Last updated on June 21st, 2023
airbnb property for sale Torrevieja
Torrevieja is a municipality in the Province of Alicante that is located on the shores of the Mediterranean Sea and thanks to this, it offers fantastic views with its landscape of exceptional ecological characteristics.
Torrevieja has picturesque beaches and amazing districts that can captivate everyone at first sight. Moreover, their rich culture, history and traditions make this city a unique destination.
If you are considering starting an Airbnb business in Spain, then you should first analyze the major costs, revenue and rental yield. It is also important to know the Airbnb rules in Torrevieja so that you can manage your listing without major problems.
Torrevieja is one of the most profitable coast cities in Spain according to Fotocasa since it offers an attractive rental yield of 7.3%, which is higher than the average profitability in the country (6.9%). Another interesting fact that investors like you would like to take into account is that Torrevieja’s peak season is between June to August.
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“Many people choose to buy a house in Torrevieja because it is a magnet for tourists from the interior of Spain and abroad. This makes the return on the rental very worthwhile.”
– Ro Spain
Aside from looking at a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. In this article, we’ll discuss the metrics in order to gauge the best property investment in Torrevieja.
This includes the best website recommendations for property investment, defining property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location. Stoked to learn more? Continue reading!
Is Property Investment Profitable in Torrevieja Beach?
Using an Airbnb profit estimator, it was discovered that a 3-bedroom apartment in Torrevieja – Playa del Cura can generate an annual revenue of €25,384 with a steady occupancy rate of 73% and a nightly rate of €79.
airbnb property for sale Torrevieja
Cheap houses and apartments for sale in Torrevieja
Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage.
At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. You can find sea-view properties for sale in places like Playa de Los Locos or cheap houses in Torrevieja City Center! Here are some of the profitable properties in Torrevieja along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
Playa de los Locos, Torrevieja
1. Waterfront Studio-type Property for Sale in Torrevieja
47 km. from Alicante, the capital of the province, and 35Kms. from the Altet and Corvera airports
Asking Price: €46,000
| GROSS RENTAL YIELD | 17.96% |
| ANNUAL REVENUE | €8,262 |
| CASH ON CASH RETURN | 28.12% |
Avenida Habaneras – Curva de Palangre, Torrevieja
3. 1-Bedroom Property for Sale in Torrevieja City Center
500 meters from Playa de los Locos and Playa del Cura
Asking Price: €57,900
| GROSS RENTAL YIELD | 14.87% |
| ANNUAL REVENUE | €8,610 |
| CASH ON CASH RETURN | 18.84% |
3. 2-Bedroom Property for Sale in Torrevieja City Center
Near Maestro Salvador Ruso Public High School
Asking Price: €62,500
| GROSS RENTAL YIELD | 18.76% |
| ANNUAL REVENUE | €11,726 |
| CASH ON CASH RETURN | 30.52% |
Playa de los Locos, Torrevieja
4. 3-Bedroom Property for Sale in Torrevieja City Center
Near “Torrevieja Globus S. L” and “Chinese Restaurant Bar 09”
Asking Price: €71,000
| GROSS RENTAL YIELD | 21.89% |
| ANNUAL REVENUE | €15,545 |
| CASH ON CASH RETURN | 39.92% |
Playa de los Locos, Torrevieja
5. 4-Bedroom Waterfront Property for Sale in Torrevieja
100m from Playa de los Locos in Torrevieja
Asking Price: €109,680
| GROSS RENTAL YIELD | 23.17% |
| ANNUAL REVENUE | €25,412 |
| CASH ON CASH RETURN | 43.74% |
airbnb property for sale Torrevieja
Conclusion
Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Torrevieja such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property.
Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on which to base their conclusions!
As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.
