Last updated on June 21st, 2023
best places to Airbnb in Granada
Key Takeaways
• The low cost of living, affordable real estate market, and good living conditions of Granada have helped many hosts to earn a nice passive income through Airbnb.
• Learn the advantages that investors can enjoy when investing in short-term rentals in Granada.
• Discover the top areas in Granada for investment properties along with their median housing values and respective Airbnb data.
Introduction
Located at the foot of the Sierra Nevada mountains and at the confluence of four rivers, Granada lies majestically with an outstanding beauty capable of taking your breath away. The city itself is an important tourist destination as it’s home to remarkable monuments and historical sites. Its close proximity to the Sierra Nevada Ski Station is definitely another reason that makes Granada a gem.
Additionally, Granada possesses an interesting real estate market and offers a great quality of life and a friendly environment. No wonder this city is one of the best places to invest in the Andalusia Community!
And if you wonder, “which are the best neighborhoods or nearby cities for Airbnb around Granada?” – we got you!
In this article, we’ll feature the best places to invest in Airbnb in Granada and some of the expectations for investment properties in this city. Continue reading to learn more.
Advantages of buying a rental property in Granada
Buying an investment property in Spain, particularly in Granada, can become a great source of income. But you may be wondering what benefits does this location offer to property investors?
Check out some of the major reasons why investing in vacation rentals in Granada is a great idea:
Great quality of life
Granada does not only offer stunning surroundings but also a good quality of life. With a friendly atmosphere, affordable cost of living, and delicious gastronomy you can expect to enjoy a superb life!
Granada provides its residents with high-quality amenities, modern infrastructure, a reliable healthcare system, and plenty of educational opportunities. The city also provides a vast network of transportation options.
Affordable living cost
As mentioned above, one positive advantage that Granada offers is its affordable cost of living. Expenses, as well as rent and housing prices, are fairly affordable in Granada compared to other major Spanish cities.
According to Fotocasa portal, the average property price is €194K and the median rent value is €849. And the best part is that you still get to enjoy a high standard of living!
Plenty of things to do
While Granada’s overall environment is quite peaceful, it also possesses a wide array of enjoyable leisure options. Across the city, you can find a variety of museums, cultural centers, restaurants, exotic tea houses, and much more. The city also hosts a variety of events and festivals throughout the year!
Granada owns a heritage of great artistic and historical value as it’s home to renowned sites such as the Alhambra, Nasrid Palaces, and Generalife Gardens. If you visit San Nicolás, you can appreciate the unforgettable cityscape against the backdrop of the Sierra Nevada mountains.
There are also recreational activities in the Sierra Nevada for outdoor enthusiasts. The mountains are great for snow sports like hiking, skiing and sledding.
Is Airbnb Profitable in Granada?
Concerned that your investment property in Granada won’t provide fruitful results? Be at ease! Airbtics confirms that investing in real estate in Granada can help you generate a nice rental income. Yet, investors should note that the level of profitability depends on other factors such as the property size and location.
In addition, it’s important to learn about the Airbnb rules in Granada for legal compliance and smooth operation of your listing.
Based on Airbtics’ data, an Airbnb host can expect an average annual revenue of €25,943 and a median occupancy rate of 63% for operating a 3-bedroom property in Granada.
Top Areas in Granada to Invest in Real Estate
Before starting a rental business, there is a variety of Airbnb host expenses that should be considered, albeit it’s equally important to choose the right property location to boost your gains.
Granada has 8 designated districts, which are subdivided into 28 neighborhoods, each with its distinctive characteristics and charms. Considering there is a variety of areas in the city, their profitability differs from one location to another. Thus, choosing the adequate market to buy your investment property in Granada can turn into a difficult challenge.
Check out the best neighborhoods and nearby cities in Granada that are highly recommended for starting an Airbnb business:
5 Best Areas to Invest in Granada
1. Centro
- Total Number of Airbnb Listings: 601
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €265,000
- Airbnb Annual revenue: €30,012
- Gross rental yield: 11.33%
2. Albaicín
- Total Number of Airbnb Listings: 528
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €250,000
- Airbnb Annual revenue: €29,619
- Gross rental yield: 11.85%
3. Figares
- Total Number of Airbnb Listings: 161
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €278,000
- Airbnb Annual revenue: €27,235
- Gross rental yield: 9.8%
4. San Ildefonso
- Total Number of Airbnb Listings: 70
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €249,000
- Airbnb Annual revenue: €26,103
- Gross rental yield: 10.48%
5. Realejo
- Total Number of Airbnb Listings: 446
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €79,000
- Airbnb Annual revenue: €20,145
- Gross rental yield: 28.02%
5 Best Cities to Invest in Near Granada
1. Nerja
- Distance from Granada: 97 kilometers
- Total Number of Airbnb Listings: 1,400
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €310,000
- Airbnb Annual revenue: €22,088
- Gross rental yield: 7.13%
2. Málaga
- Distance from Granada: 132 kilometers
- Total Number of Airbnb Listings: 4,169
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €250,000
- Airbnb Annual revenue: €32,886
- Gross rental yield: 12.9%
3. Almería
- Distance from Granada: 168 kilometers
- Total Number of Airbnb Listings: 365
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €150,000
- Airbnb Annual revenue: €11,543
- Gross rental yield: 7.7%
4. Córdoba
- Distance from Granada: 204 kilometers
- Total Number of Airbnb Listings: 1,077
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €105,000
- Airbnb Annual revenue: €25,753
- Gross rental yield: 24.53%
5. Sevilla
- Distance from Granada: 253 kilometers
- Total Number of Airbnb Listings: 4,426
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €190,000
- Airbnb Annual revenue: €33,248
- Gross rental yield: 17.50%
Takeaway
In summary, Granada has a variety of promising areas that offer good investment returns for real estate investors. But even if there are diverse locations around Granada with attractive rental yields and annual revenue, it’s still crucial to consider your options thoroughly without rushing things.
After discovering the best places to Airbnb in Granada, take the next step and check Airbtics’ Airbnb profit estimator. Set sail on a lifetime investment journey thinking about long-term profitability. With the help of our top-notch analytics tool, you can greatly maximize your profitability now!
Explore The Most Profitable Airbnb Locations in Granada
