Best rental opportunity - Moraira, Denia or Orba?

Posted: Wed Dec 9, 2020 9:17am

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Posts: 7

Location: Denia

Joined: 28 Sep 2020

Hi

My partner and I are looking to buy a property in one of the above places. We plan to use it as a holiday home for family and friends with a view to moving their permanently when we retire. We would like to offer it for holiday rentals (subject to getting a tourist license) and we’re wondering which of these areas would rent out most easily please? We are looking at 3 bed, 2 bath properties with a shared pool though we have seen one or two in Orba that have private pools for our budget

Thanks very much in anticipation,

Cathy

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Posted: Thu Dec 10, 2020 9:53am

Davebev1

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Posts: 1574

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Location: Playa Flamenca

Joined: 7 Nov 2017

Posted: Thu Dec 10, 2020 9:53am

You need to decide if you are buying your future home or buying an investment property as the two will have different priorities and only some of those will overlap.

If it is primarily for your own use and a future home then your own preferences will take president. If you are only looking at renting it out occasionally you will struggle to make it financially worthwhile - tax, advertising, insurance, wear and tear, keyholding and cleaning, repairs, time spent on paperwork and administration, and increased maintenance costs mean you need to do a considerable number of weeks of lets over the summer to make it worthwhile.

If the rental is vital to your funding of the property then check with the local Town Halls to find out if there are any areas/roads/ communities that are listed as not able to be issued with the Compatibility Certificate required before you apply for the license if you cannot get that certificate then you cannot apply for a Tourist License. If you are able to find a property that is already licensed then you can transfer that into your name straight away - but chances of finding one that suits your preferences are pretty slim.

People rent holiday properties in different areas for different reasons; some with want the busy-ness of Denia, some the smaller town feel of Moraira and some are not bothered about the beach and would prefer to be a short drive inland and away from the hustle and bustle. You would market the property according to what it offers.

Posted: Thu Dec 10, 2020 9:59am

cathy23

Original Poster

Posts: 7

Location: Denia

Joined: 28 Sep 2020

Posted: Thu Dec 10, 2020 9:59am

Davebev1 wrote on Thu Dec 10, 2020 9:53am:
You need to decide if you are buying your future home or buying an investment property as the two will have different priorities and only some of those will overlap.
If it is primarily for your own use and a future home then your own preferences will take president. If you are only looking at renting it out occasionally you will struggle to make it financially worthwhile - tax, advertising, insurance, wear and tear, keyholding and cleaning, repairs, tim...

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...e spent on paperwork and administration, and increased maintenance costs mean you need to do a considerable number of weeks of lets over the summer to make it worthwhile.
If the rental is vital to your funding of the property then check with the local Town Halls to find out if there are any areas/roads/ communities that are listed as not able to be issued with the Compatibility Certificate required before you apply for the license if you cannot get that certificate then you cannot apply for a Tourist License. If you are able to find a property that is already licensed then you can transfer that into your name straight away - but chances of finding one that suits your preferences are pretty slim.
People rent holiday properties in different areas for different reasons; some with want the busy-ness of Denia, some the smaller town feel of Moraira and some are not bothered about the beach and would prefer to be a short drive inland and away from the hustle and bustle. You would market the property according to what it offers.

Thank you that’s really helpful