There are three basic types of rental: short term or vacational rental, midterm or season rental and long term rental.
Mid term vs Long term rental
For a short term rental a special licence is required. Barcelona city authorities have stopped emitting new licences as they consider that there are too many touristic apartments in Barcelona. Thus if your apartment has no such a licence it will be impossible to get it nowadays. In this case your options are mid- or long term rental. Each of them has its peculiarities. We have described this two types of renting in the table below:
|
Midterm rental | Long term rental |
Description |
Duration: 32 days – 11 months |
Duration: 12 months with a possibility of prolongation |
Advantages |
• Higher rent compared to the long-term rental |
• Stable rent during a long term period, lower profitability is compensated by no downtime and no need to buy furniture |
Disadvantages |
• Due to a high turnover of tenants, there is a possibility of downtime of the apartment |
• Profitability is slightly lower than in midterm rentals |
Many are aware of the problem of self-settlers in Spain. To reduce the risks, we require a number of documents from the tenant before signing the contract in order to confirm his solvency and financial stability: employment contract, payroll, bank statements, sometimes guarantors + security deposit corresponding to a 2 months rental at least.
We estimate the price of your apartment, prepare it for the handover and find a decent tenant.
Barcelona´s real estate market is growing at the moment; the demand is increasing but supply is limited it is the best moment to rent your apartment out.
Do not hesitate to contact us if you are interested on finding a tenant for your apartment.