According to a study conducted by experts of the portal Idealista, the level of profitability from the purchase of real estate in Spain for subsequent leasing for the year increased from 5.8% to 7.1% against the backdrop of strengthening demand for rental housing, Noticia.ru reported.
The profitability of investments in any type of real estate in Spain was three times higher than deposits in government bonds for a period of 10 years.
The results of the Idealista report showed that commercial premises remain the most profitable product in terms of this model of operation: they provide a profitability of 8.3%, while a year ago this figure was 7.7%.
In turn, the profitability of office space for the year increased from 6.9% to 7.5%. The only product, whose profitability for the year decreased, were garages: from 5.6% to 5.2%.
Among the capitals of the Spanish provinces, the most profitable options for purchasing real estate for further delivery can be found in Lerida: the yield of similar products here is 7.6%. It is followed by Las Palmas de Gran Canaria (7.5%), Huelva (6.8%), Alicante and Palma (6.5%). In Barcelona, this figure is 5.3%, and in Madrid - 6.1%. The least profitable was real estate in Lugo (4.4%), San Sebastian (4.2%), Orense (4%) and La Corua (4%).
With regard to commercial premises, in Malaga they provide a profitability of 11.5%, in Vitoria - 9.4%, in La Corua - 9.4%, in Las Palmas - 9%, and in Zaragoza - 8, 8%. In Barcelona, the level of profitability of these products is 8.4%, and in Madrid - 7.6%. The least attractive such assets were in Haen (6.2%), Castelln (5.2%) and Palencia (5.1%).
As for the offices, they provide the highest level of profitability in Guadalajara (8.2%), Zaragoza (7.2%), Cordoba (7.1%) and Malaga (7.1%). In Barcelona and Madrid, this figure is 6.4% and 6.2% respectively. At the opposite end of the ranking are La Corua (4.8%), Valencia (4.9%), Santander and Murcia (5.3%). The market for office space in the country is not as homogeneous as other segments, so the experts were not able to get statistics in more than half of the provincial capitals.
Finally, the garages recognized as the least profitable investment option for investors provide the owners with a profitability of 7.1% in Palma, 6.7% in Las Palmas, 6.4% in Murcia and 6.1% in Huelva . The list is closed by Madrid and Ciudad Real (2.9%), as well as La Corua (2.8%), Barcelona and Salamanca (2.4%).
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