Why no yield is published
No rental yield is published: no public dataset records achieved rents or closing prices for these homes. No register collects achieved occupancy and no platform publishes it, so this page prints no weekly rate, no occupancy figure and no yield — an advertised rate is not an achieved one.
What can be said without a number is the shape of the season. July and August are the only weeks of genuinely constrained supply; June and September let below them, May and October lower again, and November through March generates minimal luxury rental demand.
From an advertised rate to income
Three numbers turn a weekly rate into income, and none of them is public: the weeks actually booked, the rate actually achieved in each, and the weeks the owner keeps for personal use. They vary more by manager than by address, and maintenance and booking gaps shorten the letting calendar further. Ask two or three managers, in writing, for what they achieved last season on comparable houses — achieved, not advertised.
Weeks booked multiplied by the achieved rate is the gross figure that appears in marketing materials. It is not income. The cost stack below is where it goes.
The full cost stack
Management fee (full-service luxury agency): 18–25% of gross. Platform commissions: 3–15%. Maintenance and management during rental (cleaning, consumables, pool, garden): €35,000–€60,000/year. Community fees: set by the community's approved budget — take them from the receipts of the last twelve months. IBI: the amount on the last receipt. Insurance (must cover tourist rental): €2,000–€6,000/year. Utilities: €8,000–€15,000/year. IRNR: 24% gross (non-EU) or 19% net (EU/EEA).
Run that stack against the gross for the actual house, on a manager's achieved figures, before relying on any rental income; what is left moves with occupancy, manager and tax position, and this page puts no percentage on it. The capital side is the same. No appreciation or year-on-year figure exists for these addresses: it would need closing prices at two dates, and Spain publishes none.
VFT licence requirements (Andalucía 2026)
Decreto 31/2024 requires a Vivienda con Fines Turísticos (VFT) licence for all short-term rentals. Requirements: responsible declaration to the Junta de Andalucía; basic technical compliance (room sizes, ventilation, fire safety); licence number displayed on all advertising. Processing in Málaga province: 4–10 weeks.
Gated community statutes may independently restrict tourist rental — verify the reglamento de la comunidad before assuming rental is permitted. Sierra Blanca and La Zagaleta have historically restricted short-term tourist rental by non-member owners.
“I would like to express my gratitude to the Muse real estate agency in Marbella, with whom I have had an exceptional collaboration during the process of purchasing a home for my clients. Without a doubt, they have a highly skilled and committed team. I wholeheartedly recommend their services.”
“From the first interaction, Maria demonstrates professionalism and a keen understanding of her clients’ needs. Whether buying or selling, her guidance is always informed, reliable, and tailored to the client’s best interests.”