Buy-to-Let Investment Opportunities in Sitges, Barcelona

Buy-to-let is a worthwhile investment option for people looking to diversify with savings or stocks and shares.

Utopia Villas has been in the holiday rental market for 10 years and recently we have seen a number of people come to Sitges attracted to the proposition of purchasing a villa which will generate strong possible returns on investment.

Having consulted with several purchasers we have some tips for those looking for the right opportunity and why we can partner with you to avoid some pitfalls.

Buy-to-Let Investment Opportunities in Sitges, Barcelona

Our top 5 tips for the buy to rent investor

  • With the recent crackdown on tourist licenses by local ayuntamientos, it is essential that your house already has a valid tourist license. This is a once off license that will allow you to legally let your house to tourists. All the villas that Utopia Villas represents to potential Investors have valid tourist licenses and are already functioning as holiday rentals.

 

  • Ensure to engage with banks early on to investigate your mortgage options – and be clear on what your residential status will be to get access to the best mortgage products. While mortgages on second properties are considered riskier than on a main residence especially if you are not resident in the country you may need to pay a 30% deposit to secure the mortgage. Utopia Villas has excellent banking relationships and our business model supports the mortgage repayment commitments and so we can assist you with your approach to the bank when the time is right with figures and historic information.

 

  • Investments in Holiday rental properties can yield up to 6% yearly (investment dependent) and can cover the mortgage repayments however it is also important to understand your associated fees and taxes which can amount to up to 13%. Utopia Villas can walk you through these costs and the historic earnings of the villas listed in their sales portfolios giving you a realistic insight into your real earnings and cost commitments.

 

  • Don’t ever EVER buy a villa on a whim! The most successful purchasers we have worked with have come and stayed in Sitges or know Sitges from previous visits. It is so important to know the area and be happy with both the location and characteristics of the villa. Especially if you plan on using the villa yourself. If you purchase through Utopia Villas, you can stay in the villa and try out both the location and facilities. This is the best way to purchase a villa – knowing already what it is like to wake up there.

 

  • If you are considering purchasing a Villa in Sitges, talk to Utopia Villas first. We can connect you to previous purchasers who will talk you through their experience working with us and their experience buying and renting a villa in Sitges. It is a fabulous option for people who want to invest in the area, enjoy the area and enjoy a functioning business model with all the support of a partner who knows the business intimately.

To view properties for sale:https://utopia-villas.com/property-investment-in-sitges/