ToponimoReal Estate

Investment advisory

An acquisition is modelled before it is made: occupancy against real booking data rather than an agent's projection, holding costs including the comunidad charge, IBI and non-resident income tax, and the realistic exit window for that island. The letting assumption gets tested first, because a Canary rental licence is a regional permission and the municipality can be closed to new ones.

What this covers

  • Rental yield modelled on comparable occupancy, not asking rates
  • Holding costs: IBI, comunidad, insurance, management, IRNR
  • Whether the property can hold a vivienda vacacional licence at all
  • A written summary you keep, whether or not you proceed