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Best Places to Airbnb in Bilbao: Where to Invest in Real Estate 2023?

best places to Airbnb in Bilbao

Key Takeaways

The economic stability and great quality of life of Bilbao have helped many property investors to enjoy financially rewarding experiences. 

Discover the main advantages that real estate investors have when investing in Bilbao.

We unveil the 8 most profitable places in Gran Bilbao and also their recommended property types & their corresponding Airbnb data. 

Introduction

Bilbao lies on the northern tip of the Iberian peninsula, flanked majestically by its estuary and mountain ranges. This vanguardist city serves as a reference point of modernity thanks to its impressive architecture and renowned landmarks like the Guggenheim Museum.

The capital of Biscay Province is the gateway to the Basque cultural heritage. In Bilbao, you can explore streets filled with a vibrant atmosphere, tradition, and history while savoring the city’s exquisite cuisine.  

Furthermore, Airbnb mentioned Bilbao as one of the top 5 most welcoming Spanish cities. Hence, visitors can enjoy a friendly environment, try delicious dishes, and visit splendid recreational areas and then return to their home places with renewed vigor!

In this article, we’ll feature the best places to own an Airbnb in Bilbao including the top nearby cities. You will also get to know some of the expectations for real estate investments in this city. Stoked to learn more? Then continue reading!

Reasons to Invest in Real Estate in Bilbao

It’s a given fact that Bilbao is an attractive city to target if you’re considering investing in real estate since it can become a great way to generate a nice income stream. But what are the main reasons why investors should consider investing in Bilbao? 

Check out some of the reasons why doing real estate investment in Bilbao is a good choice:

  • Dynamic and stable economy

Bilbao enjoys a thriving economic expansion and is a hub for a plethora of job opportunities. The sectors that contribute more to the city’s economic output are finances, marketing, commerce, IT, and healthcare. Thanks to this and its high standard of living, many people are looking to relocate to this city, which consequently puts the rental market in a positive light. 

In addition, Bilbao enjoys favorable tax treatment, which greatly attracts companies and investors, national and foreign alike. According to the El Correo report, Bilbao is the 10th most attractive European city to invest in! 

  • Great living conditions

Bilbao offers a safe and clean environment with a great healthcare system and high-quality amenities right at your fingertips. In fact, Bilbao holds the top 3 in the ranking of the Spanish cities with the best quality of life

On the other hand, living in Bilbao may not be cheaper compared to other Spanish cities, but it’s still more affordable than other European cultural centers. According to the FotoCasa housing index, the average property value in Bilbao is €339,250 while the median rent price is €1,234. Yet, prices decrease the farthest away you are from the city center.

  • Plenty of things to do

With mild temperature conditions all through the year and a wider array of recreational options, Bilbao is surely a catch if you want to renew your energy.

Discovering Bilbao is a lifetime experience you have to come and see for yourself as the city is leisure and culture at the same time. There are plenty of emblematic buildings, cultural centers, museums, and green spaces. Additionally, Bilbao is a paradise for food lovers since there are bustling restaurants, cafes, and bars that serve aperitifs that will make your mouth water.

On the other hand, if you want to engage yourself in exciting outdoor activities, there are a variety of natural areas such as the Pagasarri mountain. You can also find pristine beaches with first-class waves and spectacular cliffs located nearby Bilbao. 

Is Airbnb Profitable in Bilbao?

Are you looking to rent a flat in Bilbao but are concerned that your Airbnb listing won’t make a good profit? Don’t fret anymore! Airbtics confirms that this city can offer attractive investment opportunities to investors like you. 

Based on Airbtics’ data, an Airbnb host can expect an average annual revenue of €37,552 and a median occupancy rate of 77% for operating a 2-bedroom property in Bilbao. With over 1,072 Airbnb listings, Bilbao certainly is a catch for property investors!

best places to Airbnb in Bilbao

Top Places to Invest in Rental Properties Bilbao, Spain

While there are many host expenses to consider before starting an Airbnb business, it’s crucial to analyze the property location so that you can get the most out of your listing.

Bilbao is the largest city by area in Biscay Province and the tenth most populous city in the country. It has around 21 unique neighborhoods, each with its own charm, characteristics, as well as leisure offerings. Thus, choosing the best location to buy an investment house in Bilbao, Spain can be quite a challenge.

Check out the best neighborhoods and nearby municipalities in Gran Bilbao that are highly recommended for rental properties:

1. Indautxu
  • Total Number of Airbnb Listings: 72
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): €340,000
  • Airbnb Annual revenue: €47,422
  • Gross rental yield: 13.95%
2. Abando-Albia
  • Total Number of Airbnb Listings: 155
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): €400,000
  • Airbnb Annual revenue: €45,340
  • Gross rental yield: 11.34%
3. Castaños
  • Total Number of Airbnb Listings: 122
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): €335,000
  • Airbnb Annual revenue: €40,907
  • Gross rental yield: 12.21%
4. Casco Viejo
  • Total Number of Airbnb Listings: 162
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): €225,000
  • Airbnb Annual revenue: €40,005
  • Gross rental yield: 17.78%
5. Las Cortes
  • Total Number of Airbnb Listings: 50
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): €249,000
  • Airbnb Annual revenue: €37,058
  • Gross rental yield: 14.88%
6. Rekalde
  • Total Number of Airbnb Listings: 94
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): €199,900
  • Airbnb Annual revenue: €29,021
  • Gross rental yield: 14.52%
7. Getxo
  • Distance from Bilbao: 12 kilometers
  • Total Number of Airbnb Listings: 144
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): €320,000
  • Airbnb Annual revenue: €25,879
  • Gross rental yield: 8.09%
8. Bakio
  • Distance from Bilbao: 29 kilometers
  • Total Number of Airbnb Listings: 87
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): €198,000
  • Airbnb Annual revenue: €26,007
  • Gross rental yield: 13.13%

Summary

Overall, investment properties in Bilbao offer promising opportunities to investors and Airbnb hosts alike. Vizcaya Community has many profitable areas that guarantee the cash-on-cash return to investors, albeit it is always worth analyzing all the options with care. For this reason, we recommend making use of Airbtics’ free Airbnb income calculator.

Now that you have a clear overview of the best places to Airbnb in Bilbao, take the next step by making use of the Airbnb analytics tool! This way you can make data-based decisions and improve your property investment strategies.

Explore The Most Profitable Airbnb Locations in Bilbao

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