Benefits of Buy-to-Let in Ibiza

To be an owner of a property that provides you with an income, by letting it, can be a great way to help you cover the running costs and mortgage payments.

Ibiza is, in this case, a great place to invest, but there is more…. Let’s have a look at the main benefits of owning a rental property in Ibiza:

Key Location

Ibiza can be reached easily, being no more than a couple of hours by plane from most European destinations – which means that when your home is not rented out, you can make the most of it and enjoy some holidays on this beautiful island – win-win!

Broad Appeal

Ibiza is an island that has always been attracting people from all over the world – no matter their age! There is something for people of all walks of life, meaning that from the renter’s prospective, tenants can be of a wide range.

Long Holiday Season

Thanks to the beautiful Mediterranean weather, the holiday season in Ibiza is usually longer than in most destinations – easily extending from the end of March to the end of October. Rental prices can vary during different times of the year, and you can use this to your advantage, offering tailored pricing that suits your own circumstances.

Growing Demand & Prices

As a homeowner you can be assured that there is no shortage of demand for your property, after all, there’s no secret that the popularity of Ibiza as a holiday destination has been growing for some time. The majority of the island’s holidaymakers are mainly interested in short-term or mid-term rentals, which has driven a steady increase in rental demand. With growing rental demand comes growing rental prices.

Bottom line, not only is Ibiza a great place to own a property and rent it, but now is a great time to invest. Rental prices are set to increase steadily over the next few years, and buying an Ibiza property is a safe long-term investment.

Want to know more? Get in contact with our rental experts: Make An Enquiry