{"id":8960,"date":"2026-03-02T08:00:00","date_gmt":"2026-03-02T07:00:00","guid":{"rendered":"https:\/\/www.borneoadvisors.com\/?p=8960"},"modified":"2026-02-20T12:13:30","modified_gmt":"2026-02-20T11:13:30","slug":"how-to-calculate-rental-yield-in-spain-step-by-step-2026-guide","status":"publish","type":"post","link":"https:\/\/www.borneoadvisors.com\/en\/how-to-calculate-rental-yield-in-spain-step-by-step-2026-guide\/","title":{"rendered":"How to Calculate Rental Yield in Spain Step by Step (2026 Guide)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8960\" class=\"elementor elementor-8960 elementor-8952\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-238c60f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"238c60f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7af1cd5\" data-id=\"7af1cd5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-51374bd elementor-widget elementor-widget-text-editor\" data-id=\"51374bd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Calculating rental profitability properly is what separates a solid investment from a decision based on intuition. At<\/span><a href=\"https:\/\/www.borneoadvisors.com\/en\/\"> <b>Borneo Advisors<\/b><\/a><span style=\"font-weight: 400;\">, we work with investors who need clear numbers before they buy, hold, or exit a property.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this guide, I will show you how to calculate <\/span><b>rental yield in Spain<\/b><span style=\"font-weight: 400;\">, step by step, using realistic criteria and avoiding shortcuts that distort the result.<\/span><\/p>\n<h2><b>What we mean by \u201cprofitability\u201d in a rental<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Profitability is not a single number. There are several metrics and each one answers a different question: how much the property brings in, how much it truly leaves as cash, <\/span><b>and how it behaves relative to the capital you have invested<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To make consistent decisions within a defined investment plan, you need to apply the same calculation criteria every time and compare assets using the same methodology. This is exactly what<\/span><a href=\"https:\/\/www.borneoadvisors.com\/en\/services\/\"> <b>real estate investment advisory<\/b><\/a><span style=\"font-weight: 400;\"> is for: turning \u201cheadline yields\u201d into decision-grade numbers.<\/span><\/p>\n<h2><b>Step 1: Identify all rental income<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Your starting point is the <\/span><b>real annual gross income<\/b><span style=\"font-weight: 400;\">, not the ideal one.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Include:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contracted monthly rent<\/span><\/li>\n<\/ul>\n<p><\/li>\n<p><\/ul>\n<p><\/p>\n<ul>\n<li aria-level=\"1\"><b>Parking space or storage unit income if rented separately<\/b><\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tenant reimbursements when contractually agreed<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Avoid inflating income with:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u201cMarket rent\u201d you are not actually collecting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">One-off income that is not recurring<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ignoring empty months because \u201cit usually rents fast\u201d<\/span><\/li>\n<\/ul>\n<p><\/p>\n<h2><b>Step 2: Calculate the gross rental yield<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Gross yield is useful as a first filter, but it should not be your final metric.<\/span><\/p>\n<p><b>Formula:<\/b><b><br \/>\n<\/b><b>Gross yield = (Annual income \/ Purchase price) \u00d7 100<\/b><\/p>\n<p><b>Example:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Purchase price: \u20ac220,000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Annual income: \u20ac13,200<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Gross yield = 6%<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">At this point, the deal looks attractive. The problem is that this number ignores the operating reality of the rental.<\/span><\/p>\n<h2><b>Step 3: Subtract all real costs<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">This is where most calculations fail. If you do not subtract every recurring expense, yield becomes artificially inflated.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To assess a property properly within a real investment strategy, cost assumptions must be conservative and sustainable over time.<\/span><\/p>\n<p><b>Common costs in a residential rental in Spain include:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Property tax (IBI)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Community fees<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Insurance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maintenance and repairs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rental management fees (if applicable)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Vacancy allowance<\/b><\/li>\n<\/ul>\n<p><\/p>\n<h2><b>Step 4: Calculate the net rental yield<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Now you get to the metric that actually matters.<\/span><\/p>\n<p><b>Formula:<\/b><b><br \/>\n<\/b><b>Net yield = ((Income \u2212 Costs) \/ Purchase price) \u00d7 100<\/b><\/p>\n<p><b>Example:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Income: \u20ac13,200<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Costs: \u20ac3,500<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Net annual income: \u20ac9,700<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Net yield = 4.4%<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This is the real operating yield of the asset before taxes and financing.