Spanish residential beachside property rentals can be “very profitable”, finds new study by urban Data Analytics (uDA).
Spanish gross rental yields for properties located first and second line to the beach have risen from 5.37% in 2016 to 5.67%.
Carlos Olmos, Director of uDA, says: “It’s a good moment in general for the rental market, and the good times have reached the Spanish coast, the first and second line,” reports Spanish newspaper El Mundo. Read more »
British buyers looking for a property abroad are still attracted to Europe, especially Spain, France and Italy, despite uncertainties shrouding Brexit, new survey shows.
The report by French mortgage specialist BNP Paribas International revealed that 66% of those surveyed said they were looking for a second home in one of the top three destinations due to the way of life and warmer climate and nearly two thirds with property projects already under way have not been deterred by Brexit.
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There has been a 10% increase in the cost of renting a holiday property in coastal parts of Spain, according to property valuation firm TecniTasa, giving rise to the number of investment opportunities in both the long and short term holiday rentals market.
The average weekly cost of renting a holiday property near to the beach in Spain will now cost you €729 in the summer, compared with the €664 it cost in summer 2016, representing an increase of €65 per week and a 10% rise in a year. Read more »
Average residential property prices in Spain have grown by 5.3% over the last 12 months, according to figures published last week by the government’s central statistics unit.
Property prices rose by 2.3% in the first quarter (Q1) of 2017, representing the fifth consecutive quarter of rises and the first positive annual variation since Q1 of 2014, data shows. Read more »
Property prices in Benahavis are rising faster than in any other area of Malaga, according to the House Price Report April 2017 by Kyero.
Benahavis featured at number 3 in the top twenty local areas in Spain where property prices have grown the most. Average asking prices in Benahavis have risen by a significant 24.8% to €660,000 in the last year. Read more »