Invest in the letting market in Argeles sur mer
13 December 2021
You are considering an investment in the seasonal rental market in Argelès-sur-Mer and looking for an apartment for sale. Fortunately, the ads are not lacking. However, you do not know where to start and how to do it? You need a professional support: real estate reference in Argelès-sur-Mer, the Côte Vermeille estate agency gives you some tips to succeed in this project. Apartment in Argelès-sur-Mer: what criteria? A successful investment is always thought from A to Z upstream. The robot portrait of the ideal apartment must be defined as precisely as possible. If the seasonal rental of an apartment in Argelès-sur-Mer is your goal, choose your property and its location according to certain criteria: For an apartment in Argelès-sur-Mer, prefer small areas (studio to T1) if your budget is modest. Or a house with a lot of character if your budget allows. The number of beds is an important point for both small and large areas. The setting: holidaymakers will undeniably appreciate the proximity of the port or the beach or the calm of the heights. The proximity of amenities: bakery, post office, market located nearby are all advantages that appeal to tenants. Seasonal rental: financing and profitability Renting an apartment in Argelès-sur-Mer can be very profitable. The gross rental yield expressed as a percentage results from the property income / investment and charges x 100 ratio. While the average gross rental income in France is currently around 6%, it varies widely from one municipality to another. and is in the range of 4 to 10%. Namely, the higher the percentage of the gross rental ratio, the higher the profitability. You will note that in a city with strong tourist attractiveness such as Argelès-sur-Mer, the seasonal hiring can offer a profitability superior to the classic hiring. Especially since the pleasant climate of the region makes it easy to rent from May to October in Argelès-sur-Mer. Do you want to finance your purchase with a loan? Borrowing rates are so low today that it may be worthwhile to use credit to keep your capital. Feel free to have your banker simulate several loan hypotheses. The most interesting will be undeniably the one whose monthly payment will be entirely covered by the rent discounted! What about rental management? Seasonal rental requires careful management. Reservations, frequent turnovers and maintenance follow-up at the expense of the owner require time, availability and know-how. Entrusting this management to a real estate professional is essential as the choice of rigor and serenity! Do you have an idea of your future apartment in hand? Contact your Côte Vermeille agent. This expert in the Argelesian transaction and leasing markets will offer you the opportunities that best fit your project. Comprehensive support for a winning rental investment in Argelès-sur-Mer!