<\/span><\/p>\n<h2><b>Step 5: Add taxes and financing<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Profitability changes significantly depending on how you buy and how you are taxed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consider:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Personal income tax if you buy as an individual<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Corporate tax if you buy through a company<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tax impact on a future sale<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If there is a mortgage, add:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Annual interest<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Principal amortisation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sensitivity to interest rate increases<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This brings you to a key metric for leveraged investors.<\/span><\/p>\n<h2><b>Step 6: Calculate cash-on-cash return<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Cash-on-cash measures the return on the cash you actually invested, not on the total property price.<\/span><\/p>\n<p><b>Formula:<\/b><b><br \/>\n<\/b><b>Cash-on-cash = (Annual net cash flow \/ Cash invested) \u00d7 100<\/b><\/p>\n<p><b>Example:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Down payment + acquisition costs: \u20ac70,000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Annual net cash flow after mortgage: \u20ac5,600<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cash-on-cash = 8%<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Two properties with the same net yield can behave very differently depending on their financing structure.<\/span><\/p>\n<h2><b>Step 7: Interpret results correctly<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Yield only makes sense when you analyse it together with risk.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A practical reference for Spain in 2026:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Below <\/span><b>3.5% net<\/b><span style=\"font-weight: 400;\">: very defensive profile or prime asset<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Between <\/span><b>4% and 5% net<\/b><span style=\"font-weight: 400;\">: balance between risk and stability<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Above <\/span><b>6% net<\/b><span style=\"font-weight: 400;\">: higher operational risk or need for more active management<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The key question is not \u201chow much does it yield?\u201d, but \u201cwhat are you taking on to achieve it?\u201d<\/span><\/p>\n<h2><b>Common mistakes when calculating rental yield<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Avoiding these errors often improves results more than negotiating a slightly lower purchase price:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Not accounting for vacancy<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ignoring long-cycle CapEx<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Using unrealistic costs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Comparing assets using different metrics<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Confusing gross yield with real yield<\/span><\/li>\n<\/ul>\n<p><\/p>\n<h2><b>How we use these calculations at Borneo Advisors<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">At Borneo Advisors we do not analyse isolated assets, we analyse investment decisions. For each rental property we work with:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gross and net yield<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash-on-cash<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Conservative, base, and stress scenarios<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tax and financing impact<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Benchmarking versus other market opportunities<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">That is how we prioritise profitable real estate investments with consistency and a long-term view.<\/span><\/p>\n<h2><b>Want to calculate the real profitability of your rental?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If you are evaluating a purchase or you want to confirm whether your current rental performs as it should, we can help you put real numbers on the table and compare them with the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you want,<\/span><a href=\"https:\/\/www.borneoadvisors.com\/en\/contact\/\"> <b>get in touch<\/b><\/a><span style=\"font-weight: 400;\"> and we will analyse your case step by step.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6cffce8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6cffce8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-72b61c8\" data-id=\"72b61c8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a24f86b elementor-widget elementor-widget-text-editor\" data-id=\"a24f86b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>Frequently asked questions about how to calculate the profitability of a rental property in Spain<\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ea5f438 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ea5f438\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-33b3b9d\" data-id=\"33b3b9d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-466de20 elementor-widget elementor-widget-accordion\" data-id=\"466de20\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-7381\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-7381\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Should I use the purchase price or the total acquisition cost to calculate yield?<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"elementor-tab-content-7381\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-7381\"><p><span style=\"font-weight: 400;\">For decision-making, use <\/span><b>total acquisition cost<\/b><span style=\"font-weight: 400;\"> (price plus taxes and closing costs). It gives you a more realistic net yield.