Realistic income from holiday lets in Mojacar

Live onthe income?

I would say no,subsidise your living then maybe

Licences? sorry I do not know but maybe Darion will be along to tell you

short term/long term?

a mix of both,BUT, instead of long term maybe look at monthly/bi monthly etc for people coming over to look at the area with thoughts on buying

Let's call a spade a spade here. After all your costs and expenses you probably will end up just ahead in any one year on each apaartment and that is only if you have no mortgage on the rental properties.

. . . and that's only if all goes OK with your tenants. If one of your tenants refuses to leave and still does not pay then you're into "It'll cost me" territory. you don't need the nightmare stories.

Oh that doesn't sound promising at all. I read somewhere that a yearly yield of around 10% is achievable on investment into holiday lets in Mojacar area. So in my calculations I was hoping to get around 10-12k a year from each property renting all year round after all the expenses and taxes paid. So in your opinion that's a completely unrealistic figure for 2 bed apartment in Mojacar? Many thanks

Serge,, When you see CJ Hart and me in agreement on anything you can guarantee it's the truth. There is so little income from letting apartments I can see a day when holiday home owners won't let their property as the hassle involved can make it not worth it. 

I bet you are thinking of handing the two rental properties over to an estate agent and leave them deal with the hassle and all you've got to do is rake in the profit. But, us people who have been letting their property for years know there are pitfalls most of which you cannot imagine when you are outside the tent and looking in. Give your property to an estate agent and start calculating your annual loss in advance.

You can treat letting as a hobby, but be aware the gloss soon darkens. 

Here's my opinion and I have rented out 2 apartments in mojacar and Vera for the last 4 years.

You will make a profit on your investment if you manage them through a RENTAL agent rather than an estate agent. We go for short term holidays lets in the holiday season through the agent and longer term snowbird let's in the off season which we handle without the agent. Off season longer term rentals will yield a monthly rental equivalent to a weekly summer short term rental.

The agency will charge approximately 15% commision plus IVA.

You will need to build into this the weekly/monthly  changeovers unless like us you do them yourselves plus all the utility costs and insurance costs.

Hope this helps 

Here are some links to information you may find useful:

https://www.vipalmeria.com/rental-packages.html

https://www.idealista.com/en/news/property-for-rent-in-spain/2022/06/07/67027-how-to-rent-out-a-property-in-spain

You mentioned getting a tourism licence for holiday lets in Mojacar. You would need to have first habitation licence to do this. 

If the rental properties you are looking at buying can provide a paper copy of this or has already obtained a tourism licence then you have no issues. If they do not have this Mojacar Ayuntamiento do  not issue copies of First Habitation licences (as the records of these for Mojacar were destroyed in a fire some time ago). You would then need to go through a lawyer to obtain this, which will take a bit more time and money.

If you are only looking to rent to properties out on a long term basis then the First Habitation and tourism licence are not needed.

I woud make it clear to the property agent that you are using to buy rental properties what kind of rentals you are intending to use the property for and ask the specific question - Does the property have a paper copy of the First Habitation licence /  Already have a tourism licence or not?

Good luck!

I'm a landlord in the UK. Been doing it for 20 years. After buying a property in Arboleas as a holiday home, I though I'd look at buying a couple of holiday lets in Mojacar.

Few good things going for it, but the negatives outweighed them.

So gave up on the idea.

Can it be done? Yes. Can you live of the income,? IF you are prepared to live frugally, ( and I really do mean frugally) to handle the lettings management yourself, to do your own change overs (cleans, repairs and replacement of lost or damaged items), face the prospect of getting out tenants who can't/won't pay and won't leave and when you get them out  of having a property which can need major investment to undo thd damage caused by thd tenants you've managed to remove and  after dealing with all that you are willing to hand over a depressingly large chunk of your earned income to the Hacienda..... then maybe its possible.  Be prepared for the hassle and, unless you have a further source of income to get you through the lean times ( of which there are plenty) also be prepared to work up to (as in my case) 3 other jobs in order to bring in enough money to pay your autónomo,  bills and general living expenses then yes, it's doable.  

Let's have a look at the title of this subject again. Let's take the year 2022 which has just emerged from 2.5 years of Covid during which every holiday home owner took the blows to the chin and had no other choice. Utility Charges have risen, Bank Charges climb faster than Ryanair, Cheap Flights are now a memory, Maintenance, Cleaning,, General Cost of Living costs haven't levelled out yet. You still have the concern that somebody will break the lock and get free accommodation and utilities at your cost. Holidaymakers can scream that they weren't the cause of Covid (and they are right) and want summer and long term rentals at the 2019 price. You want to accommodate to your clients for their loyalty and so it will be 2023 before your property will earn some income. 

Like Susi said if you are frugal you can earn something from your holiday home by doing changeovers etc yourself, but you won't be paying yourself for the labour, maintenance etc. 

I'll translate this from English to English:- You ain't makin' worthwhile money.

Herr Crank disagrees with most of us and no problem there as he is entitled to disagree. He may not be right, but I don't begrudge his disagreement. 

I know people in Mojacar who'd rent out a shed to a pauper for as much as they could get and have no issue with morals. I know others who have moral responsibilities and just want to be fair (I'm one). Fortunately, the latter are in the majority. 

But, if anybody thinks a decent living can be made after all expenses (especially mortgage repayments) after renting out an apartment I won't be taking tips from them in next year's Cheltenham Festival.

The obligations on renting out holiday homes are not going to get any easier going forward. If anything they will become tighter. Take Ireland (where rental charges are near EU highest) and the main problem now is that landlords are exiting the business as legal and penal obligations have shifted towards them and one tenant can hold them to ransom at no cost and still get government support. Again let me translate this from English to English:- In many circumstances landlords in Ireland are paying their tenants to leave the property (I kid you not). Try and come to terms with that translation.