If you consider buying a property in Madrid, please continue reading.
The Spanish crisis is over and the economy is growing again. A great opportunity to buy property in Spain. Madrid is one of the areas in Spain where you can find interesting property investments and potential hotspots. Why should you invest in property in Madrid?
Madrid is the capital of Spain and for this reason many international companies have a subsidiary in Madrid;
Madrid has some famous business schools and universities, attracting thousands of students every year. They need a place to live in;
Great quality of life. As Madrid is situated in the middle of Spain, it is more Spanish (castizo) than most areas along the coast;
Prices are still relatively low;
Safe long term investment.
Investing in property in Madrid, that is buy-to-let, is every year a bit more profitable. While the average profitability in Madrid was:
- 5% in 2014
- 5.2% in 2015
- it increased by 5.6% in 2016
- and for 2017 they expect even a higher profitability.*\br>
According to the Banco de España, the profitability in the real estate housing sector has gone up to 8.3%. This percentage is a result of the sum of the exploitation of property by means of letting (4.4%) and its revaluation (3.9%).**