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When considering to invest in a new home, why not take into account the possibility of buying a tourist-licensed apartment? Barcelona gets one of the highest influx of tourists per year. Why not make the most of your investment in a property?

Let’s start at the very beginning by clarifying the concept. What is considered a tourist-licensed property?

Though the term is not new, it has recently gained additional momentum. Therefore, before explaining the advantages of a timeshare property, it is advisable to clarify the concept.

A tourist-licensed apartment in Barcelona – or any other city in Spain-, is defined as an estate which is offered for rent directly or indirectly to third parties, in return for an agreed amount, for an equal or less than a 31 days period. The main issue is to assure the lawfulness activity, duly legalized by the City Council, and registered in order to be rented to tourists. That is, to hold all the necessary documentation to develop a tourist activity.

Advantages of buying a tourist-licensed aparment

A common question posed by prospective investors is about the advantages of this kind of investment. Are there real benefits? The answer is yes, and we provide duly justified reasons.

1.- Investment.

Barcelona is a cosmopolitan city with great cultural, commercial, financial and tourist influence. Millions of tourists visit Barcelona every year, so buying a tourist-licensed apartment is among the best investments you can make.

2.- Interesting economic benefits.

Having a tourist-licensed apartment in Barcelona is a guarantee of success. With a good management performance, you can obtain an annual return of more than 5% on the initial investment.

You will be able to exploit your tourist apartment throughout the year, and obtain an extra income that will undoubtedly uplift your economic status.

3.- A legal activity in accordance with current regulations.

You will not transgress any regulations, as your apartment will hold all the relevant tourist license documents and the necessary requirements.

4.- Rising market.

If you purchase a tourist-licensed apartment you will be investing in a business with a promising future.

In Barcelona the number of tourists increases year after year. According to the latest City Council official data, in 2016 the city attracted more than 30 million tourists. In addition, an increasing number of people prefer this alternative rental concept to stay during their holidays. The main reasons are as follows; comfort, freedom of movement and autonomy it entails.

5.- Is rented quickly.

To some, having a property with these features involves having to invest some time to meet somebody interested in renting it. Fortunately, nowadays there are many Internet-supported platforms to rent properties. These platforms are useful to place your advertisement in a quick and simple way, and afterward you will only have to wait to receive requests of reservation. If you prefer, there are also specialized in this field management companies to help you.

As you can see, purchasing a tourist license property offers interesting advantages to keep in mind. If you are taking it into consideration, in Hermes & Mathew we can offer a large tourist-licensed apartments for sale portfolio, which will certainly fit your requirements. What are you waiting for?