Last updated on June 21st, 2023
best places to Airbnb in galicia
Key Takeaways
• The solid tourist market, great quality of life, and lucrative rental markets of Galicia have helped hosts to obtain a good passive income through Airbnb.
• Get to know the advantages real estate investors can enjoy when buying a property investment in one of the cities of Galicia Community.
• Find out the top 8 most profitable cities in Galicia along with their recommended property types and Airbnb data.
Introduction
Embraced by the waters of the Atlantic Ocean and the Cantabrian Sea, the Autonomous Community of Galicia sits in a majestic location. With an overall flaring natural beauty, this region is home to fascinating cities and towns that own a rich cultural legacy. In fact, this is a paradise filled with charm and mysticism with an intrinsic value.
Galicia is a trendy destination that offers plenty of investment opportunities to real estate investors who are looking for profitable rental markets. As the region enjoys important economic growth and a steady demand for properties, real estate investors can expect a high potential for strong returns on investments!
In this article, we’ll reveal the best places to invest in Airbnb in Galicia, and some of the expectations when investing in real estate in this community. Continue reading to learn more about this market!
Top Reasons to Invest in Galicia, Spain
Doing an Airbnb real estate investment in Galicia is an ingenious way of generating a good rental income that can potentially lead to achieving the desired financial freedom. But what advantages can Galicia’s cities offer to real estate investors?
Check out some of the reasons why investing in vacation rentals in Galicia, Spain is an excellent idea:
Growing economy
Galicia has been enjoying positive economic growth in recent years with high GDP per capita. The sectors that contribute the most to the community’s economy are the textile and automotive industries. However, sectors related to the services such as commerce, tourism, and transportation also play an important role in Galicia’s financial performance.
Enjoy a good quality of life
Galicia Community is widely known for offering the best living conditions to its residents and visitors. The cities located in this community offer a laid-back lifestyle where you can enhance your well-being and enjoy your life to the fullest. Residing in one of the Galician cities means that you can have easy access to optimal public services such as transportation, healthcare, and education.
Another advantage of living in the Galicia community is its low cost of living and affordable real estate market. The average property price varies depending on the province, but they’re still fairly affordable. For instance, the median value is €1,453/m2 for houses located in Ourense, €1,882/m2 in Santiago de Compostela and €2,101/m2 in Vigo.
Plenty of things to do
It’s a given fact that Galicia’s scenic beauty stirs up emotions and can even leave you speechless. With plenty of unusual sceneries blended with charming localities filled with history, culture and traditions, it’s almost impossible not to end up captivated by this community.
Galicia allows visitors to freely explore its surroundings while getting the best experiences when discovering all its fascinating corners. Do you want to engage in exciting outdoor activities? That’s great because in Galicia you can become one with nature! You can climb up mountains, navigate rivers while enjoying striking views, take a stroll on stunning beaches, or discover woods of singular beauty.
A great market for Airbnb listings
Galicia opens the doors to countless investment opportunities that can provide beneficial rewards to those targeting its markets. Whether you’re thinking about buying a house to live in or a holiday property to let, Galicia certainly will have something prepared to fit your specific needs.
As a matter of fact, Galicia’s cities stand out as trendy Airbnb destinations in a variety of categories. For instance, the cities of Vigo, Sanxexo and Viveiro rank well among the popular summer destinations in Spain. Coastal cities and towns of the Galicia Community are also quite famous for their surf tourism offerings according to Airbnb.
Additionally, Airbnb pointed out that listings located near the Galician vineyards offer an even greater financial experience to Airbnb hosts! Hence, investors like you can expect a good return on investment by owning an Airbnb property in this very specific community.
Is Airbnb Profitable in Galicia?
Don’t worry – Airbtics assures you that investing in real estate in Galicia Community is profitable. That being said, the level of profitability that a listing can generate highly depends on the property type and location. For this reason, knowing what type of property is best for Airbnb is a factor that must be considered!
An Airbnb host can expect an average annual revenue of €21,575 and a median occupancy rate of 63% for operating a 2-bedroom property in the capital city of Galicia, Santiago de Compostela, as confirmed by Airbtics’ data.
Best Cities to Invest in Galicia Real Estate
Galicia is home to 4 unique provinces, each of which is subdivided into a variety of charming cities and towns that offer different levels of profitability and benefits. Thus, it can be a challenge to choose the best place to buy a property to rent in Galicia.
Check out the best cities in Galicia that are recommended for investment properties:
1. Santiago de Compostela
- Total Number of Airbnb Listings: 435
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €200,000
- Airbnb Annual revenue: €29,200
- Gross rental yield: 14.6%
2. Pontevedra
- Total Number of Airbnb Listings: 194
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €170,000
- Airbnb Annual revenue: €21,073
- Gross rental yield: 12.40%
3. A Coruña
- Total Number of Airbnb Listings: 438
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €210,000
- Airbnb Annual revenue: €20,443
- Gross rental yield: 9.73%
4. Vigo
- Total Number of Airbnb Listings: 557
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €195,000
- Airbnb Annual revenue: €18,503
- Gross rental yield: 9.49%
5. Ferrol
- Total Number of Airbnb Listings: 117
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €81,000
- Airbnb Annual revenue: €17,979
- Gross rental yield: 22.20%
6. Concello de Foz
- Total Number of Airbnb Listings: 186
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €99,000
- Airbnb Annual revenue: €17,026
- Gross rental yield: 17.20%
7. Ourense
- Total Number of Airbnb Listings: 145
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €123,000
- Airbnb Annual revenue: €14,991
- Gross rental yield: 12.19%
8. Lugo
- Total Number of Airbnb Listings: 121
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €120,000
- Airbnb Annual revenue: €11,529
- Gross rental yield: 9.61%
Conclusion
Galicia’s rental markets can help investors to obtain a good return on investment by owning a property and listing it on Airbnb in the cities mentioned above. While there are plenty of cities in Galicia with attractive profitability and occupancy rates, we encourage you to analyze your options carefully so you won’t miss out on better opportunities. Thus, we recommend you make use of the best analytics tools available on the market, such as Airbtics!
Now that you know about the best places to invest in Airbnb in Galicia, you should continue your research in order to make the most out of your property! Check out our short-term rental estimator and boost your gains while making data-based decisions now!
Explore more profitable places around Galicia
