Last updated on June 21st, 2023
airbnb property for sale A Coruña
A Coruña promises an enjoyable stay to all those who visit this enchanting city. Day or night, the city always offers a friendly environment where visitors can relax while exploring the main spots, such as the famous Tower of Hercules, the oldest existent lighthouse known!
A Coruña receives many visitors annually, both national and international. As matter of fact, the city welcomed 1,3M tourists only in 2021 according to Cluster Turismo de Galicia.
Buying an investment property in Spain, particularly in A Coruña region, sounds like a good plan! However, it is really important to consider the major costs, revenue and rental yield first. Another great option is to do rental arbitrage in A Coruña as it is legal and does not require you to purchase a property.
Based on Idealista’s 2022 Housing Profitability Research, A Coruña has a rental yield of 4.4% and home values had an evolution of almost 8% compared to 2021.
Source: Idealista
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.
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 A Coruña City Center?
Using a short-term rental calculator, it was discovered that a 2-bedroom flat in A Coruña City Center can generate an annual revenue of €21,857 with a steady occupancy rate of 62% and a nightly rate of €87.
airbnb property for sale A Coruña
Profitable Waterfront Properties & Flats for sale in A Coruña
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 waterfront properties for sale in A Coruña near Juan Florez with magnificent sea views or flats in the City Center or Teo area. Here are some of the profitable beachfront and City Center properties in A Coruña along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
Juan Flórez-San Pablo, A Coruña
1. Studio-type: City Center Property for Sale in A Coruña
A few meters from the Plaza de Pontevedra
Asking Price: €68,000
| GROSS RENTAL YIELD | 30.24% |
| ANNUAL REVENUE | €20,560 |
| CASH ON CASH RETURN | 64.94% |
2. 1-Bedroom: Beachfront Property for Sale in A Coruña
Near the Church and the central square
Asking Price: €50,000
| GROSS RENTAL YIELD | 31.62% |
| ANNUAL REVENUE | €15,812 |
| CASH ON CASH RETURN | 69.10% |
3. 2-Bedroom: Beachfront Property for Sale in A Coruña
Near Ria de Ferrol
Asking Price: €75,000
| GROSS RENTAL YIELD | 18.87% |
| ANNUAL REVENUE | €14,150 |
| CASH ON CASH RETURN | 30.83% |
Flat for sale in Mugardos, A Coruna
4. 3-Bedroom: Beachfront Property for Sale in A Coruña
Near Ria de Ferrol
Asking Price: €58,400
| GROSS RENTAL YIELD | 21.46% |
| ANNUAL REVENUE | €12,531 |
| CASH ON CASH RETURN | 38.60% |
Flat for sale in Mugardos, A Coruna
5. 4-Bedroom: Beachfront Property for Sale in A Coruña
Near the Maniños-Fene nucleus
Asking Price: €45,500
| GROSS RENTAL YIELD | 23.73% |
| ANNUAL REVENUE | €10,798 |
| CASH ON CASH RETURN | 45.43% |
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 A Coruña 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.
