Short Term Holiday Lets

Short Term Holiday lets in Spain have the potential for high income with well-chosen properties in good locations achieving a better return on your investment than long term letting. The issues you must address in order to maximise income are:

Unlike Long Term Lets, where you only need to actively market your property when a tenant vacates the property – normally once every year or two – Short Term Letting you must continually market your property – remember you will need a new customer for every week (or two) in the year.

As with Long-term letting the most important factor in the level of returns is the Location of the property. However, unlike long-term lets where the property should be in a good commuter location, holiday lets must be in a good holiday location. The best approach is to put yourself in the position of a potential holidaymaker. The most important factor to take into account is year-round occupancy. The ideal location will have features that attract holidaymakers for the entire year – not just the summer.

Beach, walking distance to the beach carries a large premium

Swimming Pool

Local shops and restaurants

Activities for children

Activities for adults

Snow Ski resorts nearby

Within 1 hour taxi ride from the local airport

Golf

Golf courses within a short drive of your property can dramatically increase the occupancy rates. As an example, the low season for golf in the South of Spain is the Summer (too hot to play) and the high season is the Autumn and Spring. This has the effect of prolonging the high season. Areas around Marbella (where there are over 50 golf courses) attract a large number of golfers, many of which are prepared to pay a premium to stay in a nice location with high quality furnishings.