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Siroco Estates FREE E-Books RRP £12.95 Morocco
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We have a selection of 'HOT' Properties for sale in Morocco and Spain which can be great value for holiday lettings or investments.
Apartment in Fez
From 45,169 €
The Sunset 1,2 and 3 bed apartments in Fez are now available. Fez : considered by many as the new....
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Duplex in Asilah
From 130,000 €
3 bed 2 bath duplex apartment of 200m2 totaly reformed, 1st floor fitted kitched, living room,....
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Apartment in Asilah
From 104,065 €
The Atlantis front line apartments are currently under construction and due to be completed late....
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Rentals
Below are the figures produced by us in conjunction with two major Spanish villa rental companies based in the Villamartin golf course & La Florida areas. These prices are intended as a guide to the level of income achievable in the 2003/2004 season from a two bedroom apartment, a three bedroom villa with a communal pool and a larger three bedroom villa with a private pool.
These figures are based on the first years return and include the capital growth of the property. We have based this figure on your property increasing in value in year one, by 10%. We believe this figure to be conservative, as in the past five years many properties have doubled in value, and still remain much cheaper than other parts of Spain.
You should also bear in mind that over a period of years some general maintenance will need to be figured into your profitability.
Properties in the Costa Blanca area are still under half the price of property in the major European towns. With many prospective buyers and holiday makers from the UK, Norway, Denmark, Sweden, Finland and other EEC member states, you can be assured that your property will be in demand in the future.
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Prices as charged by rental company: |
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2 bed apart. |
3 bed villa |
3 bed villa
with pool |
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Low Season
Sept 15 - March 15 |
£200 |
£350 |
£400 |
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Mid Season
March 16 - June 16 |
£275 |
£400 |
£600 |
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High Season
June 17 - Sept 14 |
£350 |
£450 |
£750 |
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Expected occupancy each season: |
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Total weeks booked per year 36 |
Low Season 12 |
Mid Season 10 |
High Season 14 |
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2 bed apart. |
3 bed villa |
3 bed villa
with pool |
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Turnover per season |
£10,050 |
£14,500 |
£21,300 |
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2003 Purchase price inc tax & legals |
£70,000 |
£100,000 |
£150,000 |
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Rental Running Cost Per Year:- |
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2 bed apart. |
3 bed villa |
3 bed villa
with pool |
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Cleaning Costs Per Season (clean
every time let) |
£900 |
£1,260 |
£1,260 |
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Rental Agency Charge (circa 20% per
letting) |
£2,010 |
£2,900 |
£4,260 |
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Laundry |
£360 |
£720 |
£720 |
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Community Charges |
£450 |
£850 |
£950 |
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Water/Elec (approx) |
£200 |
£250 |
£450 |
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Insurance |
£100 |
£200 |
£250 |
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Yearly Costs |
£4,020 |
£6,180 |
£7,890 |
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Profit p.a. less running costs |
£6,030 |
£8,320 |
£13,410 |
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Annual Rental Return on Capital
Investment |
8.61% |
8.32% |
8.94% |
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Yearly Percentage Growth on
Property Value |
10% |
10% |
10% |
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Total Investment on Return p.a. |
18.61% |
18.32% |
18.94% |