It is expected that good rental yields are very likely to be achieved from all these new luxury resort type projects. I have been looking at various sites and reports and it seems that the rental income achieved from peak season months alone (Jun to Sept) based on a 2bed apartment costing around €100,000 is expected to be around €2,000 per month.
With the current statistic of 85% rental occupancy during high season and the number of tourists set to grow faster than the amount of available accommodation, this figure is expected to grow to create even higher demand for property – Hopefully, this will have a knock on affect and increase rental prices, which will be even better for us owners