<\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-7382\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-7382\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Do renovations and furniture belong in the investment base?<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"elementor-tab-content-7382\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-7382\"><p><span style=\"font-weight: 400;\">Yes, if they are necessary to execute your strategy. Treat them as invested capital and check how long improved cash flow takes to compensate for that outlay.<\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-7383\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-7383\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How can I estimate vacancy without historical data?<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"elementor-tab-content-7383\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-7383\"><p><span style=\"font-weight: 400;\">Use a conservative assumption (a few weeks per year depending on the area and turnover). Then adjust as you observe leasing speed and seasonality.<\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-7384\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-7384\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is the difference between maintenance and long-cycle CapEx?<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"elementor-tab-content-7384\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-7384\"><p><span style=\"font-weight: 400;\">Maintenance is small recurring work. <\/span><b>CapEx<\/b><span style=\"font-weight: 400;\"> includes periodic replacements and upgrades. Budgeting CapEx makes net yield far more realistic.<\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-7385\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-7385\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Is net profitability calculated before or after taxes?<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"elementor-tab-content-7385\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-7385\"><p>It depends on the objective. To compare assets, net pre-tax returns (pure operating returns) are useful. To decide whether to invest, after-tax returns are relevant, because your final cash flow varies greatly depending on your structure (individual, company, non-resident) and applicable deductions.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-7386\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-7386\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Is net yield enough, or do I also need cash-on-cash?<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"elementor-tab-content-7386\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-7386\"><p><span style=\"font-weight: 400;\">If you buy with cash, net yield can be very informative. If you use financing, <\/span><b>cash-on-cash<\/b><span style=\"font-weight: 400;\"> becomes crucial because it measures the return on your own money after debt service.<\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-7387\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-7387\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How can I compare returns between cities or neighborhoods without falling for \u201cwindow dressing\u201d data?<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"elementor-tab-content-7387\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-7387\"><p>Use actual closing data when possible (comparable transactions) and apply the same methodology to all assets: same expense criteria, same vacancy rate, same provisions. If you only use advertised rents, the bias tends to be upward.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-7388\" class=\"elementor-tab-title\" data-tab=\"8\" role=\"button\" aria-controls=\"elementor-tab-content-7388\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What expenses are often overlooked and distort the calculation?<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"elementor-tab-content-7388\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"region\" aria-labelledby=\"elementor-tab-title-7388\"><p>In addition to vacancy, they forget about spillages, brokerage fees, specific insurance, grace periods, garbage taxes (depending on the municipality), tenant turnover costs, and small recurring \u201csilent\u201d items (locksmith, partial painting, appliances).<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-7389\" class=\"elementor-tab-title\" data-tab=\"9\" role=\"button\" aria-controls=\"elementor-tab-content-7389\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How do I factor risk into interpreting a \u201cnice\u201d return?<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"elementor-tab-content-7389\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"9\" role=\"region\" aria-labelledby=\"elementor-tab-title-7389\"><p>Look at the stability of demand, the quality of the tenant, the liquidity of the asset, and sensitivity to interest rates if there is debt. High returns may mean more management, more turnover, or more exposure to a micro-market.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-73810\" class=\"elementor-tab-title\" data-tab=\"10\" role=\"button\" aria-controls=\"elementor-tab-content-73810\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Does it make sense to create scenarios (conservative, base, and stressed) for a small rental?<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t<div id=\"elementor-tab-content-73810\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"10\" role=\"region\" aria-labelledby=\"elementor-tab-title-73810\"><p>Yes. Even with a single property, a stress scenario (more vacancies, more repairs, lower rent, or higher rates) prevents surprises. It&#8217;s a quick way to check if the operation can withstand stress without relying on \u201ceverything going well.