05/16/2019 12:04 – Updated: 05/20/2019 21:54
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With the summer just around the corner and booming for the tourist rentalWhich areas of the Spanish coast are the most attractive to buy and rent? Which ones offer the best returns?
According to DE Fotocasa data, the most profitable destinations are not found in the hottest towns or markets where, although rental prices are very high, it is also very expensive to buy. Algeciras (Cádiz), Tortosa (Tarragona), San Fernando (Cádiz) and Cartagena (Murcia) have become the coastal municipalities with the highest profitability, above the national average of 5.4%.
“The profitability of coastal housing It has been increasing year after year. Acquiring a property owned in a coastal area to rent it is becoming more profitable. If the average profitability in Spain currently stands at 5.4%, in many coastal municipalities this profitability is exceeded, and long. This is the case of Algeciras, in Cádiz, which is positioned as the coastal municipality with the highest profitability, with an average of 6.6%, followed by Tortosa (Tarragona), which has an average profitability of 6.4% “, he points out Beatriz Toribio, director of studies at Fotocasa, who has carried out an analysis using the data on the price of the house for sale and for rent announced on its website.
So after Algeciras and Tortosa, the municipalities of San Fernando, also in Cádiz, Cartagena (Murcia) or Sagunto (Valencia) are the ones with the highest returns, in this case the three have a 6.2% return.
At the other extreme, municipalities such as Zarautz (1.2%), Nerja (2.1%), Roses (2.4%), Jávea (2.5%) or San Sebastián (3%) are the municipalities that least profitability they offer, well below the national average of 5.4%, a percentage that has slightly decreased compared to 2018, when buying a home to rent offered a return of 5.8%. That is, in one year, the percentage has decreased by 7%, the first decrease in 10 years, which is explained by the less growth in rental prices We have been attending since the end of 2018. And it is that, after three continuous years of sharp increases in the average rental price, 2018 closed with an average year-on-year growth of 1.8% compared to the 9% rise in 2017.
Catalonia, the most profitable autonomous community
By communities, the latest data from Fotocasa placed Catalonia, Valencian Community, Murcia and Madrid as the most profitable to buy a home and put it up for rent. Thus, Catalonia offers a profitability of 5.8% (compared to 6.7% in 2018 and 6.5% in 2017). In one year, profitability in the Catalan community has fallen by 13%. The second most profitable is the Valencian Community, with an average profitability of 5.7% (compared to 5.9% in 2018 and 5.4% in 2017), followed by Murcia, which has a profitability in 2019 of 5 , 6% (compared to 5.7% in 2018 and 2017), and Madrid, which has a profitability of 5.5% in 2019 (compared to 5.9% in 2018 and 5.8% in 2017).
As for cities, in February 2019, Hospitalet de Llobregat was the most profitable in the country, with 6.3%. They are followed by Córdoba (5.6% compared to 5.7% in 2018 and 5.6% in 2017) and Zaragoza (5.3% compared to 5.2% in 2018 and 5.3% in 2017) as the most profitable municipalities to buy a home and put it up for rent. At the other extreme, the municipalities with more inhabitants and less profitable to buy a home are Vitoria (3.4% compared to 4.3% in 2018 and 5.1% in 2017), A Coruña (4% compared to 4 % of 2018 and 3.8% of 2017) and Barcelona (4.3% compared to 4.5% in 2018 and 4.6% in 2017).
The most profitable district in Spain, Villaverde
On the other hand, Fotocasa’s analysis also offers data on the most profitable districts to buy a home and put it up for rent in Madrid and Barcelona. Thus, the analysis shows that the most profitable district in the country is Villaverde from Madrid, which reaches 7% profitability. On the other hand, the least profitable district Both cities also belong to the city of Madrid and it is the Chamartín district, which shows a profitability of 3.5%.
On the other hand, both Villaverde (7% compared to 7% in 2018 and 6.9% in 2017) and Chamartín (3.5% compared to 3.7% in 2018 and 3.9% in 2017) are the districts with higher and lower profitability to buy a home and rent it in Madrid.
In the city of Barcelona, the most profitable district continues to be, after seven consecutive years, Nou Barris, which achieves 5.9% (compared to 6% in 2018 and 6.4% in 2017) profitability. On the other hand, the least profitable district for five years in Barcelona is Les Corts, which has a profitability of 3.9% (compared to 3.6% in 2018 and 3.7% in 2017).
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