Javea has become one of the most promising places to invest in when you are thinking of putting up a holiday rental business in Spain. As a new investor, you have to know several factors about the locality and tourism of Javea to get the most out of your investment.
Javea, a coastal town in the Valencian province of Spain, offers more than picturesque beaches and mountain views. The town is situated on the northern end of Costa Blanca and easily accessible to tourists. The beach is not the only reason tourists flock to Javea all year round. The town centre attracts tourists who want to explore the historical part of Javea which dates back to the 14th century. On the eastern end, the port is where the bustling marina and fish market is situated.
Firstly, you have to check the regulations associated with starting a holiday rental business in Javea. A decree has been passed to regulate the rental business in the province of Valencia in Spain. It is compulsory to register your property with the local tourism office, and if you have five or more rental homes and Javea villas, you must register as a tourist company.
Then, you have to check the competition and the prices for letting properties. The summer months will reap the most profits for you as it would be the peak season for tourists. Your rental property will probably earn 75% of its annual rental income during these months. Get a feel for the rental fees to make sure the properties are not too expensive or too cheap. This will balance out your returns for the rest of the year as tourism would dwindle down when it gets colder.
When it comes to acquiring or putting up rental homes or cottages that would be profitable, it is best to keep in mind two things: convenience and comfort. Tourists must be able to enjoy all the basic amenities that can be found in hotels. A swimming pool will make your rental cottage more appealing to would-be tourists. Keep in mind that this is a service business so your guests would probably call on you when they need something to make them comfortable.
More and more tourists are looking for modern and high-tech homes. In the Spanish coast, such design has higher occupancy levels than Mediterranean style homes. It is best to have a rental villa that stands out from the rest with the amenities that ensures comfort for the guests. Aside from elegant architectural design, it is also recommended to choose a location that is close to the top tourist spots in the area.
The income generated from a holiday rental business in Javea will vary depending on several factors. The appeal of the rental villa to customers and how well it is marketed will affect how much you can earn annually. Aside from ensuring your property is rented yearly, it is also best to encourage your guests to return year after year or recommend your property to their friends. That would guarantee a steady stream of income for your business.
So, when you are looking for properties in Javea, Spain for your holiday rental business, these are the things you have to keep in mind. Following this advice would help ascertain the success of your investment.