How to maximize profit on your property on La Costa del Sol

Do you do holiday rentals or have you been thinking about it?

We believe it would be very helpful for you to read the information below about rentability and how to obtain the maximum profit in 2023.

From 2018 until 2020 Malaga experienced a holiday rental boom that was stopped for a while during the pandemic 2020.

As the province of Malaga is developing probably faster than any other province in Spain, as per the Regional Government Board of Andalucia, the number of tourists that traveled to Andalucia in the third trimester of 2022 almost reached the pre-pandemic number of tourists.

What rentability can I get out of holiday rentals in Malaga province in 2023?

We always calculate a yearly income number as it reflects our expectations on a long-term basis taking into consideration the highest and the lowest demands for holiday rentals during the year.

As per the Spanish federation of associations of homes and touristic apartments, the rentability of tourist apartments is up to 10% yearly. It may vary depending on the way you decide to rent out your property and the next factors:

• The location, area, and seasonal factors. If your holiday home is in the city center or in an area of particular interest: close to the beach or some activities like golf etc., there are more possibilities to have a higher occupancy rate and higher prices because the demand is always the highest and so the more income you will have.
• Price strategy. The prices should be dynamic and always fit the market situation and the season.
• Quality and characteristics of your home. It is important what tourist profile you would like to have and adapt your home to their necessities during the stay. For example, many tourists travel for work so they appreciate high-speed internet and comfortable working space.?
• Management and optimization of expenses.?Check-ins and check-outs, cleaning, necessary reparations, portals commissions, and managing management commissions. The better these payments are optimized, the more income you will have.

Apart from that, you should always remember to revise with your advisor or lawyer the taxes you will have to pay from the income from holiday rentals.

?What are the perspectives on holiday rentals in 2023??

As we have previously seen in the previous chart: In 2022 Spain and Andalucia are very attractive touristic destinations.

In the third trimester of 2022 11,1 million people visited Andalucia, 27,7% of which visited only Malaga province.

The major volume of tourists is of foreign origin. This tendency will raise during the end of the year as Malaga keeps showing this result throughout the years due to the fact that it is the warmest place in Europe in winter and attracts tourists year after year.?

Touristic sector recovered and keeps showing a positive progression.

3. What are the benefits of tourist rentals today??

High rentability is not the only pro of this business model! Please, sum up the next:

• Impossibility of occupants. As owners are not bound by the contracts of long-term stay or permanent residents, it is impossible to occupy the property as per the nature of the short-term stay contract.
• Secure payments in advance. The reservation system will charge clients in advance so you do not have to be worried about outstanding payments.
• Flexible prices per night. As mentioned in the pricing strategy each night is valued as per the season and special holiday situation in a town like for example Semana Santa in Malaga.
• You still have access to your property. If you or your friends or family need to stay a couple of days in your property, you can block free dates in the calendar and stay in your apartment.
• Permanent maintenance of the property. As stays are shorter and the apartment is cleaned every 3-7 days more or less, you receive updates from the staff if there is something that needs to be fixed or replaced. If a guest breaks something in the apartment, if there is a cleaner who comes instantly, you will be informed about the accident and can claim it from the guest.

If you like the idea and you have a property that you would like to start renting out or if you are looking for a property as an investment, please contact us and we will help you!

Call +34 622 25 01 14[email protected] www.christensenestates.com

Meanwhile please, check out some properties that we could recommend as an investment:

?? Ref: R4140463

This stunning beachfront 2 bedroom apartment with amazing sea views, recently refurbished with high standards. The flat is on the 4th floor and has its own private parking space.

?It is ideal to enjoy splendid time in Malaga!

?Price is 599.000€

?? Stunning sea views

?? Beachfront vibrant ambiance

?? Total built area 121 m2

?? Living area is 102 m2

?? High-standard reformation?

? Call +34 661 44 08 75

? Send an email: [email protected]

?? Ref: R4091584

This stunning 2 story villa with a private garden and a pool is a real oasis hidden from the hustle of the historic center of Malaga in one of the most exclusive and sought-after areas of the city.

?It is ideal to enjoy living with the outdoors and dinners al fresco!

?Price is 990.000€

??? Total built area 272 m2

?? Garden/Plot area is 465 m2

?? Living area is 231 m2

?? 10 minutes walk to the historic center

Call +34 661 44 08 75

Send an email: [email protected]

References:

1. https://www.juntadeandalucia.es/institutodeestadisticaycartografia/turismo/notaprensa.htm
2. https://www.fevitur.com/index.php?option=com_content&view=category&layout=blog&id=8&Itemid=110&lang=es
3. https://christensenestates.com/property/R4140463_middle-floor-apartment-malaga/
4. https://christensenestates.com/property/R4091584_detached-villa-malaga-centro/