Investing in a tourist residence in Spain:
6-9% yield with secure frame
Real Estate Investment · Spanish Mediterranean
Tourist Residences
Our exclusive selection
From Dénia to Almería, we select exclusively tourist residences with a clear legal framework and a single manager.
6-9 %
Estimated return
300+
Sunny days / year
85M
Tourists in Spain /year
1
Single Manager
Why is the classic tourist license becoming uncertain in Spain?
For several years, many Spanish municipalities — Barcelona, Palma, Alicante, Torrevieja, Madrid in the lead — have considerably tightened their conditions for obtaining individual tourist licenses. Saturated areas see new applications frozen or denied, and regulations change by municipality, creating real uncertainty for investors.
In addition to this municipal pressure, there is now a constraint of private law: since the reform of the Law on Horizontal Ownership, any short-term tourist rental — defined as a rental of a maximum of 10 consecutive days (9 nights) — in a condominium building requires the agreement of two-thirds of the owners of the community. A vote that can take place at any time — including after your acquisition — and block or cancel a rental activity that is legally authorized by the town hall. This additional uncertainty makes the individual license model structurally fragile for an investor wishing to secure his return over the long term.
Since July 2025, the Single Rental Registry (NRU) has become mandatory for all rentals on platforms such as Airbnb or Booking.com. This administrative obligation is in addition to the local constraints already in place, making the management of an individual license increasingly complex and time-consuming.
What is a tourist residence in Spain?
A tourist residence is a real estate complex designed from the outset for tourist accommodation, professionally operated by a single manager. Unlike an individually rented apartment, the operating permit is integrated into the project as soon as it is built, which provides much greater legal certainty.
In concrete terms, you are buying an apartment or a suite in a residence with shared facilities (swimming pool, concierge service, common areas), managed by a professional operator who takes care of all marketing, maintenance and customer relations. You receive your share of rental income without any direct management to be carried out.
This model has several fundamental advantages:
The operating permit is included in the project, without any administrative procedure on your part. Management is fully delegated to a single professional, eliminating the constraints of finding tenants, inventories or rotations. The pooling of services (maintenance, cleaning, reservations, reception) makes it possible to optimize costs and increase the occupancy rate. Finally, the contractual framework governing the return on investment offers you visibility on your return on investment from the moment of acquisition.
Tourist residence vs rental with license: comparison for investors
To choose the model that best suits your profile, here is a factual comparison of the two approaches:
Why invest between Dénia and Almería?
The Spanish Mediterranean coast, from Dénia in the north of the Costa Blanca to Almería in Andalusia, concentrates an exceptional combination of factors favourable to tourist rental investment. Tourism is annual, driven both by European customers (British, French, German, Scandinavian, Eastern European countries) and by a notable growth in North American and Middle Eastern visitors.
Property prices remain significantly more affordable than in France or Italy for equivalent properties, with a strong upward valuation dynamic. Rental demand is sustained all year round thanks to more than 300 days of sunshine, quality infrastructure and direct air access from the majority of major European cities.
Dénia · Jávea
Costa Blanca North. Premium clientele, cultural and natural tourism, strong European demand.
Benidorm · Alicante
Major tourist hub, high occupancy rate, year-round rental demand.
Torrevieja · Orihuela Costa
Costa Blanca South. Attractive prices, high profitability potential, international clientele.
Águilas · Almería
Emerging Mediterranean Andalusia. Less saturated market, excellent value for money.
Profitable second home: the double advantage
One of the major advantages of the tourist residence is that it allows you to combine pleasure and return. According to the rules of the residence, you can book periods of personal occupation — for your holidays or those of your loved ones — while entrusting the property to the manager the rest of the time.
Enjoy your apartment on the Spanish coast during the periods you choose, in a hotel and maintained setting.
During periods of vacancy, the manager rents out the property and you pay your share of the income. No management on your side.
Spanish real estate in prime tourist areas is growing steadily, offering a potential capital gain on resale in addition to rental income.
Cleaning, reception, maintenance, tax returns related to the operation: everything is taken care of by the professional manager.
Investing in Spain as a non-resident (EU and non-EU)
Tourist residences are particularly suitable for non-resident investors, whether they are domiciled in the European Union (France, Belgium, Switzerland, etc.) or outside the EU (Turkey, United States, Canada). The turnkey model avoids the constraints of remote management that often complicate traditional rental investment.
In terms of taxation, non-residents are subject to IRNR (Impuesto sobre la Renta de No Residentes), the Spanish tax on income from Spanish sources. Its rate is 19% for tax residents of the European Union and 24% for non-EU nationals, unless there is a more favourable bilateral tax treaty (France, Canada and the United States have treaties with Spain).
To invest, you will need a NIE (Número de Identidad de Extranjero), equivalent to the Spanish tax number, as well as a bank account in Spain. These procedures are simple and can be carried out remotely with a power of attorney.
MCB Costa Blanca International Group · Mediterranean Investment Expert
"At MCB Costa Blanca International Group Real Estate, we exclusively select tourist residences with a clear legal framework and a single manager, in order to offer our clients a secure and efficient investment between Dénia and Almería."
Frequently asked questions about tourist residences
In a tourist residence, the operating permit is integrated into the real estate project from the design stage. The operation is managed by a single professional for all the apartments. Accommodation with a classic tourist licence requires an individual authorisation process, the obtaining and maintenance of which depends on municipal regulations – which may change unfavourably.
No. The estimated return of between 6 and 9% corresponds to a range observed depending on the project, its location and the operator. It is contractually regulated according to the terms defined in each programme, but remains linked to actual rental performance. We provide you with detailed projections for each opportunity.
In the majority of tourist residences, a personal use clause is provided. The conditions vary according to the rules of each program (number of weeks, periods available). We provide you with this information for each project before making any purchase decision.
The steps are: selection of the project with our team, obtaining the NIE (in consulate or remotely with power of attorney), opening a Spanish bank account, signing the reservation contract and then notarial deed. This whole process can be arranged remotely. MCB Costa Blanca International Group coordinates all the parties involved (notary, lawyer, bank, manager).
As a non-resident, your Spanish rental income is subject to IRNR: 19% for EU/EEA tax residents, 24% for others, subject to bilateral tax treaties. Some countries (France, Canada, United States) benefit from double taxation treaties. We put you in touch with a Spanish tax specialist for non-residents.
Yes. We have a selected portfolio of tourist residences between Dénia and Almería, at different stages of marketing. Some opportunities in the early stages offer advantageous underwriting conditions. Contact us to receive the available project sheets.
Be supported to invest in a tourist residence in Spain
Our experts will present the selected projects, accompany you in all your steps and answer all your questions – from Spain, France, Turkey, Canada or the United States.
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Returns shown are non-guaranteed estimates. Investing involves risk. Consult an advisor before making any investment decision.