profitable to rent
Investing in foreign real estate is a reliable investment with an average return. They also attract Russians by the opportunity to earn on savings in euros, since in recent years the rates on foreign currency deposits are extremely low. One of the main ways to recoup the investments made is to lease real estate. In the list of countries that allow you to earn in this way, Spain is one of the first places.
Spanish rental market
Today in Spain, more than 20% of housing is leased. Experts note that most of the young families that previously saved up money for their own homes now prefer to rent housing. Add to this that Spain is one of the most popular tourist destinations, and it will become clear why a rental business, if properly managed, brings a stable income of at least 5% per year.
The most popular among tourists are Barcelona, Mallorca, Murcia. The occupancy rate of real estate in Barcelona reaches 90% throughout the year, since tourists come here not only in high season. Another profitable region for the rental business is Valencia, but here the majority of tenants are students. Spanish universities are actively involved in exchange programs, so there is always a demand for apartments near them. Continue reading