\u201d<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Should I use the purchase price or the total acquisition cost to calculate yield?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><span style=\\\"font-weight: 400;\\\">For decision-making, use <\\\/span><b>total acquisition cost<\\\/b><span style=\\\"font-weight: 400;\\\"> (price plus taxes and closing costs). It gives you a more realistic net yield.<\\\/span><\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"Do renovations and furniture belong in the investment base?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><span style=\\\"font-weight: 400;\\\">Yes, if they are necessary to execute your strategy. Treat them as invested capital and check how long improved cash flow takes to compensate for that outlay.<\\\/span><\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"How can I estimate vacancy without historical data?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><span style=\\\"font-weight: 400;\\\">Use a conservative assumption (a few weeks per year depending on the area and turnover). Then adjust as you observe leasing speed and seasonality.<\\\/span><\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"What is the difference between maintenance and long-cycle CapEx?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><span style=\\\"font-weight: 400;\\\">Maintenance is small recurring work. <\\\/span><b>CapEx<\\\/b><span style=\\\"font-weight: 400;\\\"> includes periodic replacements and upgrades. Budgeting CapEx makes net yield far more realistic.<\\\/span><\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"Is net profitability calculated before or after taxes?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>It depends on the objective. To compare assets, net pre-tax returns (pure operating returns) are useful. To decide whether to invest, after-tax returns are relevant, because your final cash flow varies greatly depending on your structure (individual, company, non-resident) and applicable deductions.<\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"Is net yield enough, or do I also need cash-on-cash?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><span style=\\\"font-weight: 400;\\\">If you buy with cash, net yield can be very informative. If you use financing, <\\\/span><b>cash-on-cash<\\\/b><span style=\\\"font-weight: 400;\\\"> becomes crucial because it measures the return on your own money after debt service.<\\\/span><\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"How can I compare returns between cities or neighborhoods without falling for \\u201cwindow dressing\\u201d data?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Use actual closing data when possible (comparable transactions) and apply the same methodology to all assets: same expense criteria, same vacancy rate, same provisions. If you only use advertised rents, the bias tends to be upward.<\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"What expenses are often overlooked and distort the calculation?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>In addition to vacancy, they forget about spillages, brokerage fees, specific insurance, grace periods, garbage taxes (depending on the municipality), tenant turnover costs, and small recurring \\u201csilent\\u201d items (locksmith, partial painting, appliances).<\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"How do I factor risk into interpreting a \\u201cnice\\u201d return?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Look at the stability of demand, the quality of the tenant, the liquidity of the asset, and sensitivity to interest rates if there is debt. High returns may mean more management, more turnover, or more exposure to a micro-market.<\\\/p>\\n\"}},{\"@type\":\"Question\",\"name\":\"Does it make sense to create scenarios (conservative, base, and stressed) for a small rental?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Yes. Even with a single property, a stress scenario (more vacancies, more repairs, lower rent, or higher rates) prevents surprises. It&#8217;s a quick way to check if the operation can withstand stress without relying on \\u201ceverything going well.\\u201d<\\\/p>\\n\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Calculating rental profitability properly is what separates a solid investment from a decision based on intuition. At Borneo Advisors, we work with investors who need clear numbers before they buy, hold, or exit a property. In this guide, I will show you how to calculate rental yield in Spain, step by step, using realistic criteria [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":8959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[35],"tags":[],"class_list":["post-8960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.borneoadvisors.com\/en\/wp-json\/wp\/v2\/posts\/8960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.borneoadvisors.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.borneoadvisors.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.borneoadvisors.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.borneoadvisors.com\/en\/wp-json\/wp\/v2\/comments?post=8960"}],"version-history":[{"count":1,"href":"https:\/\/www.borneoadvisors.com\/en\/wp-json\/wp\/v2\/posts\/8960\/revisions"}],"predecessor-version":[{"id":9149,"href":"https:\/\/www.borneoadvisors.com\/en\/wp-json\/wp\/v2\/posts\/8960\/revisions\/9149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.borneoadvisors.com\/en\/wp-json\/wp\/v2\/media\/8959"}],"wp:attachment":[{"href":"https:\/\/www.borneoadvisors.com\/en\/wp-json\/wp\/v2\/media?parent=8960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.borneoadvisors.com\/en\/wp-json\/wp\/v2\/categories?post=8960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.borneoadvisors.com\/en\/wp-json\/wp\/v2\/tags?post=8960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}