airbnb property for sale Benidorm city center
Best known as the tourist capital of the Valencian Community, the city of Benidorm is bathed by the Mediterranean Sea and surrounded by dazzling skyscrapers.
Benidorm is widely known for its sandy and extensive beaches like Playa Levante and Playa Poniente. But this is not the only attraction that the city has to offer as it also boasts a vibrant nightlife and many landmark monuments. Among its top cultural sites of interest, we can find Saint Jaime and Saint Anna Churches, Punta del Cavall Tower and the Tossal de La Cala.
Did you know that Benidorm is in the top six Spanish cities with greater tourist arrivals according to El Español? This beautiful city welcomes around 11M visitors annually, so this is perfect for property investors who want to cater to tourist accommodations.
Investing in Benidorm is a great idea, but before buying an investment property, you should also consider other major costs and metrics such as the revenue and occupancy rates. Something else but not less important that you should take into account is the Airbnb Rules in Benidorm to avoid any major problems!
Based on a report from Fotocasa life, Benidorm’s profitability is close to 6%. On the other hand, the city’s housing values had an evolution of 6.1% compared to last year.
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 in Benidorm.
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 Benidorm Old Town?
Using an Airbnb income calculator, it was discovered that a 3-bedroom apartment in Benidorm Old Town can generate an annual revenue of €30,978 with a steady occupancy rate of 70% and a nightly rate of €101.
airbnb property for sale Benidorm city center
Holiday Homes & Apartments for sale in Benidorm
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. If you are looking for cheap houses and flats in Benidorm, then you probably should aim for one located in notorious zones such as Levante, Poniente or the Old Town. Here are some of the profitable properties in Benidorm along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
1. Studio-type Property for Sale in Benidorm
Near Parque Infantil
Asking Price: €49,900
GROSS RENTAL YIELD | 19.68% |
ANNUAL REVENUE | €9,822 |
CASH ON CASH RETURN | 33.28% |
3. 1-Bedroom Property for Sale Benidorm
Near Esglesia Parroquial
Asking Price: €69,000
GROSS RENTAL YIELD | 18.76% |
ANNUAL REVENUE | €12,944 |
CASH ON CASH RETURN | 30.51% |
Islas Menores-Mar de Cristal, Cartagena
3. 2-Bedroom Property for Sale in Benidorm
Near Iglesia de Mar de Cristal
Asking Price: €43,000
GROSS RENTAL YIELD | 39.92% |
ANNUAL REVENUE | €17,166 |
CASH ON CASH RETURN | 94.00% |
4. 3-Bedroom Property for Sale in Benidorm
Near Club Privado Sierra Cortina Resort
Asking Price: €180,000
GROSS RENTAL YIELD | 12.22% |
ANNUAL REVENUE | €22,001 |
CASH ON CASH RETURN | 10.90% |
GROSS RENTAL YIELD | 35.83% |
ANNUAL REVENUE | €32,243 |
CASH ON CASH RETURN | 81.72% |
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 Benidorm 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.