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By choosing our innovative solution of rental management and conciergerie on the Costa Brava, you are choosing serenity.
We take care of everything and assume all the risks and responsibilities. All you have to do is to colect your revenue and enjoy your property whenever you wish.
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This estimate is based on the knowledge of our local experts as well as on the actual profitability of our properties under management.
A level of sales much higher than that experienced before the health crisis. Renewed interest from both Spanish and foreign buyers in this area. A particular enthusiasm for prestigious properties in the Empordà, seaside and landside: the luxury real estate market is doing wonderfully on the Costa Brava along the mediterranean sea!
The primary buyers of prestigious properties in the province of Girona are now French people living in Barcelona. In search of a second home to spend the holidays or work from there remotely, they set their sights on the Costa Brava and its charming villages like Begur, Palafrugell and Peratallada, located less than two hours from the Catalan capital. A criterion that has become essential since the health crisis because, unlike the Balearics, the Costa Brava is easy to reach even with new covid restrictions.
The demand for luxury goods has thus increased by 20% compared to 2019, a pre-pandemic period. It concerns equally the 300 sqm + villa with a swimming pool and a sea view, and the charming farmhouse located in a picturesque village of Baix Empordà in Spain. The views and the setting alone cause sale prices to soar, with buyers increasingly sensitive to their property's immediate surroundings.
However, high-end real estate prices remain generally reasonable: like for like, those on the Costa Brava are on average 30% lower than those in France. A boon for investors, who come to this real estate Eldorado from places like Germany, Belgium and Holland. Currently, 1 in 3 sales on the Costa Brava goes to a foreign buyer, representing 1 in 2 sales in Escala, Roses, Lloret de Mar or Empuriabrava area.
The first figures for 2021 reflect this trend well as we are heading towards a record year for residential real estate transactions in Spain: from January to June 2021, Spain recorded several transactions never reached since 2008, which suggests an imminent surge in prices.
For now, count around € 2,250 / m2 in size for a house on the Costa Brava. The average price applied to the luxury real estate market for prestigious properties ranges from € 1,800 / m2 (example of a villa of 6,900 m2 size in the province of Girona. They are for sale at 12 million euros or a 1264 m2 mansion put up for sale 2.3 million euros) at 3,750 € / m2 (the price of a 932 m2 villa currently for sale in Platja d'Aro for 3.49 million euros). Of course, these average prices vary from city to city. After Formentera, Cadaques is, for example, the second most expensive coastal town in Spain with an average price per m2 of € 6,145.
Average price per sqm of an apartment: 1,800€
Average price of a 80sqm apartment in the area: 144,000€
Average price per sqm of a villa: 2,250€
Average price of a 150m2 chalet on the beach: 1,012,500€
Guests can rent out properties on the Costa Brava in all seasons due to a mild and mainly sunny climate, and a love for outdoors and views that never stops. They typically attract a foreign clientele. They do not skimp on the means to afford a few days in a villa by the sea and know how to demand the level of services offered.
With an attractive purchase price, tenancy prospects in all seasons thanks to more than 300 days of sunshine per year, and a predominantly foreign clientele, investors can expect excellent rental profitability for their house on the Costa Brava.
The demand concerns a wide array of options: from the luxury coastal apartment or the modern villa overlooking the beach to the old building in a village whose character is still reminiscent of medieval times. But a property's high standing alone is not sufficient to meet the expectations of a clientele accustomed to high-end services. However, the luxury house rental market is only in its infancy in Costa Brava, while it is mature in Ibiza or Mallorca. Homeowners are struggling to find real estate professionals capable of providing the premium service customers expect.
Aware of the emergence of this demand, Emerald Stay has chosen to offer its short term and seasonal rental management and private concierge services to owners of second homes on the Costa Brava. After being present for years in the most beautiful resorts of the French Alps (Courchevel, Meribel, Megeve, Chamonix...)We work exclusively to meet customers' expectations accustomed to a high level of standing. By entrusting us with the tenancy management of your property, you benefit from a global solution that allows you to improve the profitability of your rental investment while providing the services expected by your customers. And all this without having to deal with any burdens, since we take care of everything!
Sources:
Real estate Spain: renewed interest in prestigious properties on the Costa Brava and the hinterland, article from August 13, 2021, MySweetimmo.com
Evolution of the real estate market in 2020 for the purchase or sale of houses (on the Costa Brava), residencial-masnou.com
Where do foreigners look for property on the Spanish coast? August 5, 2020 article, idealista.com
Catalonia: the timid return of tourists this summer, article from September 29, 2021, Lindependant.fr
Real estate News in September 2021: The return of foreign buyers !, September 2021 editorial, Buyenespagne.fr
Real estate: the French of Barcelona flock to the Costa Brava, article from September 7, 2021, Equinoxmagazine.
Value of properties under management in all our destinations
What a pleasure to come to our villa for holidays and have everything taken care of. And our rental income is higher than ever before. After 7 years searching for a property manager, we have found the one for us. Thank you Emerald Stay for your immeasurable support and impeccable attitude.
I chose to work with Emerald Stay because of their commitment to the guest experience. Even though I don’t have to get involved in any part of the process, I rest assured that the guests will have a flawless stay at my property. The constant positive reviews speak by themselves!
I knew I could trust Emerald Stay from the beginning thanks to the great experience they have managing chalets in Spain and France. The reviews they receive in all of their properties across different destinations speak for themselves. And as an owner, I couldn’t be happier seeing my property being so well taken care of.
Emerald Stay has been a game-changer for my rental in the French Alps. Since partnering with them, my occupancy rates have skyrocketed, and my revenues have increased significantly. Their marketing and distribution channels are top-notch, and they know how to attract the right guests to my chalet. I'm beyond happy with the results, and I'm looking forward to continuing to work with Emerald Stay for years to come.
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