The brick is again attractive, but not in the way it was in the years before the housing bubble. In the 90s, investors bought houses to sell a few years later, pocketing large capital gains.
The approach is now quite different: the formula consists of buying to rent and squeeze, thus, the juicy yields that the tourist rental provides, more profitable than the traditional one.
The rent of all life offers a profitability of 7.3% - a year ago, the data was 6.3% - according to a recent study by Idealist, while various voices suggest that the short-term can reach double digit if a high occupation is achieved.
"Many people are already investing in housing as an alternative to saving the pension, and 85% of those who buy a house as an investment do it to rent it," as pointed Beatriz Toribio, director of studies of Fotocasa.
According to the data of this real estate portal, 34% of Spaniards who acquire a second residence plans to allocate it to the holiday rental, that is, to offer it to tourists for short stays. Only 7% will choose to dedicate it to traditional leasing. And still an immense majority - 59% - will do it to enjoy it with their family.
Now, what conditions do the entities require when requesting a loan to access a second residence? The starting point changes, since, in this case, the client already faces the monthly payment of a mortgage. The conditions harden slightly, since the bank pays less money and for less time than when the house to finance is the first. The interest, generally, does not vary.