New real estate in Spain: a profitable investment
Spain is one of the most authentic and interesting countries in Europe. People from all over the world are moving here for permanent residence. They are attracted by stunning sunny weather, the Mediterranean Sea, and world-famous attractions. Spain also appeals to foreigners with many options of luxury real estate suited to every fancy.
What kind of property is worth buying?
Newbuilds are the most promising and attractive real estate in Spain. They are great investment options, as they grow in price on average by 5-7% per year. Newbuilds are also in high demand among tenants and bring a stable income to their owners.
Besides financial benefits, buying newly built apartments in Spain allows you to live in a warm and sunny country with a mild climate and good environment. Having a property on the Mediterranean Sea coast, you can enjoy the best European beaches all year round. Foreigners can buy new buildings in Spain from the developer of all types: flats, apartments, private houses, cottages, and villas.
Where is it better to buy new real estate?
There are newbuilds in all cities and regions of Spain. For those, who look for holiday accommodation, the Realting.com platform offers real estate in popular resort areas such as Los Cristianos, Ibiza, or Tenerife. There are mainly villas and cottages with a swimming pool.
The metropolitan cities of Madrid and Barcelona also have excellent options for new housing. There are private houses or apartments in a new building in Spain with all the necessary facilities. This is a good option for foreigners, who have come here to work in large companies or study at local universities.
What is special about newbuilds in Spain?
New housing has many obvious advantages:
- high quality of construction: local developers often use expensive construction and finishing materials;
- creative design and spacious layouts;
- developed social infrastructure (gyms, saunas, beauty salons, and other amenities are in residential complexes);
- complete security: most of the facilities are guarded around the clock.
The cost of new houses and apartments in Spain is quite high. On the Realting.com platform, the price of a square meter varies on average from €3300 to €5800. However, this price includes a fully renovated furnished property with household appliances.