Last updated on June 21st, 2023
airbnb property for sale Almeria City Center
The small and welcoming city of Almería offers visitors a rich history and culture, but not only that – as you can also find sandy beaches, natural parks and exquisite cuisine.
Did you know that in 2021, Almeria welcomed more than 1.1M tourist arrivals according to Europa Press? It is understandable that Almeria draws the attention of visitors with their popular landmarks such as The Alcazaba, the ancient walls of Jayrán and the Archaeological Museum of Almeria.
Before starting an Airbnb business in Spain, specifically in Almería, you need to consider the major costs, revenue and rental yield. You can also choose to do rental arbitrage in Almeria since it is legal and does not require you to purchase a property.
According to Idealista’s 2022 Housing Profitability, Almeria offers an attractive rental yield of 7.1%, which can give property investors many benefits.
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 in Almeria, which is an important 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 Almeria City Center?
Using a short-term rental profit calculator, it was discovered that a 2-bedroom apartment in Almeria City Center can generate an annual revenue of €19,058 with a steady occupancy rate of 75% and a nightly rate of €61.
airbnb property for sale Almeria City Center
Cheap flats and houses for sale in Almeria Capital
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 flats for sale near the beach, located in popular zones like Roquetas del Mar, or if you want to opt for a house in the City Center, then maybe you will love El Zapillo or Nueva Almeria neighbourhoods!
Here are some of the profitable properties in Almeria City Center along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
Andalucia, Almería, Lubrín, Spain
1. Studio-type Property for Sale in Almeria
30.5 miles to Almería International
Asking Price: €45,000
| GROSS RENTAL YIELD | 29.30% |
| ANNUAL REVENUE | €13,183 |
| CASH ON CASH RETURN | 62.12% |
2. 1-Bedroom Property for Sale in Almeria
33.4 miles to Almería International
Asking Price: €80,000
| GROSS RENTAL YIELD | 16.77% |
| ANNUAL REVENUE | €13,417 |
| CASH ON CASH RETURN | 24.55% |
3. 2-Bedroom Property for Sale in Almeria
30.5 miles to Almería International
Asking Price: €49,500
| GROSS RENTAL YIELD | 23.56% |
| ANNUAL REVENUE | €11,660 |
| CASH ON CASH RETURN | 44.90% |
Andalucia, Almería, Oria, Spain
4. 3-Bedroom Property for Sale in Almeria
44.4 miles to Almería International
Asking Price: €49,950
| GROSS RENTAL YIELD | 24.87% |
| ANNUAL REVENUE | €12,423 |
| CASH ON CASH RETURN | 48.85% |
Urb. C/ Arrabal, Turre, Levante, Almería
5. 4-Bedroom Property for Sale in Almeria
Near Levante, Almeria
Asking Price: €51,600
| GROSS RENTAL YIELD | 23.21% |
| ANNUAL REVENUE | €11,976 |
| CASH ON CASH RETURN | 43.86% |
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 Almeria 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.
