Spain continues to show the economic growth. Another sign that the Spanish economy is recovering is the increase of profitability of all types of real estate.
During several months already extends the idea that the Spanish economy is improving, and now this information is beginning to obtain the necessary data to confirm: invest in property in Spain has improved its prospects of any asset class and offers higher profitability than 12 months ago, according to a report by property website Idealista.
Although the offices are the product which in the last year has seen a significant increase in gross profit, since in March 2014 the gross return was by 5.6%, and a year later increased to 6.7%, the commercial premises remain the most profitable investment that offers high profitability to its owners.
Buy a commercial property in Spain for rent offers a gross income of 7.2%, from 6.3% a year ago. Conversely, the less attractive product among properties are the garages that have completed the first quarter of 2015 with a margin of 4.5% compared to 3.6% in March 2014.
What can we say about the residential property in Spain? In this case, we can say that it is situated on the halfway: investing in a house for rent in Spain offered at the end of the first quarter of 2015 the gross profitability of 5.3% compared to 4.7% twelve months ago. In any case, the profitability of any property in Spain, in the worst case, is much higher than that offered by government bond purchase up to 10 years, which has the profitability of 1.4%.
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