Last updated on June 21st, 2023
airbnb property for sale Tarragona City
The charming city of Tarragona stands out with its impressive Roman archeological sites that were included in the World Heritage list by UNESCO. The best-known touristic spot that is widely known is the Archaeological Ensemble of Tarraco which is the first and oldest Roman settlement on the Iberian Peninsula.
Did you know that during the Summer of 2022, Tarragona registered a historical record as they welcomed more than 199,000 tourist arrivals? This is perfect for property investors who want to cater to tourist accommodations
If you are considering investing in a property in Tarragona city, then it is essential for you to analyze some metrics, such as revenue, occupancy rates and yields. You can also opt not to purchase a property and do rental arbitrage in Tarragona instead, and do not worry because it is legal.
Based on research conducted by Idealista, the rental yield in Tarragona surpasses 6% and home values had an evolution of almost 7% compared to last year.
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 Tarragona City Center?
Using an Airbnb income calculator, it was discovered that a 2-bedroom apartment in Tarragona City Center can generate an annual revenue of €25,879 with a steady occupancy rate of 65% and a nightly rate of €94.
airbnb property for sale Tarragona City
Homes & Flats for sale in Tarragona, Spain
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 affordable flats and houses for sale in Tarragona in popular areas like the Old Town, Reus and Valls. Here are some of the profitable properties in Tarragona City Center along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
1. Studio-type Property for Sale in Tarragona
25 km from the city. Community of Cástilla and León
Asking Price: €16,500
| GROSS RENTAL YIELD | 18.81% |
| ANNUAL REVENUE | €13,166 |
| CASH ON CASH RETURN | 30.66% |
2. 1-Bedroom Property for Sale in Tarragona
180 km from the city of Barcelona and 170 km from the city of Valencia
Asking Price: €55,000
| GROSS RENTAL YIELD | 30.98% |
| ANNUAL REVENUE | €16,418 |
| CASH ON CASH RETURN | 67.16% |
| GROSS RENTAL YIELD | 25.74% |
| ANNUAL REVENUE | €20,590 |
| CASH ON CASH RETURN | 51.45% |
4. 3-Bedroom Property for Sale in Tarragona
30 seconds from the Ebro River, the Yacht Club and the Town Hall, 5 minutes on foot from the Regional Hospital
Asking Price: €72,500
| GROSS RENTAL YIELD | 25.04% |
| ANNUAL REVENUE | €28,794 |
| CASH ON CASH RETURN | 49.35% |
5. 4-Bedroom Property for Sale in Tarragona
Near Museu de Valls
Asking Price: €62,000
| GROSS RENTAL YIELD | 27.77% |
| ANNUAL REVENUE | €56,919 |
| CASH ON CASH RETURN | 57.53% |
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 Tarragona 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.
