What are the best cities to buy home?

The average price of new and second-hand homes in Spain is 1,447 euros per square meter, according to the most recent data presented by the Real Estate Trend Report prepared by the Valuation Company, which represents an increase of 1% in relation The previous year. Following this data hides a market in which there are two speeds, since four of the autonomous communities of the country accounted for 49% of total trading transactions. This makes it possible to deduce that there are regions more attractive than others for buyers.

Those companies and / or investment professionals who are considering to acquire a property must take into account the most interesting Spanish cities for that purpose. We refer to those places where the demand for houses and flats continues to grow, locations that will remain among the preferences of those who seek housing in the short, medium or long term.

Below we have compiled sector information, data from reports and other indicators to produce this list which lists the best cities to buy a house in Spain:

– MADRID: Both the downtown area and the so-called premium locations as well as the districts on the outskirts of the capital that are becoming residential centers with more services and amenities.

We find in the first area “housing where second hand supply is scarce and where there is practically no free floor for the construction of new housing,” Bankinter analysts told economic daily Expansión on this issue. These can be used both for rent – with an average annual increase of 7.5% – and for sale – the average price per square meter is 2,142 euros. The latter are especially interesting for leasing, with growth rates, according to the district, of between 5.8 and 7.4%.

– BARCELONA: This case is quite similar to the previous one and is another of the strategic points where it perfectly combines risk and profitability. The heart of the Catalan capital has characteristics similar to those of Madrid: there is hardly any space for new construction and the used housing market is very important, with average values ​​per square meter of 2,551 euros according to Tinsa (19% more than the ground from Madrid). The rental market is also moving with variations of 9.2% in these times and up to 10 districts where the price of residences is growing.

The prime districts offer a very high yield, which is why the floors are being revalued. The rents are reaching historical levels, with an average of 1,364 euros per month (data of December 2016 that facilitates the web enalquiler.com). Experts agree in pointing out that both in Madrid and in Barcelona are particularly interesting the small flats of the center motivated by those high rental rates.

– MALAGA AND THE COSTA DEL SOL: The coast of Málaga leads the reactivation of real estate on the coast of Andalusia. Marbella and Manilva show evident signs of recovery in the light of the facts contained in the report ‘Housing in Costa 2016’ in Tinsa. Prices on this coastal farm are rising and there is an important demand. From Torremolinos to Mijas new works are beginning, which is a clear signal that there are buyers interested in real estate on the Costa del Sol.

– PREMIUM ZONES BY THE SEA: Sotogrande and Sitges offer buying opportunities with a potentially high profitability. The analysis department of Bankinter reviews both as examples of “high-level summer holiday areas where usually people of high income”.

-BALEARIC: The Balearic archipelago could well be inscribed in the previous example, since certain sites in Mallorca as well as in Ibiza, Menorca and Formentera are considered of high level. This community is one of those that has registered higher price increases and more sales operations. For both resale and tourist rental, it is a place where real estate offers remarkable returns.

PROVINCIAL CAPITALS: Valencia, Sevilla, Palma de Mallorca, Alicante, Málaga…These large cities, together with Madrid and Barcelona, ​​have accounted for 51.5% of the transactions carried out in Spain in the first half of 2016. The holdings To know the overall data of last year, we are talking about rising costs, so it may be time to get property in these homes.

These locations correspond to what we talked about in relation to the best areas to buy housing in Spain: On one side are the central flats, preferably in provincial capitals and large cities such as Madrid, Barcelona, ​​Valencia or Seville; On the other, the coast, the Andalusian coast, the Levant, the Balearic Islands, sites where the demand for real estate goes hand in hand with the increase in the number of domestic and foreign tourists who return to them each year.

For more information related to the current real estate market do not hesitate to follow our blog. You can subscribe to receive all updates by email.

 

 

FONTS

http://www.enalquiler.com/precios/precio-alquiler-vivienda-barcelona_31-9-0-0.html

http://www.laopiniondemalaga.es/malaga/2016/06/16/costa-sol-lidera-reactivacion-inmobiliaria/857224.html

http://www.expansion.com/economia/2016/11/26/5839ca8ee5fdeafa798b4640.html

http://www.expansion.com/economia/2016/03/18/56dd67f7268e3e47338b45e1.html

http://www.libremercado.com/2016-10-03/el-precio-de-la-vivienda-en-espana-se-recupera-a-dos-velocidades-1276583709/

http://www.abc.es/espana/canarias/abci-burbuja-abrir-ciudades-canarias-mar-201610291340_noticia.html

Comments are closed.

This template supports the sidebar's widgets. Add one or use Full Width layout.

Este sitio web utiliza cookies para que usted tenga la mejor experiencia de usuario. Si continúa navegando está dando su consentimiento para la aceptación de las mencionadas cookies y la aceptación de nuestra política de cookies, pinche el enlace para mayor información.plugin cookies

ACEPTAR
Aviso de cookies