EPIC Immigration & Investment
PROPERTY IN SPAIN
Spain has many fantastic opportunities when it comes to property investment. It not only offers a profitable real estate market; it is also an attractive place for people who are seeking to relax and retire.
After slowing last year due to the COVID-19 pandemic, Spain is once again looking like a possible investment destination, as yields rise.
Spanish house prices rose by 2.59% (-0.78% inflation-adjusted) to €1,662 per square metre (sq. m) during the year to Q3 2021, its best showing in two years, according to the Bank of Spain. On a quarterly basis, house prices increased slightly by 0.75% in Q3 2021 (0.45% inflation-adjusted).
The nationwide Instituto Nacional de Estadistica (INE) house price index showed a y-o-y increase of 4.21% (0.78% inflation-adjusted) in Q3 2021lp you get started with your property investment in Spain.
Housing starts increased strongly by almost 30% y-o-y to 73,263 units in the first three quarters of 2021, in contrast to a decline of 21.2% during 2020.
Invest for Rental
International people are coming to major cities like Madrid and Barcelona to work, study and travel. In recent years, rental prices in Spain have increased significantly, up to 26% in urban areas.
Its beautiful beaches, temperate climate, vibrant local culture, the establishment of many European headquarters, have been attracting increasing numbers of foreigners who generate a significant demand for rental properties.
Cities like Valencia and those in the Canary Islands are on Government’s strategic initiative to develop as haven for the digital nomads, its affordable properties expected to have high appreciation and at the same time enjoying very high rental yield.
Since Q4 of 2021, we see a rising demand for rental in these cities. The education and tourism industries are opening up and are returning to the old normal before the COVID
