Spain is home to great food, people, art, culture, and architecture. Thinking of adventure? Spain has it. Food enthusiastic? Spain boasts different flavor cuisines it offers. Need a break? Spain’s got jaw-dropping beaches to indulge in. Interested in partying? Head to Ibiza, known for its biggest parties.
Spain is one of the tourist hotspots in Europe. There are no limitations to what Spain can offer. And no doubt, there is a lot to love about Spain. According to the Spanish Statistics Institute (INE), international tourist arrivals to Spain saw an increase of 78.3%, and a total of 4.4 million arrivals were registered in July 2021. Furthermore, domestic tourism also increased slightly by 5.8 million compared to the previous years.
With that said, Spain is the third-largest investment in the European Union (EU). It has the most competitive and attractive business market. Therefore, the country itself offers great opportunities in investing in Airbnb real estate.
But of course, what are the factors in determining whether an Airbnb is a good investment? Well, here are some main factors to consider:
As both the domestic and international tourism industry strived and there is a high demand for vacation rentals, investing in Airbnb would be something to take a look at. Therefore, the article will guide you:
Here are few reasons as to why you should consider investing in Airbnb in Spain:
Before investing in a property in Spain, it is important to first do thorough research on the Airbnb Markets in Spain. Ask yourself:
These are just some of the questions that may cross your mind. Nevertheless, it is important to be aware and not treat the investment process as same in every other country. Keep in mind, that laws and regulations differ from country to country and not forgetting city to city as well.
Take note also that one main key factor is location- where tourism attractions are located and is it accessible to transportation? Apart from that, consider the local amenities it offers and the qualities that allow for a return of investment (RIO) such as:
Airbnb is completely legal in Spain however be aware of each region’s regulations. Furthermore, vacation rentals like Airbnb and Booking are classified as ‘tourist households’, in other words, stays that are less or equal to 31 days however again this depends on region to region.
Did you know? Granda has proposed a ban on city center rentals. Seville proposes to split the city into four tourist zones.
In Barcelona, short-term rental regulations are:
Tip: Be always be updated with the local laws and regulations of the chosen region
Managing properties can be difficult especially if you are not close to the vacation rental property location. And as a host, you are expected to be on call 24/7 for guests. Not forgetting, attending to the day-to-day operations, a vacation rental need. For example, maintenance or cleaning of the vacation rental property.
With that said, do consider hiring a property manager. That way, it takes care of your guests and your vacation rental needs. As a matter of fact, do also think to invest in Hostaway, a leading vacation rental software in helping to grow and run your vacation rental business smoothly.
Located on the coast of Northeastern, Spain. Barcelona is known for its modernist and breathtaking architecture with its atmospheric medieval quarter. Not forgetting its gorgeous seaside and its diversified cultural attractions that just makes it an alluring destination for both locals and tourists.
Barcelona also offers adventurous hidden side streets with small cafes or peaceful town squares where you may stumble street musicians’ melodies on Spanish guitars.
Situated on the lower reaches of the River Guadalquivir, Seville grabs you into the heart and soul of Andalusian town offering tourists’ a home-away-from-home feel. But of course, Seville is filled with its historic city of mix Moorish influences, discovering narrow streets to bustling plazas.
And the best highlight is Seville’s famous Plaza de Espana, green parks, and ever delicious tapas indulging in one of the most beautiful cities of Spain.
The third-largest city, Valencia, tells a story of wealthy merchants in the past with its rich cultural heritage from historic monuments such as the 15th Century Silk Exchange, the Museum of Fine Arts, and the 18th Century Marquise Palace.
Though with the historic city center, the city has emerged to the 21st century highlighting the sleek Modern Art Institute and the futuristic City of Arts and Sciences. With no doubt, the city climaxes a vibrant culture from its local festivals to its one-of-a-kind dishes to both locals and tourists.
Madrid is a modern city packed with cultural attractions from historical gems to world-class art to scenic parks and mouthwatering cuisines. It may not have the beauty of Barcelona or charms of Seville but Madrid does offer the real taste of Spain.
It is the center of social happenings, café cultures, and lively nightlife. The city offers many activities for both locals and tourists to enjoy. And do take advantage of the mild weather of spring or autumn. But of course, best to avoid summer with its undeniable heat.
Tacoronte is one of the hidden gems of Spain, located in the northeast of the Canary Islands. Do not be fooled by this small city as it offers unique things to do and remarkable places that are worth a visit. The city highlights Sendero Agua Garcia, Iglesia De Santa Catalina, Plaza Del Cristo and so much more.
Home to Spanish notables, Valladolid is the capital of the Castle and Leon region of Spain. It’s known for its vibrant, colorful and architecture. One of its highlights is the Plaza Mayor with its arcaded buildings, tourists, and locals packed with bars and restaurants.
Each year, one of the major events is Easter week celebrations with its religious parades, works of art, and not forgetting, an International Film Festival, Seminci, taking place in October.
Along the coastline of Costa del Sol, Malaga is known for its beach getaway and port city for high-rise hotels and beachfront bars. It is also the birthplace of a well-known son Pablo Picasso, recognized for his art and sculpture.
Nevertheless, Malaga is not only filled with its history but also highlights its flavored and cultured cuisines that you will find at restaurants and bars. Not forgetting, for that art enthusiastic, Malaga’s museums and galleries are to die for!
Ibiza requires no introduction as it is well-known for its European dance music and clubbing scenes over the years. Its located in the Mediterranean Sea off the eastern coast of Spain. Nevertheless, Ibiza’s is also great for families.
Highlights are water activities, jaw-dropping beaches, and a one-of-a-kind experience at the Aquarium Cap Blanc or even a tour to its historic Dalt Vila UNESCO in Ibiza Town, and so much more.
Apart from beach getaways and major city tours, between Barcelona and Costa Brava sits Catalonia’s city Girona. Girona is a striking place, worth a day of visit filled with its fascinating narrow alleys, medieval walls, historical churches and monasteries, and museums.
Among the city, highlights are The River Onyar, Girona Cathedral, Placa Indepencia, and Gustav Eiffel Bridge.
One of the largest and oldest towns on Balearic Island, Palma De Mallorca stuns both locals and tourists with its picturesque scenery, history, and delicious cuisines. It is located on the south coast of Mallorca on the Bay of Palma.
The main attractions are ancient baths from the time of Moors, Banys Arabs, or even the overlooking views of Palma, Castell de Bellver Castle, and not forgetting Pueblo Espanol, a Spanish village featuring Spanish architecture. Nevertheless, the city has its unique appeal from its art to its famous tree line with shops, cafes, and entertainment.
Are you thinking of expanding your vacation rental portfolio? First, understand Spain’s Airbnb market and what city will give more return of investment. Consider the pros and cons of investing in an Airbnb property.
Yearly, Airbnb markets are growing, and with that said, look for popular cities in Spain that do not regulate vacation rentals. Lastly, request a free demo from Hostaway on how they can help you manage your property efficiently.