Why would you invest in Spanish real estate as a possible alternative to stock markets? In the past few months we have been discussing various reasons why people buy property in Spain.
The warm and sunny climate and the fact that our region is one of the healthiest living environments in Europe are the main reasons for our customers to buy a holiday home on the Costa Blanca South or Costa Cálida.
Purchase of Spanish property to generate a return on investment
This time we will explain a third reason why you could decide to purchase a property in Spain; The purchase of Spanish property to generate a return on investment. Spanish real estate has seen a clear price increase in recent years. Last year, in 2018, there was an average price increase of 6.8% (Source: Kyero)
Not only the general increase of the properties market value but also a possible cash return when letting the property out plays a significant role when calculating the net return on your property investment.
Buying the right property in the right area
If you want to buy a house in Spain with the aim of renting it out, it is important to determine your target group in advance. Who do you want to rent to? You can determine your audience together with one of our property consultants. Your target group can vary from family and friends and to golf players or long term letters. Each target group has its own requirements with regard to the accommodation, the location of the property, the environment and the available facilities in the area.
Rental of your property in Spain
You have decided to rent your newly purchased property in Spain. If you have enough time, you can largely do the letting of your Spanish property and the peripheral business yourself. You can also outsource the rental of your property and all additional matters to the professionals of the real estate agency Ibérica-Estates. In this case, we take care of the tenants' recruitment and the management of your Spanish home. Of course you can continue to use your home yourself at the moments that you wish or in the time frame when the house is not rented out.
Real estate agent in Spain with key holding services
Next month we will explain more in detail about the property management services of real estate agent Ibérica-Estates. Are coming over to Spain soon and do you already require more information about buying a property and renting it out commercially? Please feel free to contact us now through our contact form on our website or call us on +34 625 700 390. We are available 7 days a week.