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Short-Term Let (Holiday Let)

Spain is Europe's Number 1 holiday destination, and while it remains popular and the sun continues to shine, Spain should continue to attract a huge amount of tourists. The advent of cheap no-frills airlines has also altered the buy to let market in Spain, with more visitors to Spain now booking their travel and accommodation independently, rather than taking a traditional package holiday.

When considering a buy to let investment in Spain, location is key. You need to consider if your chosen destination would attract holiday-makers, and then consider the type of tourist that would want to stay in your chosen property.

Let's consider two options:
  1. a 3 bed penthouse overlooking a golf course, 30 minute drive inland.
  2. a 2 bed ground floor apartment, within walking distance to the beach and shops.

Option 1 has the benefit of a third bedroom and could therefore accommodate a larger travelling group, but the property's inland location will probably offer most appeal to keen golfers. Therefore, the golf season, which runs from September to May in Southern Spain, would become your potential high season for rentals. The attractions of Option 1 may not appeal to the same extent to holidaymakers looking for a place in the heat of the summer in Spain. Although the third bedroom could be a bonus for larger families, some may feel that being in a penthouse would not be practical (particularly if there is no elevator) and may present a safety concern for children. Conversely, Option 1 could appeal to 3 couples seeking a property with a great view.

Option 2 provides the most popular location for summer holiday makers, with its proximity to beaches and facilities. The ground floor aspect of the property could appeal to parents wanting to keep an eye on their children by the pool, or to infirm travellers. The typical high season for this property in Spain would be from June to September, but if there are few year-round facilities or golf courses in the area, the property may be rarely used in winter months, particularly in under-developed areas.

Consider these two options, and then also consider your own personal tastes and habits. Take into account when and if you would want to use your Spanish property yourself. If you want to use Option 2 for your family for 6 weeks in the summer, you will be sacrificing an almost guaranteed 6 weeks high season rental income.

Some of the best examples of popular buy to let property in Spain are those places with easy access to beach, golf, airport and facilities. If all of these can be offered within a relatively easy drive (or even some within walking distance), then this could prove to be a good buy to let investment.

You then need to showcase your buy to let property in Spain to attract visitors. There are many rental agents in Spain, and you may consider using a mixed approach to your marketing, using rental agents, websites and word of mouth to generate business.

Your Key to Spain offers a highly optimised, commission-free rental portal on which to showcase your property ...
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