14th August 2019
Benidorm Property Is A Goldmine
11 million tourists visit Benidorm each year!
Benidorm is one of the most iconic tourist destinations for U.K residents with over 11 million tourists jumping on a plane to reach the sunny shores of Benidorm , making it one of Spain's top holiday resorts.
With that many tourists visiting each year, hotels are typically going to be busy, so many people rely on renting out private apartments/penthouses for their holiday, with some people wanting to stay there for months at a time.
Benidorm is highly popular for many reasons among tourists and those who spent various months in the city every year. Its prime location in the Costa Blanca guarantees beautiful weather in the summer months, there is an abundance of activities and entertainment to keep everyone smiling. With the water parks Aquanatura and Aqualandia, the zoos Terranatura and Mundomar, the Terramítica theme park, 3 beautiful 18-hole golf courses with affordable green fees and 2 small greens and a pitch and putt, boat trips to nearby coastal towns and islands, private charter yachts, scuba diving and many other outdoor activities year round available, meaning visitors of all kinds have a blast whilst in Benidorm .
But, of course, you can’t hide the fact that Benidorm is largely popular down to its nightlife antics. From tribute bands of Queen, Rod Stewart, Adele through to live bands, to comedy shows and even the famous Sticky Vicky (maybe not a family experience). If there is one place you’re guaranteed to not get bored in the night, it’s Benidorm . The energy just exudes out of every bar and nightclub meaning you can let your hair down and have a fun time.
Properties Available to Buy in Benidorm
We have properties available for as little as €127,000 to buy in Benidorm . We cater to all budget sizes so whether you’re wanting to invest in a smaller 1-2 bedroom apartment which is perfect for couples or the larger 3-4 bedroom apartments/penthouses and detached villas with private pool , or t ownhouses and semi-detached homes with communal pools , that are well suited to the families & groups of friends & lets face it, Benidorm is a sociable holiday that you tend to go in groups, so the larger properties could be extremely popular & keep a steady, consistent income on a monthly basis.
Even if you don’t want to rent the property out and live there yourself the option is always there & due to its prime location it’s always going to be a profitable endeavor should you choose to sell and move on. We have new build penthouses available to buy in Benidorm that feature stunning modern architecture & interior designs. They come equipped with spacious rooms, communal pools and gardens and are located minutes from the beach. Our wide range of two-bedroom apartments is perfect for couples who are looking for excellent value for money. Or if you want to use Benidorm as a place for your family to move we have a great choice of luxury villas that are equipped with 3-4 bedrooms, private pools , and a spacious living area. You can even make the most of the large solarium where you can enjoy the sun, a drink and the views of the Mediterranean sea every night.
Make a smart investment with property in Benidorm
With many different areas in Benidorm to buy a property within, the rent possibilities are endless. Based on research carried out in April 2019, the average monthly rent for properties that are 85 m2 (900 Sqft ) & located in a nicer area is €681 a month. Even the smaller properties in the nice areas are still highly profitable with 45m2 (480Sqft), despite being almost 50% smaller. The average monthly rent cost drops by only 12% coming in at €602.
If you add nice furniture and a stable internet connection via Wifi, monhly rents can be as much as 850,- euros and more for a brand new 2 bedroom apartment of 85m2 with private garden or rooftop terrace. Smaller units that are nicely furnished can yield as much as 780,- euros per month.
There are two routes to go down when renting out property in places like Benidorm , you can rent them out on a long-term basis for 12 months and above and grant yourself security and consistency with the income. Or you can charge a higher price for your rent and place them for short-term rent on websites such as Airbnb where there is less security but profits can be dramatically higher.
Thanks to the internets ever-expanding resources it's easier than ever to reach customers with rental possibilities on platforms such as Airbnb , where 1300 people on an average search for ‘ Airbnb Benidorm ’ a month! That is a large number of potential customers who are seeking for an apartment to rent, as opposed to buying a property in a less popular location where the search volumes are dramatically less.
Benidorm has this aura that brings people back year after year, so the chances are if someone has stayed in your apartment for their holiday and enjoyed themselves, they are highly likely to come back the next year & have repeat customers. Not quite sold on Benidorm ? We have a huge range of properties available to buy in Spain. Make sure to use our search filter to help you find your dream home easily.
Curious? Contact our team in Altea on the Costa Blanca and we will inform you about the possibilities.
We look forward to welcome you soon in sunny Spain!
Tom Bruijnzeel & the friendly team at nardia real estate agency
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