International tourism in Spain broke its record for the fifth year in a row with a record 82 million tourist visiting the country last year. The combination of visitor numbers and expats means that there is a huge choice in rental properties for the foreigner wanting to spend time in the country. If you’re dreaming of buying a Spanish property to rent out there are important factors to consider to maximise your earning potential. Letting out a home, either for a few weeks or for a long term let, can recoup the running costs involved and give you the extra cash you need so here's some thoughts to help you along the way.

Modern Vs Traditional

While owning an authentic villa in the olive groves is a Spanish dream come true for some, the reality can equalise to a great deal of hard work if it hasn’t been renovated already. Consider how much you would need to spend in order to update it such as doing the necessary checks for a renovation project it, and how that compares to its market value. Alternatively, choosing a property that is accessible for everyone is likely to broaden the possibilities of future rentals, particularly in Spain where the percentage of retired people is quite high. Check out smart technology, door widths and other home adaptations to get the most from your property.

Choose location

While there are many factors to consider when buying a rental property in Spain, choosing the location should be one of your main considerations. Whether you’re down on the Costa del Sol or in the Ramblas in Barcelona, having close proximity to at least one airport with frequent flights is a necessity. You’ll also need to think of nearby attractions and amenities such as beaches, shops, bars and restaurants, and include theme or water parks on your list if you want to appeal to families.

The little extras

With so much competition on the current market, ensuring you have the little extras will increase the possibilities of more frequent rentals for people wanting to live in Spain. Having a swimming pool, for example, is likely to be much easier to rent out rather than a property without them, even it its a shared pool in an apartment. Selling the property’s attributes such as having a local golf course nearby could encourage people to chose your property over someone else's.

Whatever type of rental property you buy in Spain, the best advice is to do indepth research first so you’re aware of all the pros and cons to make an informed decision and maximise the rental possibilities of the property.

Author: Ali Ayres
Picture: David Bartus