Last updated on June 21st, 2023
best places to Airbnb in Tarragona
Key Takeaways
• The affordable real estate market and economic strength of Tarragona have helped many Airbnb hosts to earn a good passive income with short-term rentals.
• Learn the advantages that investors have when investing in short-term rentals in Tarragona and nearby areas.
• Find out the top neighborhoods and nearby cities in Tarragona along with their recommended property types, median housing values, and respective Airbnb data.
Introduction
Nestled beautifully along the Costa Daurada by the Mediterranean Sea lies the vibrant city of Tarragona. The city is filled with historical traditions and a captivating artistic heritage that can easily capture visitors’ hearts. This, coupled with its scenic beaches with warm waters and recreational facilities, makes the city turn into a significant international center for tourism.
With a healthy economy, solid tourist market, and affordable cost of living, Tarragona can easily draw investors’ attention. But here’s the big question, “where are the most profitable areas for Airbnb in Tarragona?” – we are here to help you!
In this article, we feature the best places to do Airbnb in Tarragona and some of the expectations for Airbnb investment properties in the city. Continue reading to learn more.
Why invest in an Airbnb in Tarragona?
Are you thinking of investing in a real estate property in Tarragona? If so, then you should know that this is a great way of achieving financial freedom. This is because Tarragona offers promising investment opportunities!
Wondering what are the main advantages offered by this location to property investors? Check out some of the major reasons why investing in Airbnb property investments in Tarragona is a great idea:
Great living conditions
Pleasant weather conditions, a reliable transportation network, recreational facilities, a clean environment, and accessible amenities are some of the things that one can enjoy when living in Tarragona! This coastal city offers a good quality of life where you get to spend your days in a cosmopolitan environment without having to worry about noise or air pollution.
Living in Tarragona means that you can have easy access to a variety of both public and private services, plenty of educational institutions, and a good healthcare system. Moreover, thanks to its location, there’s a good connection to nearby populations.
Affordable cost of living
Other advantages of investing in Tarragona include its living cost and housing values, which are fairly affordable compared to other metropolitan areas. The best part is that you still get to enjoy high-quality amenities as mentioned previously!
Currently, the median property price is €1,827/m2 with a 1-year change value of 2.8% as confirmed by Idealista.
Stable economic situation
Tarragona enjoys a stable financial situation as Catalonia’s second best area of economic development, next only to Barcelona. The city’s economy is mainly based on the high industrial and petrochemical sector. In fact, Tarragona is home to the largest petrochemical complex in Spain which is a major source of both direct and indirect employment.
In addition, the service industry is another large contributor to Tarragona’s economy, especially the sectors related to tourism.
There’s plenty to do!
Are you a nature enthusiast or a culture junkie? Well, whether you want to engage in exciting outdoor activities or visit fascinating historical & cultural sites, you will surely like Tarragona! The city will most likely have something fun prepared for you. Additionally, considering that Tarragona offers great weather conditions throughout the year, people can easily enjoy outdoor activities regardless of the season.
As the city is located on the shores of the Mediterranean, Tarragona owns around 15km of its coastline! This means that you can enjoy stunning beaches of warm waters. On the other hand, there’s no lack of cultural and historical attractions as the city is home to important archaeological sites that you certainly will love to visit.
Is Airbnb Profitable in Tarragona?
Airbtics confirms that Airbnb investment properties in Tarragona are certainly profitable. Still, investors should note that the level of profitability highly depends on the property type and location.
According to Airbtics’ data, an Airbnb host can expect an average annual revenue of €23,138 and a median occupancy rate of 62% for operating a 2-bedroom property in Tarragona city.
Top 10 Locations to Airbnb Around Tarragona
Before starting an Airbnb business in Spain, there are many host expenses to consider. Yet, the most important factor that investors should analyze is the property’s location.
Taking into account that Tarragona is divided into a variety of captivating neighborhoods, choosing the ideal location for your real estate investment in Tarragona may become quite a challenge. But we are here to lend you a hand!
Check out the best neighborhoods and nearby cities in Tarragona that are highly recommended for starting an Airbnb business:
Best Neighborhoods to Invest in Tarragona
1. Eixample
- Total Number of Airbnb Listings: 78
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €215,000
- Airbnb Annual revenue: €39,039
- Gross rental yield: 18.16%
2. Urbanitzacions de Llevant
- Total Number of Airbnb Listings: 51
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €250,000
- Airbnb Annual revenue: €28,293
- Gross rental yield: 11.32%
3. Eixample Nord
- Total Number of Airbnb Listings: 52
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €205,000
- Airbnb Annual revenue: €27,198
- Gross rental yield: 13.27%
4. Part Alta
- Total Number of Airbnb Listings: 130
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €165,000
- Airbnb Annual revenue: €25,276
- Gross rental yield: 15.32%
5. Barris Maritims
- Total Number of Airbnb Listings: 75
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): €70,000
- Airbnb Annual revenue: €19,722
- Gross rental yield: 28.17%
Best Cities to Invest near Tarragona
1. Salou
- Distance from Tarragona: 10 kilometers
- Total Number of Airbnb Listings: 1,316
- Best bedroom size: 3bedrooms
- Median property price (3 bedrooms): €195,000
- Airbnb Annual revenue: €24,564
- Gross rental yield: 12.60%
2. Reus
- Distance from Tarragona: 15 kilometers
- Total Number of Airbnb Listings: 115
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €130,000
- Airbnb Annual revenue: €20,218
- Gross rental yield: 15.55%
3. Cambrils
- Distance from Tarragona: 22 kilometers
- Total Number of Airbnb Listings: 721
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €220,000
- Airbnb Annual revenue: €21,490
- Gross rental yield: 9.77%
4. Sitges
- Distance from Tarragona: 60 kilometers
- Total Number of Airbnb Listings: 915
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €295,000
- Airbnb Annual revenue: €40,947
- Gross rental yield: 13.88%
5. Barcelona
- Distance from Tarragona: 98 kilometers
- Total Number of Airbnb Listings: 10,464
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €239,000
- Airbnb Annual revenue: €61,276
- Gross rental yield: 25.64%
Conclusion
Tarragona has many lucrative areas that offer good investment opportunities to Airbnb hosts. While there are plenty of neighborhoods and nearby cities in Tarragona that can bring attractive rental yields and annual revenue, it’s essential to analyze each of your options carefully. That’s why we recommend you take advantage of the digital era by making use of the best analytics tools available, just like Airbtics!
Now that you know the best places to Airbnb Tarragona, you should go further and check Airbtics’ short-term rental calculator. Embark on a profitable investment journey and maximize your gains now!
Explore The Most Profitable Airbnb Locations in Tarragona
