Buying a property in Spain is an investment that grows in value each year and an opportunity to make money by renting it out. If you purchase property in a resort area such as the Costa Blanca, you can earn up to 10% per annum of the cost of housing by renting it out during the seasonal peak of the vacations.
To find clients for short-term rent on the Costa Blanca, contact a real estate agency Lenovaz. We do our search, check-in, and check-out of tenants and manage the property turnkey. You do not need to be in Spain at this time. Your property will work for you without your presence.
You can do periodic or fixed-term tenancy of your property in Costa Blanca. Earnings on the rental of housing for the long term are less profitable but more stable. And in this case, the contract with our real estate agent ensures your home will not stand idle. You will be steadily receiving income while at home.
If you have a property in Costa Blanca that you would like to rent out, please contact us for help. You can leave a request or contact us in any convenient way: online chat, messengers, or phone call.
Taxes on Earning from Renting Real Estate in Spain
Even if you are not a tax resident in Spain, you must pay personal income tax if you receive income in Spain. If you are not a citizen of the European Union, the personal income tax on rental income will be 24% of the amount earned. However, you can become a tax resident in this country if you stay more than 183 days during the year (this does not apply to those who have obtained a Golden Visa in Spain).
You must file a quarterly income tax return to report your income to the tax office. How to file this document will advise our lawyer and help prepare documents and pay taxes. We can also help you optimize the amount you must pay as income tax.
Our company is engaged in renting your property on a turnkey basis. We handle cash receipts and transfers, accounts, and paperwork. We also provide a concierge service for our clients after they have purchased a home through our agency. For this, we conclude a bilateral contract with you and spell out the duties and responsibilities of the parties.
If you still have questions, ask us. We know all about life in Costa Blanca.
Maintenance of Your Property in Spain During the Rental Time