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Altea 6 real estate blog

Posted by Abel on 25/02/2021
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Altea 6 real estate blog

Good morning / afternoon people

As this is the blog that I dedicate to the pure and simple real estate world,

I want to touch on a subject that I consider very interesting for the economic times that will come

especially in this beautiful area of ​​the Costa Blanca.

The vacation rental.

The long-lasting one I don’t recommend for two reasons:

Due to the economic crisis that is upon us,

there are a lot of people in precarious and now putting a tenant is a little dangerous. You are at too much risk of default.

Secondly, my opinion is that due to the confinement of almost a year that the citizens of this world carry in the body,

I believe that as soon as possible they will rush out to other places,

to see sun, sea, good food and good vibes …

And what better place than Altea?

Also this will be an expensive vacation spot.

It has a lot of special, for that reason it attracts very diverse people, and of money.

At this time we agree with other colleagues that the clients we are handling are of high social level, with high budgets.

And willing to buy good and very well located properties, and of course with excellent views.

Due to the buying trend, not only Altea Hills will be an expensive place,

In Pueblo Mascarat and Puerto Campomanes, although the type of property is different (few villas and a lot of apartments), in the last 6 months almost everything that was on offer has been sold,

therefore what remains on the market automatically goes up in price.

The owners are not stupid and they are not in dire need of money, so they can wait for better times …

I particularly believe,

that from April we will have an avalanche of people around here,

needing to breathe other airs, and not that of its gray and stressful cities (especially European),

and they will not only come for a walk …

they will come to buy !!

And if not, look at the data:

Read this article published these days about English buyers.

 “Spain, favorite destination”

“Due to its cost and quality of life, climate and services, Spain is one of the main destinations for this migratory wave. According to the Ministry of the Interior, at the end of 2019 there were just under 366,000 British registered in our country, which represents an increase of 10% compared to the 2018 figures and places them in the third position by nationality of foreigners in Spain. “

“For many of these UK subjects, buying a home has been the option they have chosen to, through Golden Visa, have a permanent foothold in Spain. Something that allows still competitive prices compared to other European countries, together with mortgage rates that range from 1.55% to variable rates of 1.15% below the Euribor. “

“The province of Alicante is the other great classic of the British presence in the Spanish census. Its low prices –although constantly growing–, the increase in sales operations and an unmatched quality of life have made Alicante currently considered one of the key points for future foreign investment. “

And that’s not counting Belgians, Dutch, French, Germans….!

Therefore, the deduction is simple …

If there is a lot of demand and very little supply… ..

PRICES GOING UP!

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And in the Altea 6 real estate blog

it is aimed at INVESTORS:

This is a perfect time to invest money in an apartment for rent in this area.

The following article corroborates what I tell you:

“The year of the pandemic closed with the highest rental profitability rates”

“The owners obtain an average yield of 6.9%, according to the main portals”

“The year of the pandemic closed with the highest rates of return for residential rentals in the historical series, updated quarterly by the main real estate portals in Spain. Putting together the data from the three major Spanish platforms, in December 2020 the average profitability of having a rented home reached 6.9%, a percentage somewhere between 6.3% in Pisos, 6.8% in Fotocasa and 7.6% of Idealista and the largest in the series from 2007. “

Article published in CINCO DIAS

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Returning to the matter that concerns us and with which I started in the

Altea 6 real estate blog

I am going to make you a small study with an apartment that I have for sale EXCLUSIVELY on the seafront in Mascarat:

It is one of the few that are on offer and that has a price of € 295,000

It has two bedrooms and two bathrooms and a garage space included in the price.

The terrace is magnificent and you can see in the photo the views it has

By doing a face wash you can rent a vacation very well,

the Pueblo Mascarat complex where it is located has 3 swimming pools and two glass paddle tennis courts,

In addition to being closed with barriers and by means of stairs you can access the beach and two spectacular coves

and WITHOUT COUNTING THE REVALUATION, that in current conditions anyone dares to predict something,

getting an occupation of only half a year,

you can get between 5 and 6 percent per year on invested capital,

and you can also use it for several weeks for yourself.

Can you ask for something more?

If someone wants to delve a little deeper into this topic, just write to me at info@abelmicheletti.com and I will be happy to give you more details.

I leave you the link to the property on the web in case you want more information:

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Another very interesting business for investors who don’t want to have the money in the bank, is the purchase of old properties, reform them and rent or sell them later.

In Altea the housing stock is quite old, so in the Pueblo Mascarat and Puerto Campomanes area there are already people who are doing it with very encouraging results.

Do not forget that the majority of buyers are not able to see the potential of an old property, and how it would be renovated, so it is very interesting to do it and that it enters through the eyes.

Professionals know that with a reform carried out, the sale price is much better defended, so that not only is the cost of the work recovered but it is normal to earn more money.

In view of the following article, it will be necessary to see what kind of measures our little friends politicians take in the form of aid for the reform or if everything remains in fancy as it often happens:

“The Government will use European funds to rehabilitate half a million homes in three years”

“Given all this, we will have to wait for the mechanisms that the Government will enable, in conjunction with the autonomous communities to implement the aid and incentives necessary to promote the works to improve residential buildings and other properties.”

Article in IDEALISTA

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I hope this blog has been useful and entertaining.

Any questions that surround your head, you can ask me, I know everything!

(Except who is going to win the Spanish league, because in view of how Spanish football is … .., not even my last generation 5G Plasma ball is capable of knowing it !!)

Altea 6 real estate blog

AND THAT IS ALMOST INFALLIBLE !!

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Here I leave you with today’s unsolicited advice:

Altea 6 real estate blog

“Do not expect to have everything to enjoy life, you already have life to enjoy everything”

Have a great weekend

A hug

ABEL MICHELETTI

PS: Next week the bars are open in the Valencian Community, at least on the terraces we can have coffee!

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