you are on to a good thing.
Also bear in mind that a smaller complex and additional luxuries such as a Jacuzzi or gym add exclusivity-and increased rental potential.
For examples of rental incomes please view our helpful guide. |
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