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
€ 1 470 000
House, For sale
ID: ES-124-165045
Spain, Barcelona, Sant Cugat
€ 718 200
Apartment, For sale
ID: ES-124-164638
Spain, Barcelona, Barcelona old town
€ 1 059 000
Apartment, For sale
ID: ES-124-164637
Spain, Barcelona, Barcelona old town
€ 920 250
Apartment, For sale
ID: ES-124-164636
Spain, Barcelona, Barcelona old town
€ 904 050
Apartment, For sale
ID: ES-124-164635
Spain, Barcelona, Barcelona old town
€ 460 000
House, For sale
ID: ES-163-164633
Spain, Costa Blanca, Torrevieja
Special offers of real estate abroad
- upon request
- Commercial apartment building, For sale
- ID: LV-143885
- Latvia, Riga, Centre
For sale Exclusive Household in the center of Riga
- € 800 000
- Apartment, For sale
- ID: LV-163935
- Latvia, Riga, Centre
Dreaming of living in a brand new premium townhouse overlooking a park with a pond in the very center of Riga?
- € 2 150 000
- House, For sale
- ID: LV-77877
- Latvia, Jurmala and region, Bulduri
For sale luxury villa near the sea in Jurmala
- € 2 250 000
- House, For sale
- ID: IT-39-99453
- Italy, Lombardia, Milan
Historic Farmhouse with Private Park in Peschiera Borromeo (Milan, Lombardy)
- upon request
- Apartment, For sale
- ID: OW-OAE-133859
- UAE, Dubai, Business Bay
Beautiful apartment in one of the top buildings by premium developer Select Group called the Edge.
- € 550 000
- House, For sale
- ID: ME-103-100396
- Montenegro, Budva riviera, Krimovica
Two new villas in Krimovice
- € 399 000
- Apartment, For sale
- ID: TH-245-157230
- Thailand, Phuket, Bang Tao
1-Bedroom Luxury Apartment with Private Garden and Jacuzzi near the ocean – 82 sqm of Eco-Friendly and Wellness-Focused Living
- upon request
- Penthouse, For sale
- ID: CY-193-98877
- Cyprus, Limassol, Limassol Coastal road
Luxury residence for sale in Cyprus
- upon request
- Apartment, For sale
- ID: LV-163139
- Latvia, Jurmala and region, Bulduri
Unique apartment at the sea side in Jurmala – worse to see.
