Last updated on June 21st, 2023
airbnb property for sale Benalmadena
Best known as one of the most important tourist centers of the western Costa del Sol, Benalmadena offers sandy and scenic beaches where visitors can enjoy the sea breeze while enjoying an exquisite sangria.
Benalmadena’s vibrant environment can captivate anyone with the beauty of its landscape, rich historical heritage, architectural attractions as well as great tourist facilities. Thanks to these aspects, this city draws visitors from all over the world, especially during their peak season, which takes place during the months of June – September.
If you are considering starting an Airbnb business in Spain, particularly in the Benalmadena area, then you should not only consider the property’s architectural design or its close proximity to major tourist areas but also determine its profitability. It will also be a plus for you to learn more about the Airbnb rules in Benalmadena so that you can run your Airbnb listing without problems.
According to Fotocasa report about the profitability of Spanish coast cities, Benalmadena offers a rental yield of 5.5%.
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“The average gross rental return is between 4.00% and 5.15% on long term rentals with holiday lets often command much greater rates. For this reason, if you’re looking to make a buy-to-let investment then there is no better place to look than the Costa del Sol.”
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 Benalmadena, which is an essential step when buying a property investment in Spain.
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 Benalmadena?
Using a short-term rental income estimator, it was discovered that a 3-bedroom apartment in Benalmadena – Torrequebrada can generate an annual revenue of €47,533 with a steady occupancy rate of 66% and a nightly rate of €160.
airbnb property for sale Benalmadena
Profitable Properties for sale in Benalmadena
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 properties with stunning sea views in places like Torrequebrada or aim for cheap City Center apartments in Benalmadena. Here are some of the profitable properties in Benalmadena along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
Arroyo de la Miel, Benalmádena
1. Studio-type Waterfront Property for Sale Benalmadena
Seven minutes by car from Playa de Santa Ana and fifteen minutes from Malaga International Airport
Asking Price: €86,000
| GROSS RENTAL YIELD | 19.16% |
| ANNUAL REVENUE | €16,478 |
| CASH ON CASH RETURN | 31.71% |
Zona Centro Comercial Torrequebrada, Benalmádena
3. 1-Bedroom Waterfront Property for Sale Benalmadena
Near Camineria Calle Faro Hacia Timon
Asking Price: €102,900
| GROSS RENTAL YIELD | 18.23% |
| ANNUAL REVENUE | €18,761 |
| CASH ON CASH RETURN | 28.93% |
Apartment for sale in Benalmádena
3. 2-Bedroom Property for Sale in Benalmadena City Center
Located in Benalmádena, Málaga
Asking Price: €93,000
| GROSS RENTAL YIELD | 24.64% |
| ANNUAL REVENUE | €22,918 |
| CASH ON CASH RETURN | 48.16% |
Zona Centro Comercial Torrequebrada, Benalmádena
4. 3-Bedroom Waterfront Property for Sale Benalmadena
Near Mallorca Tutoring Academy Group
Asking Price: €180,000
| GROSS RENTAL YIELD | 15.71% |
| ANNUAL REVENUE | €28,284 |
| CASH ON CASH RETURN | 21.37% |
Zona Centro Comercial Torrequebrada, Benalmádena
5. 4-Bedroom Property for Sale Benalmadena City Center
Near Raices Montessori Benalmadena
Asking Price: €199,500
| GROSS RENTAL YIELD | 21.09% |
| ANNUAL REVENUE | €42,074 |
| CASH ON CASH RETURN | 37.50% |
airbnb property for sale Torrevieja
airbnb property for sale Benalmadena
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 Benalmadena 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.
