Market dynamics: What’s happening with tourist apartments
In recent years, Spain has seen stricter regulations on short-term rentals. Authorities in several cities, including Barcelona and Madrid, are imposing limits on new licenses for tourist properties. As a result, owners of existing apartments can expect higher prices when selling. Demand for these properties remains steady, while supply is gradually shrinking, creating favorable conditions for sellers.
Valuation: What to consider
Several factors influence the price of tourist accommodation. First and foremost are profitability indicators: high occupancy rates, positive guest reviews, and low maintenance costs. The presence of a valid license is also crucial, especially in areas where the number of licenses is limited. Location, property condition, recent renovations, and additional services directly affect the final price. For an accurate assessment, it is recommended to consult real estate professionals who can take all market nuances into account.
Taxation and expenses when selling
The sale of tourist apartments is subject to mandatory tax payments. In the case of resale properties, the seller pays the property transfer tax (Impuesto de Transmisiones Patrimoniales, ITP), the rate of which varies by region. Additionally, a municipal land value increase tax must be paid. The resulting profit is reported in the annual income tax declaration (IRPF), where a rate of 19% to 28% applies. Expenses for agency services, notary, and transaction registration are also taken into account. Typically, total costs amount to 5% to 15% of the sale price.
Practical tips for a successful transaction
To successfully sell a tourist property, it is important to highlight its advantages: stable income, attractive location, and modern amenities. Before the sale, it is recommended to carry out cosmetic repairs and organize all documentation. Clear and transparent information about income and expenses will increase potential buyers’ trust. Set a price that reflects market conditions and prepare arguments to support it. For the most effective process, consider working with an agency specializing in tourist real estate.
Market features in major cities
In Barcelona, Madrid, Valencia, and along the Costa Blanca coast, demand for licensed apartments remains high. These regions are experiencing a particular shortage of new permits, making properties with existing licenses especially attractive to investors. Owners of such apartments can expect a quick sale and favorable terms.
