airbnb property for sale Zaragoza City Center
Zaragoza or Saragossa is the capital city of the Aragon Community that lies by the Ebro, Huerva, and Gallego rivers, which give this place a unique and charming touch.
Zaragoza has many meaningful touristic spots such as the colossal Basílica del Pilar where visitors can admire the masterpieces of Francisco de Goya. Near the Basilica, we can find the Cathedral of the Savior, which was declared a World Heritage Site by UNESCO.
Buying an investment property in Spain is truly a profitable idea, but before taking the next step, it is really important to consider the major costs, revenue and rental yield first. The great news for investors like you is that according to Idealista’s 2022 Housing Profitability Research, Zaragoza has a rental yield of 6.3%.
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“The advantage that Zaragoza offers for investors compared to the rest of the large cities in Spain is that it has a large, stable population, with moderate rental and purchase prices. Investors need less capital to purchase a property, which reduces risks while diversifying the investment in multiple properties.”
– Landa Propiedades in Fotocasa life
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.
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 Zaragoza City Center?
Using a free Airbnb profit estimator, it was discovered that a 2-bedroom apartment in Zaragoza City Center can generate an annual revenue of €30,620 with a steady occupancy rate of 80% and a nightly rate of €93.
airbnb property for sale Zaragoza City Center
Cheap apartments and properties in Zaragoza
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. You can consider buying profitable properties in Zaragoza in popular zones like Plaza de Toros and Pinares de Venecia! Here are some of the profitable properties in Zaragoza City Center along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
1. Studio-type Property for Sale in Zaragoza
10 miles from the central market
Asking Price: €35,000
| GROSS RENTAL YIELD | 30.68% |
| ANNUAL REVENUE | €10,738 |
| CASH ON CASH RETURN | 45.98% |
2. 1-Bedroom Property for Sale in Zaragoza
Near Colegio La Salle Montermolin
Asking Price: €54,000
| GROSS RENTAL YIELD | 31.54% |
| ANNUAL REVENUE | €17,029 |
| CASH ON CASH RETURN | 68.84% |
3. 2-Bedroom Property for Sale in Zaragoza
Near Colegio San Antonio de Padua
Asking Price: €76,500
| GROSS RENTAL YIELD | 26.70% |
| ANNUAL REVENUE | €20,425 |
| CASH ON CASH RETURN | 54.33% |
4. 3-Bedroom Property for Sale in Zaragoza
Near Plaza Mariano de Cavia
Asking Price: €71,000
| GROSS RENTAL YIELD | 26.22% |
| ANNUAL REVENUE | €19,006 |
| CASH ON CASH RETURN | 52.88% |
Calle de Vista Alegre, 7, San José, Zaragoza
5. 4-Bedroom Property for Sale in Zaragoza
Near Museu de Valls
Asking Price: €130,000
| GROSS RENTAL YIELD | 26.06% |
| ANNUAL REVENUE | €33,883 |
| CASH ON CASH RETURN | 52.42% |
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 Zaragoza 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.
