The following is advice for those who want to invest in property in Spain:

As a result of the rising Spanish economy, increasing rental prices, progressive revaluation of properties, and the tourist boom, real estate is now one of the most fashionable investment assets. properties

Around 10% of Spanish citizens who are currently looking for a new property are doing so because they want to put their money into the real estate market. These buyers are mostly middle-aged with an investment portfolio of between €100,000 and €150,000. 33% of survey respondents said it's best to buy a property in order to rent it, while 14% said the same about vacation rental, and lastly, 14% said it's better to refurbish and resell (12 percent ).

It helps to have prior knowledge of the market and to consult experts in the real estate sector when investing in Spain. To help with the process, Casaktua advises learning these six important things so you can do it better and achieve better profits:

Consider the pros and cons before making a decision: Should you buy to rent or buy to sell? The benefits of owning a property to rent include a predictable monthly income and a property that appreciates in value. Another option is a vacation rental. The advantages of this type of rental are guaranteed payment ahead of time, and more time to enjoy the property itself. Buying a property to resell later, meanwhile, presents a lower financial risk, since it can result in a larger sale price and a higher purchase price.

Invest in the type of property that meets your investment objective. Vacation rentals and executive rentals for flexible workers are best suited for furnished properties with one or two bedrooms. A well-distributed 2- or 3-bedroom, exterior apartment with an elevator and a parking space should be the best housing option for you to buy over the long term.

If you prefer to buy in order to sell later, Spanish cities such as Madrid and Barcelona are excellent locations. To avoid increased housing prices, it is also important to buy in cities that are experiencing revaluation, including Santa Cruz de Tenerife, Palma de Mallorca, Valencia, Malaga, Alicante, Pamplona, Gipuzkoa, and Murcia. The location is just as important when it comes to investing in real estate. The most expensive cities in Europe are Madrid, Barcelona, and San Sebastian. Such as the Costa del Sol, tourism-rich regions also make solid investment options for both kinds of investment. The driving factor is a rise in demand for second homes in beach communities and an increase in short-term rentals.

Remember: Established neighborhoods are the best place to search for homes. They are often found in areas that have inexpensive prices, a high demand for rent, good transport links, and nearby services. Other neighbourhoods adjacent to the M30 beltway in Madrid are proving to be an interesting place to live. A good investment is also made in university and business districts as they always have a demand. Buying a property in the city centre is the most obvious choice, but the investment required will always be higher.

Rental properties: Keep in mind that a property needs to be in good condition in order to attract tenants. You should also make sure the purchase price is low enough, and that there are no other issues with the property. It is the only way to increase the affordability of the remodeling. For a home makeover, the average cost is about 450-500 EUR per square meter.

To calculate profitability, you have to consider the initial investment plus additional expenses. Another thing you'll have to include is the taxes, the running costs, and distributing the profits to maintain the house (painting, electrical appliances, furniture, etc.). After you factor in all of the costs, you will be able to determine whether or not your Spanish real estate investment is a good one.