One of the consequences of the pandemic is the increase in demand for rentals on the Costa Blanca from non-residents from all over Europe and Russia. There has been a particular increase in demand for 12 month rentals of apartments and villas. Most of those interested in renting are people with 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 highest rates of return on residential rentals on the Costa Blanca, according to data from the main real estate portals in Spain. These rates of return are obtained by comparing the selling price per square metre on the Costa Blanca with the price that owners are asking to rent the same area. This is one more of the consequences of the rise in rental prices, which has been occurring in recent months, and which 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 rentals. If you are considering buying a property on the Costa Blanca as an investment and then renting it out, or if you own one or more properties on the Costa Blanca and wish to rent them and obtain a secure profitability, do not hesitate to contact us.