The economic situation in Spain has made the country a prime spot for small investors looking for city property or bargain real estate opportunities.
According to The Spanish Brick, prices are hitting rock-bottom and plateauing in city locations, with some properties now available between €70,000 (£56,000 approx) and €120,000 (£96,000 approx).
What's more, city properties are in permanent demand in the rental market and can be rented from the first month.
Spanish Brick claims that there is now a significant improvement yield in the country because of lower prices, rising from two per cent to 4.5 per cent with a reasonable lower risk.
Lower property prices also mean that smaller investors who would previously have been unable to afford real estate in Spain can now do so. This has opened up the market, creating new opportunities.
Furthermore, in the mid-to-long term, people can move to Spain with a profit after using property as a buy-to-let investment.
Before investing in any property i think the investors has to get a brief knowledge about real estate market strategies.No doubt,Spain is the perfect place for making investment in the property because here property rates are usually cheaper than other countries and also with quality apartments,villas,nice beaches etc.Their is always ups & downs in the property rates and i think your blog contains all the essential information about rental and bargain property market.Thanks for posting such a knowledgeable information.
ReplyDeleteThanks very much for the comment. We always make sure that our clients get to know the market and area before making a final decision.
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