In the first half of 2023, foreigners purchased every fifth apartment in Spain, according to the Idealista publication. Statistics show that the largest number of buyers of Spanish real estate comes from citizens of the United Kingdom, Germany, and Morocco.
Foreigners actively buying real estate in Spain, while rentals in the country reach historic highs
One of the reasons for such active demand from foreigners is the opportunity to obtain a residence permit when purchasing residential or commercial properties worth €500,000 or more. This attractive offer allows foreigners to own property in Spain while legally residing in the country.
RENTAL COST INCREASE:
It's interesting to note that acquired real estate can be rented out, serving as an additional source of income for owners. According to Spanish media reports, the cost of renting houses has increased by 10% over the past year. Currently, the average cost of renting 1 square meter in Spain is €12.1 per month, which is the highest figure in the country's history.
The rise in rental costs can be explained by several factors. Firstly, Spain attracts many tourists, and many of them prefer to rent accommodation instead of staying in hotels. Secondly, the growing demand for rental properties is also related to the increasing number of foreign buyers who rent out their properties to generate additional income.
ADVANTAGES OF THE REAL ESTATE MARKET IN SPAIN:
Overall, the real estate market in Spain continues to attract the attention of foreign investors and buyers. The opportunity to obtain a residence permit, along with the increasing rental costs, makes Spanish real estate an attractive capital investment and a source of income.
The experts at Mercury Group will assist you in finding the finest properties in Spain, handling legal matters, and offering our investors a complete range of concierge services.
Properties in Spain
€ 660 000
Apartment, For sale
ID: ES-163-170797
Spain, Madrid, Madrid
€ 580 000
House, For sale
ID: ES-163-170796
Spain, Costa Blanca, Benidorm
€ 990 000
House, For sale
ID: ES-500-170354
Spain, Costa del Sol
€ 1 580 000
House, For sale
ID: ES-124-170254
Spain, Barcelona, San Justo Desvern
€ 8 500 000
House, For sale
ID: ES-248-170129
Spain, Costa del Sol, Nueva Andalucia
€ 1 690 000
House, For sale
ID: ES-248-169997
Spain, Costa del Sol, Marbella
Special offers of real estate abroad
- € 720 000
- Apartment, For sale
- ID: LV-163935
- Latvia, Riga, Centre
Luxury iving in a brand new premium townhouse overlooking a park with a pond in the very center of Riga
- € 5 995 000
- Apartment, For sale
- ID: ES-248-169991
- Spain, Costa del Sol, Marbella
Gazania 31, modern duplex apartment in Puente Romano.
- € 33 540 000
- Penthouse, For sale
- ID: OW-OAE-165616
- UAE, Dubai, Dubai Marina
THREE LEVEL PENTHOUSE WITH STUNNING VIEWS IN DUBAI
- upon request
- House, For sale
- ID: LV-1529
- Latvia, Jurmala and region, Asari
Feel atmosphere of the Baltic sea resort! Private scandinavian style house for sale in Jurmala.
- € 2 200 000
- House, For sale
- ID: IT-39-129702
- Greece, Aegean Islands, Alonisos
Seashore villa for sale with pool and garden - Alonissos, Greece
- upon request
- Apartment, For sale
- ID: LV-163139
- Latvia, Jurmala and region, Bulduri
Unique apartment at the sea side in Jurmala – worse to see.
- € 3 300 000
- House, For sale
- ID: IT-39-168093
- Greece, Cyclades Isnads, Andros
WONDERFUL RENOVATED VILLA WITH SEA ACCESS - ANDROS (CYCLADES), GREECE
- € 2 250 000
- House, For sale
- ID: IT-39-99453
- Italy, Lombardia, Milan
Historic Farmhouse with Private Park in Peschiera Borromeo (Milan, Lombardy)
- € 2 800 000
- Mansion, castle, estate, For sale
- ID: IT-39-165406
- Italy, Toscana, Siena
FARMHOUSE WITH POSSIBILITY OF SPA CENTER IN VAL D'ORCIA
