As one of Spain’s prominent tourist destinations, Murcia enjoys a steady flow of visitors throughout the year – some who prefer to rent villas rather than book traditional hotels. But it isn’t just travelers who are looking for rental properties in Spain; the natives are also giving homeowners another reason to consider life as a landlord.
Let’s take a look at these two different – yet very important – audiences for those who own luxury villas in Spain.
Tourists Booking Rental Properties in Murcia, Spain
Murcia’s year-round warm climate, abundant sunshine, and outdoor lifestyle make it a popular choice for holidays and travel in general. Visitors who are looking for a home-like setting when it comes to accommodations typically look at renting houses or villas instead of hotels. Many of the luxury villas in Murcia are situated on, or very near, golf courses and other attractions. Some even offer hotel-style services, such as cleaning, concierge, spas and restaurants. If you own a villa, then this balance of comfort and service can position it as a great rental option for tourists.
Spaniards May Consider Renting Luxury Villas in Spain
According to a recent report, more than 22 percent of Spaniards are living in rental properties in Spain. This is up from 17 percent just five years ago, representing a shift in mentality when it comes to purchasing real estate. Luxury villa owners in Spain may want to consider renting their homes as a way to generate additional income. In Murcia, some homeowners only live in their villas for part of the year, so renting the property may be a viable option.
Turning luxury villas into rental properties may be advantageous for buyers who want to make the most of their investments. With the increasing number of renters in Spain, and the continued tourism in Murcia, the competition for rental properties is up – and so are the prices. Just be sure you know the current laws on renting your home or villa.
If you don’t own a luxury villa in Murcia, but want to consider it for rental purposes, then please get in touch with our team to discuss your options. We are happy to offer our advice and guidance.