Thanks to growing demand for clients who are looking to purchase commercial property in Barcelona, since 2010 we have a department specialized in commercial property. Starting then, Lusa Realty has worked with either already rented and currently available properties, selling hotels and hostels with or without tour operators, buildings to be reformed, and land where chalets, apartments, and individual houses can be built.
Clients interested in purchasing commercial property hope to acquire a profitable property. The profits from these properties varies between 4.5% and 7%, without the respective tax (equivalent to 25% of the cash profit).
When the purchase is made, the return on the property increases. The average is 2-3% or more, depending on the city’s popularity, number of visitors, and demand from other investors. In Barcelona, there are areas where properties increase in price year after year. These areas include Paseo de Gracia, Rambla Catalunya and all the streets perpendicular to them: Avenida Diagonal, Rosellón, Provenca, Mallorca, Valencia, Aragón, Consejo de Ciento, Diputacón y Gran Vía. Along with Plaza Catalunya , Portal de Ángel ,calle Pelayo and Las Ramblas. Here, any investor can find a decent property that will bring them returns when re-sold, or if they decide to rent it. The profitability will be around 5 or 6% a year, not including taxes.
You could also consider using the commercial property as a deposit, which means you can obtain 50-60% financiation with respect to the sale price with a 2% annual interest rate. IN this instance, the profitability will increase to 8 or 9% a year, which makes it an even more attractive investment opportunity.
Lusa Realty continually expands its offer of commercial property of different types, including operative businesses, store locations to rent, buildings, hotels, development projects, and land. We’re always available to search for properties for a client that will best match their profile. Our professionals will answer any questions or concerns you might have.