Spain - potential market to invest rental estate
Tuesday, June 16, 2015
According to data of Spain national statistics institude, rental estate market in this country is growing fast compared with 5 years ago. Spain is considered as
a potential market to invest rental estate in Europe.
Renting house is a "default" choice of people, especially after global economic crisis. Building market is not balance, lack of supply source, house price is more
and more expensive at big markets such as US and UK make many people not to choose other way than renting house.
The investors of rental estate quickly realized this "gold" chance and invested confidently to rental estate in Detroit, US. Private rental estate area in UK also
bring to the owners total income reach 112 billions Pound each years.
At that time, a part of global investors concerned about Spain estate market, especially long-term lease market. Spain is getting famous as a new hot destination of
EU estate market with may attractive potential.
House price in Spain is quite low compared with US and UK market. However, in fact, due to high unemployed rate, many people can't affort to buy house so they have
no choice to rent.
According to Mr. Martin Dell, Manager of Spain top estate Magazine - Kyero.com, te number of people find long-term lease house increased much during the previous time.
Low house price also means invest interest rate in Spain is much higher than traditional market such as UK, US. During the last 12 months, invest estate
interest rate is up from 4,7% to 5,3% especially the hot traveling destinations such as Las Palmas de Gran Canaria, this number reach 6%. An apartment with modern
bedroom, view to the sea can be rented with 700 EU per month. The rental price of luxury house with 3 bed rooms, view to the bay has minimum cost 145.000 EU.
The famous estate magazines consider, segmentation of rental estate in Spain still have potential to grow in the coming time. The global building magnate will not
miss such an attractive chance to get benefit.
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Property
a potential market to invest rental estate in Europe.
Renting house is a "default" choice of people, especially after global economic crisis. Building market is not balance, lack of supply source, house price is more
and more expensive at big markets such as US and UK make many people not to choose other way than renting house.
The investors of rental estate quickly realized this "gold" chance and invested confidently to rental estate in Detroit, US. Private rental estate area in UK also
bring to the owners total income reach 112 billions Pound each years.
At that time, a part of global investors concerned about Spain estate market, especially long-term lease market. Spain is getting famous as a new hot destination of
EU estate market with may attractive potential.
House price in Spain is quite low compared with US and UK market. However, in fact, due to high unemployed rate, many people can't affort to buy house so they have
no choice to rent.
According to Mr. Martin Dell, Manager of Spain top estate Magazine - Kyero.com, te number of people find long-term lease house increased much during the previous time.
Low house price also means invest interest rate in Spain is much higher than traditional market such as UK, US. During the last 12 months, invest estate
interest rate is up from 4,7% to 5,3% especially the hot traveling destinations such as Las Palmas de Gran Canaria, this number reach 6%. An apartment with modern
bedroom, view to the sea can be rented with 700 EU per month. The rental price of luxury house with 3 bed rooms, view to the bay has minimum cost 145.000 EU.
The famous estate magazines consider, segmentation of rental estate in Spain still have potential to grow in the coming time. The global building magnate will not
miss such an attractive chance to get benefit.
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