The Spanish property market is a brilliant place to invest your spare €100,000 right now. Since 2014, property prices have been on a steady rise, but are still lower than in 2008. The Bank of Spain released a report in November 2018 saying that returns on the real estate market sales are up by 11.2%. Rental yields are soaring while buying floor space per square metre remains relatively good value in comparison to the rest of Europe.
Some pockets of undiscovered coast can still offer cheap apartments along the Mediterranean. While brand new villas in urbanisations set back from but still close to the coast can a decent sized apartment and excellent facilities at bargain prices.
Between €50,000 – €100,000 would currently buy you a one-bedroom apartment in Torrevieja on the Costa Blanca or in inner-city Alicante.
A €250,000 budget would buy you a quite luxurious apartment in one of the more popular seaside towns or a 5 bedroom villa in Murcia or other areas inland from the coast.
Invest in a buy-to-let in Spain
With the property market in Spain in recovery, now is a great time to purchase the buy-to-let apartment you’ve been thinking of. For a buy-to-let, you need to secure a low asking price for a property with high rental income potential.
There is very high demand for low-cost housing in tourist areas and creeping house prices are making finding these dream homes at a low cost harder than before. Keeping to the more popular coastal regions, looking in towns near major airports with good transport links and ensuring the location enjoys a steady year round tourist trade even out of season are all going to help you make a good return on your investment.