25 | 09 | 2020
Among the reasons that can lead us to buy a property, is to be able to rent it. The Spanish coast is a highly profitable area for the owners who pursue this purpose, since it is a very coveted place by tourists and tenants with an important purchasing power. If this is your intention, this is what you need to know. Data that will interest you if you want to buy a property to rent on the coast of Spain Profitability above the national yield: according to the Bank of Spain, the national yield of rents is slightly above 4%. On the other hand, for the first and second line of coast, this index is quite close to 7%. Increase of the patrimonial value: the acquisition of a house for its later rent is a way of increasing the personal patrimony. Having a place to vacation: you will have at your disposal a place of your own in which to take vacations on the coast of Spain. You can choose to rent it in high season to obtain the maximum possible profitability, while you use it for your own vacations at any other time of the year. On the other hand, it will also be your place to go for weekends while it is not occupied with tenants. Strong foreign presence: foreigners with significant purchasing power choose the coastal area when vacationing in Spain. This makes any property located in this area an important source of capital, since the tourist who comes to our country and who is looking for quality vacations, does not skimp on the price to invest in exchange for spending a few days in one of the most coveted destinations in Europe. Prices with an upward trend: rental prices in the coastal area have not been affected by the crisis. While other values fell, those of the coastal area continued to rise. The role of the real estate agency in the purchase of a property for rental purposes The real estate agency plays a very important role for the buyer who acquires a property for its subsequent use. The experience and knowledge of the sector make the real estate agency your indispensable advisor when it comes to carrying out the purchase. Before carrying it out, take into account everything that we can assist you with: Market trends: the real estate agency is one of the first to find out about any changes that occur in the real estate market. We know if an area is down or up, we know its population and we can inform you accurately about its profitability. Paperwork: both buying and renting real estate require a lot of cumbersome paperwork. We do them all for you and accompany you until your property is already generating income for you. Financial analysis: we sit down and talk to you about your financial situation. In this way, and according to your liquidity, we advise you about the best prices for your particular case. Each client is unique and there is a range of properties perfect for your purposes and possibilities.
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