except for buying
In my previous article, we examined the benefits of living in the Spanish capital, Madrid. In this article I will tell you more about the most comfortable areas for living in the Spanish capital. So, the most favorable areas of the Spanish capital are:
Where is better to live and buy property in Madrid?
El Barrio de Salamanca (Salamanca District)
It has always been the best place to stay in Madrid, as it is one of the most exclusive areas of the capital in terms of acquiring housing. In 2019, Salamanca is once again positioning itself as the most expensive area in Madrid, with an average price per square meter of € 4,929, according to an official housing assessment (TINSA).
This is certainly one of the safest areas of Madrid. And, despite the fact that he is sleeping, the proximity to the city center allows its residents to combine living in it with trade and business. Continue reading
The unique location of Cyprus makes this island very attractive for investors. On the one hand, Cyprus is a large business center in which the interests of European entrepreneurs merge with the interests of Eastern businessmen. On the other hand, Cyprus is a resort island. The wonderful climate, clean beaches, low crime rates and excellent infrastructure attract here both a lot of tourists and those who would like to receive income from renting out real estate.
Investing in Cyprus real estate is suitable for those for whom the reliability of investments is more important than high profitability. On average, the island’s residential and commercial real estate is growing at a price of 5-7% per year. Leasing it can bring another 3-5% of the profit annually. The main advantage of Cyprus is the continuous flow of tourists, both from Europe and from Russia. At the same time, despite a considerable number of hotels, the demand for rental housing still exceeds supply, especially in the budget real estate sector. Continue reading
According to Spanish real estate agencies, more than 20% of the total housing stock in Spain is leased. In Alicante, this figure is even higher – 30% and will only grow due to the expansion of tourism, experts predict.
This is not surprising – the magnificent Mediterranean climate, numerous historical sights, magnificent promenades and the magical sea attract millions of tourists every year, who each time discover a bright and welcoming Spain in a new way.
The development of international student programs, as well as the lack of desire among modern youth to acquire their own square meters, contributes to an increase in the share of rental housing.
Taking into account the fact that Spain is one of the most popular tourist destinations in the world, short-term rental housing for the summer period guarantees a 5% return – in the summer months, almost 90% of the resort housing is booked here. Continue reading