For yield-focused buyers: we map specific neighbourhoods to specific rental performance, factor in the legal status of every building, and tell you what to avoid. With a holiday-rental management arm in-house if you want one.
Pick the one that fits your goal — capital growth, steady yield, or seasonal upside. We tell honest investors which strategy fits the property they're considering, or whether the property doesn't fit any of them.
ROI-focused acquisition for short-term holiday rental. We map specific Costa del Sol postcodes to live rental performance through our in-house rental management arm — no daylight between sales pitch and operational reality. Best for owners willing to engage with the operation.
Steady-yield investments aimed at one-to-six-month tenancies. Lower management intensity, more predictable income, less seasonal swing. The right call when the unit, the building or the calendar suits long-stay better than weekly turnover.
Off-plan and renovation plays where the upside is the resale margin, not the rental income. The Costa del Sol has specific corridors where this works and others where it doesn't — we tell honest investors which is which, and which to avoid.
Three real transactions. Real numbers, no estimates.
Holiday rental apartment. First full year of managed rental income.
Single property. Specific year. Gross yield before management fees, tax, running costs and vacancy. Not representative of all properties or all years; individual results vary materially.
Bought off-plan. Sold two years after completion, once construction in the surrounding area had finished.
Single transaction. Specific four-year window. Before capital gains tax, legal and holding costs. Off-plan capital growth in a different period or market would not deliver the same outcome; individual results vary materially.
Apartment purchased, fully reformed and sold.
Single transaction. Before capital gains tax, legal and holding costs. Reform-and-resell projects depend heavily on entry price, local demand and execution; individual results vary materially.
Three transactions Glaser Real Estate advised on between 2021 and 2025. Real numbers, real years.
Past results are not a guarantee of future performance. All investment involves risk. The figures shown above are pre-tax and pre-fee, and apply only to the specific transactions listed. Glaser Real Estate is a licensed estate agency, not a regulated financial advisor — consult a qualified financial or tax advisor before any investment decision.
“A breath of fresh air to work with Maarten. He knows the market, does his homework, and gives honest advice. Always accessible, committed, and you really feel like part of a team. No empty promises, but he does what he says.”
Spanish short-term rental rules changed materially in 2024 and 2025. We walk every investor through the relevant changes for the property they're considering, with sources, before any offer goes out.
The Spanish government created a national rental registration number — the Número de Registro Único de Alquiler. Mandatory since 1 July 2025 for short-term and temporary lets. Issued by the Registro de la Propiedad (the Spanish Land Registry) through the Ministerio de Vivienda’s Ventanilla Única Digital, on the basis of the underlying municipal/autonomous licensing — not by the Junta or the municipality directly. Without an NRUA you cannot list on Airbnb, Booking or any other platform. We process the application as part of onboarding for managed properties.
The amendment to Spain's Ley de Propiedad Horizontal now requires a 3/5 community-of-owners vote to approve new short-term-rental applications in apartment buildings. Existing licences granted before the amendment are grandfathered. We check every building's vote history before you offer.
The Ayuntamiento de Málaga adopted a 3-year municipal-wide suspension of new VUT licences in August 2025, in effect until August 2028 — adopted under article 6.2 of Andalucía’s Decreto-Ley 1/2025, which enables municipalities to suspend licences on general-interest grounds. Existing licences continue under the previous regime. This is not a street-level cap — it’s the whole municipality. Adjacent municipalities (Torremolinos, Rincón de la Victoria, etc.) each have their own rules and are not affected.
A VUT in Andalucía is registered through a declaración responsable filed with the Junta de Andalucía — the property is registered on filing and a registration number is allocated right away. What actually determines whether you can be live in a week versus months is what sits around that filing: the comunidad de propietarios authorisation (since 3 April 2025), the declaración de compatibilidad urbanística from the ayuntamiento, and the NRUA from the Land Registry (mandatory since 1 July 2025). With all three prerequisites clear, an operator can be live within a week. Where any one is unresolved, it’s weeks to months. We check all three before recommending a property for short-term let. Annual N2 filings are due every February. We handle this end-to-end if the property goes into management.
Same coast, different rules and rhythms. A quick read on each city. We go deeper at the discovery call once we know the strategy.
3-year city-wide moratorium on new VUT licences (Aug 2025 → Aug 2028). Existing licences grandfathered. Read the listing carefully.
Adjacent to Málaga municipality but on its own ruleset. Mid-band value for short-stay portfolios.
Steady short-term rental performance. Glaser's home base — we know every street.
Robust long-stay demand from Northern European retirees. Holds value through cycles.
A meaningful share of buildings have voted to prohibit short-term rental under the 3/5 rule. Read the building before any offer.
Many gated developments have voted to prohibit short-term rental under the 3/5 rule. Long-stay and capital-growth plays remain strong.
Premium golf-belt segment. Off-plan delivery in 2025–2026 worth the close-look. Highly buyer-segmented.
Increasingly restrictive on new licences in certain old-town streets — no general moratorium. Strong year-round hold value.
All city notes reflect our reading as of May 2026. We refresh quarterly. If you're looking at a specific street or building, we'll give you the live read at the discovery call.
The same Spanish regulatory framework applies inland — the April 2025 Ley de Propiedad Horizontal amendment and the VUT licensing process are national. What changes inland is the economics: lower price-per-m², larger plot sizes, rural fincas with land, and a buyer pool oriented toward lifestyle primary residence and long-stay rather than peak-season holiday yield. Less suited to high-rotation short-let strategies, well suited to capital-growth and long-stay plays.
See the inland towns →The thing that makes Glaser useful for investors is structural. We don't just sell property and hand you off — we operate the rental management for owners we've sold to, and we run a dedicated investment advisory branch in parallel. That means we know the operational reality of a property before we recommend it, because our team runs both sides.
No guessing about occupancy. No vague "industry returns". No vendor-paid puff. Real numbers from the buildings we already manage, shared at the discovery call, in writing.
Plus rental management in-house. The full operational stack under one family.
A 30-minute call with Maarten directly. We tell you honestly whether the Costa del Sol fits the goal — and which city is the right place to start.