Where should I buy a house in Spain?
Where should I buy a house in Spain? The answer depends to a large extent on the purpose of buying a house in Spain: as a holiday home, for permanent residence, or to obtain a rental benefit. Although in the first two cases, the answer depends more on the personal preferences, requirements and budget of the buyer, in the latter case, they should study the market well and choose the most profitable option. Of course, most of the investment in housing in Spain falls on the larger cities, such as Barcelona and Madrid, and its surroundings. However, in terms of profitability, some coastal regions began to attain them: many foreign investors decide to buy a beach house in Spain, to rent it and get good profits. The average housing profitability in Spain is 5.4%. The highest positions, in terms of profitability, are occupied by Catalonia, the Valencian Community, Murcia and Madrid: 5.8%, 5.7%, 5.6% and 5.5% respectively. It should be noted that many cities on the Costa Blanca show high rates of profitability, such as Torrevieja (5.7%) and Santa Pola (5.6%). In Alicante and El Campello, the housing profitability is 5.2%, in Elche – 5.1%, in Benidorm – 5%. At the same time, the average prices of houses in Spain, in the Valencian Community, are much lower than, for example, in Catalonia or Madrid. Thus, according to data from May 2019, the average price of a house in Catalonia was € 2,359 per square meter, in Madrid € 2,462, and in the Valencia Community € 1,924. The average price of a house in Spain, in the province of Barcelona, was € 2528 per square meter, in the city of Barcelona – € 5269, in the province of Alicante – € 1930. The average price of houses in Spain, in Alicante city, is € 1562, the houses in Spain, in Torrevieja, are worth € 1896 per square meter, in Santa Pola – € 1566, in Elche – € 1158, and in Benidorm – € 2305.
20.10.2019
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Read full review12.09.2019
Thank you Alegria for finding us our perfect home in Alicante... and special thanks to the lovely Daria who has continually assisted us in an enthusiastic and friendly way, long after we've moved in!...
Read full review19.07.2019
I want to thank Denis Kurbatov for his great work, punctuality and professionalism. Denis is able to listen to the client, offer solutions without imposing his point of view. Denis acts not just as a real estate agent but as his t...
Read full review21.05.2019
Thank you very much from Ukraine! I was very lucky to meet the director of the company "Alegria", Jan. Great professional in his field! Although its greatest virtue, and what stands out most, is how humble it is. I bought real est...
Read full review06.05.2019
I am writing to thank your Company for excellent service. We have been searching for us new winter time rent apartment in Torrevieja area several weeks without result until we spoke with your employee Ms Vera Ilomäki. I am very gr...
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