Second residence on the Costa Blanca as a profit-maker
25.1.17, CH: The holiday house or finca on the Costa Blanca, one of the most beautiful coasts in Spain, was bought to relax during the holiday. Sun, beach and sea. Who can resist? Of course, if you opt for a property in the sunny south, this cannot be used mostly throughout the year. As a second home, the domicile is nevertheless an excellent option to escape, for example, the cold season. Who would not like to enjoy pleasant temperatures throughout the year? In the past, holiday apartments were mainly bought for their own use. Today this has changed.
More and more often, real estate buyers are not just concerned about their own recreational factor. Rather, the focus is on making money with it. The finca in Spain is bought with the background, as an investor to improve the household fund or to pay back the investment costs for the purchase.
Clearly a good argument. Whoever cannot use his second home permanently is best advised to rent it during the absence. Even before the purchase of the object the question arises, what happens with the holiday house, if one is not on site. So, that it is not empty, it is a good option to rent it to holidaymakers. Especially during High season in from June – August a good profit can be generated, usually in 12 weeks the same income as in a whole year with long term rental.
Over the last few years the range of holiday properties on the Spanish coasts has risen significantly. The reasons for this are clear: low interest rates for savings deposits and favorable financing offers for Fincas & Co. The dream of buying a holiday property on the Costa Blanca is within reach. Favorable property prices, favorable financing options and the option to get good returns through the rental make the second home realistic. Even if the economic crisis in Spain is hardly noticeable, the supply of vacant properties is still available. It is always worth considering having a second home on the Costa Blanca. Maybe now as an investor, later perhaps for personal retirement?