Ever since the pandemic when everyone binge-watched the Property Brothers, house flipping has surged in popularity on Spain’s southern coast, with specialists dealing specifically in properties to renovate and turn a profit from.
It may not be to everyone’s taste, but to the more adventurous, the strategy involves purchasing undervalued properties, renovating them, and selling at a premium. Some might be distressed homes, inherited properties, or auction finds, ripe for transformation into stunning, market-ready residences.
The process starts with selecting the right property. Ideal apartments would have south-facing terraces with sea views, proximity to beaches and amenities, and community perks like pools and parking. For those with more capital to play with, villas with private pools, scenic views of the sea, mountains, or golf courses, and the potential for gardens go down well. Thoughtful renovations are key, blending stylish, neutral designs with quality materials to attract discerning buyers.
The rewards can be significant, but is the effort worth it? Flips in sought-after areas like Benalmadena or Rincón de la Victoria can bring in substantial returns, and often the edge it needs to sell is one accent piece, such as a beautiful tiled chimney breast. But keep in mind a flexible budget because who knows what you will find when you strip back the walls ready to rebuild?