Buy to Let Property in Ibiza: Property Investment in Ibiza

The first decision for anyone hoping to let their property in Ibiza, is whether do to it for longer periods or on a short-term basis. This will for many people be decided by how much they want to use their property themselves.

On the face of it, income for short holiday lets in Ibiza can appear very attractive, but be wary of calculating profit by simply multiplying those high weekly rates by number of weeks in the season. You will have periods when the property is empty, taxes will have to be paid, and running costs are high as the property must be prepared for each new arrival. Do your sums and be realistic about income from letting.

Long-term lets provide a regular source of income, but the weekly rate when compared to a short-term holiday let, will be lower. And, of course, this option is not suitable for people who want to use their property themselves from time to time.

Be clear from the outset on your reason for buying property in Ibiza: if you aren’t relying on extra income to meet your monthly mortgage bill and you only want to let for the odd week here and there, you will probably want to concentrate on finding a property that meets your personal requirements.

However if you are banking on regular income, you will need to buy with your tenants in mind. If you are aiming at tourists, think about access to the main tourist areas, clubs, beaches, leisure facilities, bars and restaurants.

If you want to let on a long-term basis, consider access to places of work: a shack in the mountains will not be attractive for a tenant who works in Ibiza Town and takes their children to school.

Maintenance is a responsibility that comes with any property – a dripping tap is one thing, but a dripping tap hundreds of miles away is more time-consuming and complicated to fix. If you are short on time, consider our lettings service.

Do plenty of research before committing we will be happy to introduce you to other landlords to discuss rental demand and rates in your prefered area

Ibiza Property Sales and Investments

We at Paramount Properties understand that, as part of our commitment to our clients to make the whole process of buying or selling a property in Ibiza as trouble-free as possible, we should be able to provide professional assistance and guidance in respect of all aspects of the home move.

How does it work?

Choosing Paramount Properties to help you sell or let your Ibiza property brings immediate benefit. As one of the leading online London Estate Agents you are guaranteed to have your property presented to an ever expanding pool of prospective buyers.

If you have property that you wish the sell, please contact us. We will respond quickly to set up a convenient time to appraise your property in Ibiza. Once the formalities are complete, you can be sure your property will be given the very highest profile not only on the Internet but also within our property magazine.

We can also, if you wish, help you rent out your property, so you can start earning an income on your investment.