Buy housing for rent offers returns close to 6%
The price of housing will rise up to 10% in large cities
If the revaluation of the property is included, the return would reach 9% in the large cities.
Clear example of residential recovery is the rental market. Currently, the average price of homes for rent in Spain is 680 euros, for a property of between 80 and 90 square meters, almost 10% more than six months ago, according to Servihabitat Trends, the research platform and Servihabitat market analysis.
By locations, the Community of Madrid recorded increases of more than 14% in the average price of rental housing, followed by the Balearic Islands, with increases of 9.9%.
The forecast of Servihabitat is that the trend continues with an increase of between 1.5% and 2% in the first semester. "We believe that with a positive economic environment, with optimistic projections for the next 18 months, and maintaining the increase in demand in the face of a lack of supply, it will put pressure on prices," corroborates Samuel Población, of CBRE.
After raising the rental price almost 10% in recent months, it is expected that the upward trend will continue
Despite the increase in prices, the number of months it takes for a house to be rented continues to fall, currently standing at just over a month and a half, compared to the more than two months it entailed in March, according to Servihabitat. "However, the behavior differs according to the zones: in Andalusia, the Community of Madrid and the Community of Valencia the turnover has increased, while in Catalonia and the rest of the communities the time it takes to rent a house has experienced a slight increase" , explain from Servihabitat.
As for the profitability of buying a house to use for rent, the Spanish average stands at 5.9%, which represents a moderate increase compared to the last months.
93 293 19 07
Paseo de Gracia 85, 8ª planta
91 800 54 66
Serrano 60, 4ª planta
Sant Cugat del Vallès
93 293 19 07
Plaza Ausiàs March 1, 4ª planta
96 128 59 68
Calle Mossen Femades 3, bajo dcha. Ed. Lauria
Palma de Mallorca
97 100 32 03
96 564 11 13
95 156 38 58
95 525 24 41