Rental business in Barcelona

Is it profitable to invest in apartments with touristic licence?

According to Spanish law, the owner cannot rent out his apartment for a short term without having a tourist license H.U.T. (Habitatge d'Us Turistic).
In Barcelona, ​​this type of license was suspended in 2015.
Tourist apartments are the main competitors of hotels today. Apartments are presented in different categories: from economy class to deluxe.
Investments in apartments with a tourist license is profitable and stable.
Profitability, as a rule, is 5-9% per year.
Barcelona is not only one of the capitals of international tourism, but also an important center for investment, where international exhibitions and congresses are held annually, during which prices per night in hotels and tourist apartments rise two to three times.
The sale price of apartments with a tourist license is about 100,000 euros higher than similar apartments without a license.
The offer for sale of these apartments is limited.
If you bought an apartment with a tourist license, you can manage it yourself or contact specialized management agencies. Management companies usually offer 5 to 6 percent profitability, and in the case of self-management, it can reach 9-10% per year. But in the end, you need to be in Barcelona, ​​have a lot of free time, experience, a high level of skills and desire.