Cronista Viravens

We are delighted to present another mid-term rental property in Alicante, very close to our latest opportunity Elda, where we know there´s a large demand for this kind of property.

Mid-term properties have benefits like regular incomes or lower management fees that will complement our investment portfolio reducing our risks while maximizing our profits.

We must highlight that although there are many properties for sale, it is hard to find the right one when looking for an investment opportunity. This is because, in the end, margins are tight, markets move fast and our quality standards very high.

For this opportunity, we chose Alicante, in Carolinas Bajas, where we know there is a large demand from “colivers” due to its good location.

Regarding the property, besides its good location and distribution, we must highlight its acquisition price as one of its main characteristics, as we are buying this property at 682.43 €/m2 (30.44% below its market price).

Buying the property this cheap will let us establish a selling price below the €100K barrier, which will let us sell the property quite fast, once we have enough historical data regarding its profitability.

It is important to highlight that we have a list of people interested in renting our properties since we are already running other opportunities as mid-term rentals getting excellent results.