Last updated on June 21st, 2023
airbnb property for sale Granada City Center
Granada is one of the most interesting cities in the Andalusian Province, filled with breathtaking monuments and picturesque landscapes. Of course, as a popular touristic city, in 2021, Granada welcomed around 2.5M visitors according to Europa Press.
Located at the foot of the Sierra Nevada, Granada provides captivating mountain views along with architectural jewels of the Renaissance. This city has many touristic spots that are renowned worldwide, among them, the best known are the Alhambra, the Generalife and the Mirador de San Nicolas.
Before starting an Airbnb business in Spain, you must consider some important things such as the major costs, revenue and rental yield. It is also fundamental to learn about the Airbnb rules in Granada so that you can manage your future listing smoothly.
Based on Idealista’s 2022 Housing Profitability Research, Granada has an attractive rental yield of 5.1%.
“Granada is a city with great economic potential, despite having just 300,000 inhabitants, it is one of the Spanish cities with the most university students and more than three million tourists visit it every year, this together with its high standard of living, makes it a very attractive city for companies and investors.”
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 Granada, 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 Granada City Center?
After making use of an Airbnb income calculator, it was discovered that a 2-bedroom apartment in Granada City Center can generate an annual revenue of €31,678 with a steady occupancy rate of 77% and a nightly rate of €109.
airbnb property for sale Granada City Center
Cheap flats and houses for sale in Granada City Center
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 profitable houses, flats or villas in Granada popular neighbourhoods such as Olivares, Santa Fe or Figares! Here are some of the profitable properties in Granada City Center along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
2. 1-Bedroom Property for Sale in Granada
Near the Church and the central square
Asking Price: €50,000
|GROSS RENTAL YIELD||32.95%|
|CASH ON CASH RETURN||73.09%|
3. 2-Bedroom Property for Sale in Granada
2 km. from the well-known Granada airport
Asking Price: €84,900
|GROSS RENTAL YIELD||25.41%|
|CASH ON CASH RETURN||50.46%|
4. 3-Bedroom Property for Sale in Granada
Near Centro De Educación Infatil Casita De Nana
Asking Price: €87,000
|GROSS RENTAL YIELD||28.46%|
|CASH ON CASH RETURN||59.62%|
5. 4-Bedroom Property for Sale in Granada
Near Plaza Pacheco
Asking Price: €99,000
|GROSS RENTAL YIELD||34.87%|
|CASH ON CASH RETURN||78.86%|
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 Granada 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.