Real estate investment in Spain continues to offer rates of return that triple, in the worst case, that of the State Bonds to 10 years. According to un study by idealista, he rendimiento que ofrece la inversión en residencial para ponerlo en alquiler has been increased to 7,3% in the second quarter of 2017, almost two percentage points more than a year ago, still behind commercial premises (8,2%) and offices (7,5%) and beating the garages (4,6%).
The profitability offered by the investment in homes to put them for rent has increased up to 7,3% from the 5,5% from a year ago, debido al strengthening the demand for rentals.
According to this study, that relates the sale and rental prices of different real estate products to calculate their gross profitability, the commercial premises remains the most profitable real estate investment.
Buy a premises in Spain to rent it ofrece una rentabilidad bruta del 8,2%,in front of 7,6% they gave a year ago. The Offices ofrecen un rendimiento del 7,5%(a year ago it was from 6,3%). The garages They are the only product in which profitability has been maintained during this year., al quedarse en el 4,6%.
Between the Spanish capitals, The Gran Canarian palms es la que resulta más rentable, with a 8%. Lleida follow (7,7%), Huelva and Alicante (6,8% in both cases). Profitability in Barcelona is 5%, less than Madrid (5,8%).
However, The lowest returns in Spain are those obtained by owners of rental homes in San Sebastián (3,9%), Ourense and A Coruña (4%, in both cases). Then, Zamora is situated (4,6%).
Profitability of commercial premises
Premises are the product with the highest profitability in most capitals. The highest return is obtained in Córdoba and Zaragoza, where they show rates of the 9,1%. Huelva returns follow (9%), Málaga (8,9%) and Las Palmas de Gran Canaria (8,8%). In Barcelona the rate is located in the 8,3%, while in Madrid he stays in the 7,7%.
Palencia offers the premises with the least attraction for investors (alone 5,1% profitability), followed by Castellón (5,6%) and Jaén (5,9%).
Malaga offices present the juiciest return among capitals, with a 7,2% of gross profitability. Zaragoza follow (7,1%), Córdoba (6,9%) and Palma de Mallorca (6,8%). In Madrid profitability amounts to 6,3%, while in Barcelona it goes down to 6%.
On the opposite side, we find the profitability of A Coruña (4,7%), Valencia (4,9%) and Santander (5,2%). The office market is not as uniform as that of other products, reason why it is impossible to obtain statistical data of more than half of Spanish capitals.
The garages are, as opposed, the least profitable product for the investor in many capitals. The highest profitability is obtained in Las Palmas de Gran Canaria (8,4%), followed by Murcia (5,9%), Girona (5,4%) and Santa Cruz de Tenerife (5%).
The capital with the least profitable garages is Salamanca, with a 2,3%, followed by Barcelona (2,6%) and A Coruña, with a 2,7%. Then, are located Madrid (3%), Vitoria and Granada (3,1% in both cases).
For the preparation of this study, idealista has divided the average sale price offered by the rental price that the owners request in the different markets referring to the quarterly housing indexes, locales, garages and offices corresponding to the second quarter of 2017.
The result obtained is the gross percentage of profitability that an owner provides to rent his home. This data facilitates the analysis of the current state of the market and is a basic starting point for all those investors who want to buy real estate assets in order to obtain benefits..