23 | 03 | 2021
One of the consequences of the pandemic is the increase in demand for rentals on the Costa Blanca by non-resident nationals from all over Europe and Russia. There has been a particular increase in the demand for 12 month rentals of apartments and villas. Those interested in renting are mostly people of medium-high and high purchasing power who, after the confinements and restrictions in their countries of origin, wish to spend long periods of time on the Costa Blanca enjoying the benefits of the climate and the Mediterranean lifestyle in a second home; resorting to renting rather than buying. The COVID-19 year ended with the achievement of the highest rates of return on residential rentals on the Costa Blanca, according to data from the main real estate portals in Spain. These profitability rates are obtained by comparing the selling price per square meter on the Costa Blanca with the price asked by owners for renting the same area. This is one more derivative of the consequences of the rise in rental prices, which has been happening in recent months, and will continue in the coming months. This shows that housing on the Costa Blanca continues to be a profitable asset for investment and profit through residential rental. If you are considering buying a property on the Costa Blanca as an investment to later rent it, or if you own one or more properties on the Costa Blanca and want to rent it and get a guaranteed profitability, do not hesitate to contact us.
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