Housing rental for the short and medium term drives the real estate market
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Loading... - Adam Harris
- 25 Aug 2022
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The purchase of real estate for short and medium-term rentals has become one of the trends that has gained the interest of investors this 2022, mainly due to the constant flow of income that it grants to the buyer, says SOHO Inmobiliaria.
"The 80 m2 apartments in Miraflores obtain a monthly net income of between 1,200 and 1,500 dollars under the variable rental format, that is, through rentals for short periods of time on platforms such as Airbnb," said Jorge Fernández, executive director of SOHO Inmobiliaria .
investment model
This type of investment requires a capital of between 20% and 30% of the total cost of the property.
The goods ready to be delivered must be rented so that the collection of this property covers, in large part or in its entirety, the amount of the fee that must be paid monthly for the purchase of the property.
If the project is still under construction, a modality with great opportunity is to look for real estate for sale with lease contracts (fixed monthly rent) for certain periods of time, which are guaranteed by the real estate agency.
Short and medium term tenant profile
The usual tenants of this type of property are tourists; however, this 2022, there has been a significant demand from executives and digital nomads looking for flexible rentals that allow them to move between cities and even countries. Read More…
