Catalonia, the Canary Islands, Madrid and Murcia, regions where it is more profitable to buy to let

Posted by on Oct 20, 2017 in News

In Spain, acquire a rental property currently offers a yield of 5.7% Galicia, the Basque Country, Asturias and La Rioja are communities that offer less profitability Hospitalet de Llobregat, Alicante, Elche and Las Palmas are the most profitable municipalities Barcelona is one of the least profitable towns while last year stood in the middle of the table Acquire home ownership to put rent is becoming more profitable year. This follows from the analysis by the real estate portal fotocasa from the latest data from the price of housing for sale and rent in September. These data show that, on average, annual returns that can be obtained in Spain of a property bought to put it later on rental basis is 5.7%, while in 2016 it was 5.3% in 2015 was the 5.2% in 2014 was 5% and 4.8% in 2013. By communities, Catalonia, Canary Islands, Madrid and Murcia are the most profitable to buy a home and put it on rent. Thus, California offers a yield of 6.6% (from 6.1% in 2016 and offered 5.4% of 2015), followed by Canary (6% versus 6.1% 2016 5, 4% 2015), Madrid (5.9% versus 5.6% 2016 and 5.2% of 2015) and Murcia (5.9% versus 5.6% and 5.1 2016 % in 2015). “Confidence in the residential market has returned and the high returns offered right now rent are making large but also small investors are betting on home purchases since neither the bag nor the public debt or deposits offer a return of 5-6%. YIELDS   2017  v 2016  v 2015  v 2014 Galicia, the Basque Country, Asturias and La Rioja are the Spanish regions offering lower returns, namely 4.2%, 4.8%, 5% and 5.1%, respectively. Hospitalet de Llobregat, Cordoba and Malaga are the most profitable municipalities Analysis Fotocasa also provides performance data of 20 Spanish municipalities with more inhabitants. Thus, the study shows that Hospitalet de Llobregat (6.1%), Alicante (5.7%), Elche (5.6%) and Las Palmas (5.6%) are the most profitable municipalities buy a home and put it on rent. At the other end, A Coruña (3.9%), Barcelona (4.2%), Vigo (4.4%) and Bilbao (4.5%) are the least profitable municipalities to buy a home, as the price of resale flats is not falling at the same pace as in other municipalities and the rent is more balanced compared to sales. In this regard, draws attention to Barcelona in 2016 was ranked 10th among the most profitable municipalities and in 2017 ranked No. 19, ie, it is one of the least profitable municipalities to buy a home and put it on rent. “The fall of profitability in Barcelona is explained by the strong price increases, growing at a rate of almost 20% compared to last year and rent stabilization. Still, a yield of 4.2% is very interesting especially when you consider the high demand for rentals in Barcelona and its reduced offer. Yields 2017 V...

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“New housing will recover in 2017 part of its non-participation in earlier years”

Posted by on Oct 19, 2017 in News

INE’s real estate transaction data for the month of August reflect a year-on-year increase in home purchases of 16%, reflecting the good performance of the sector. “The residential market is giving clear signs of growth thanks to the good progress of the economy, the consolidation of mortgage credit and the return of confidence in a sector that has been reviled for years and now again arouses interest. This higher demand is moving to prices which, according to the latest data from Fotocasa, grow at a rate of 4.8% compared to last year. This is the highest increase recorded by our history since May 2007, when prices rose 5.4%. From August data, Toribio highlights the advance of new housing, which grew 21.3% year-on-year compared to 14.9% for second-hand housing. “The reactivation of the real estate market has brought an increase of the purchase on flat and of the activity promoter, which will serve to alleviate the shortage of new housing offer, which becomes more evident in the big cities,” he adds. “In 2017 the new housing will recover part of the protagonism lost during nine years of consecutive falls”. There is already almost unanimity in the sector that will end the year with more than 500,000 operations of purchase and sale, a fact that would confirm the improvement of the real estate market” but “is still far from the levels of activity of the years of the boom, when they were closed to the month around 108,000 operations compared to the 40,000 that are now...

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The price of second-hand housing rose 1.3% in the third quarter of the year

Posted by on Oct 19, 2017 in News

The price of housing increases quarterly in 12 communities Interannually, the price increases by 4.8%, the largest increase since May 2007 The price of second-hand housing rises in all districts of Madrid and in eight of Barcelona The price of second-hand housing in Spain is 1.3% higher in the third quarter of the year and puts the price at € 1,716 / m2 in September 2017, according to data from the Real Estate Index fotocasa. The increase in this third quarter of the year is the fifth consecutive that has registered the real estate index fotocasa. Thus, the price of second-hand housing began to increase quarterly just a year ago, in the third quarter of 2016, with an increase of 0.9%, and since then has not stopped growing quarterly. “The real estate sector has taken a lot of strength since the beginning of the year and that is shifting to prices, which are registering increases that we did not see since the years of greater splendor of the sector. But we must not forget that we come from very low and because of that, these increases are so high and not all areas are experiencing this recovery with the same intensity, since the activity is concentrating on large squares, “explains Beatriz Toribio , responsible for Studies of fotocasa   The highest annual variation is recorded since May 2007 On a year-on-year basis, the price of second-hand housing in Spain increased by 4.8% and is the highest year-on-year increase recorded in the historical real estate index since May 2007, when the price grew by 5.4%. In addition, this is the twelfth consecutive increase in year-on-year changes. And since last October 2016, the year-on-year change has continued to increase, reaching 4.8% in September 2017. The price of housing in Spain reached its historical peak in April 2007 with a value of € 2,952 / m2. Since then it has accumulated a decrease of -41.9%. The communities experiencing a major fall from the highest are La Rioja, with an accumulated decrease of -56.9%, Navarre (-54.1%), Castilla-La Macha (-51.9%), Aragon (51.6% %) and Murcia (-49.7%). read...

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