Where in Spain is it better for Ukrainians to buy real estate

The Spanish real estate market is quite variable and is represented by a variety of properties with a wide price range. Housing prices directly depend on the region and type of real estate. Therefore, it is impossible to give a clear answer to the question: where is the best place to buy real estate in Spain ? To decide on the region , you should rely primarily on the purpose of the purchase and, of course, the budget.

Best Locations in Spain

Based on such criteria as developed infrastructure, transport accessibility, comfortable living conditions, real estate prices , preference should be given to Madrid, Barcelona, Alicante, Malaga.

1. Madrid

The capital of Spain in the center of the Iberian Peninsula is a model of modernity and is considered the heart of the country . Thanks to its well-developed transport interchange, you can easily get to any major city from Madrid . The capital also has an international airport – one of the largest in Europe. Museums, palaces, picturesque parks, football clubs and other attractions attract thousands of tourists. Of course, real estate in the capital is the most expensive, but its payback is higher than in other regions . And many apartment owners live by renting out their living space .

2. Barcelona

The capital of the autonomous region of Catalonia is considered the innovative center of Italy and is famous for its high investment potential. Real estate in Barcelona is in high demand among both tenants and buyers. Investors from other countries invest capital in both commercial areas and in housing in Spain for rent . Leading Italian universities, business schools and international educational institutions are concentrated in Barcelona. Therefore, the city attracts foreigners not only as business immigration, but also with the opportunity to receive a European education.

3. Valencia

The city wins in terms of affordable real estate prices compared to Madrid and Barcelona and is becoming increasingly popular among foreigners. Moreover, there are no fewer opportunities for work and study here. Valencia attracts many tourists with amazing “golden” beaches and unique architectural objects . The combination of historical heritage and incredibly beautiful nature increases the value of the region and every year the number of vacationers and immigrants is growing.

4. Alicante

The province extends along the entire coastal area from Denia to Torrevieja, where many tourists flock. Even the business in this coastal strip is focused on tourism and related economic sectors. Alicante is actively developing the urbanization process, and the secondary market offers housing with already issued tourist licenses.

5. Malaga

The province is a center of elite recreation. Prestige and comfort are the priority goals in the construction sector. Housing in Malaga is distinguished by competent zoning of space, convenient planning and functionality. But it is important to note that the sea in Malaga is cold and only in the height of summer the water becomes comfortable for swimming. In this regard, of course, Alicante wins with a long active swimming season – from May to October. If you want to become a rentier and are wondering whether it is profitable to rent out an apartment in Spain , pay attention to these regions .

Directions for investment in real estate in Spain

Many buyers of Spanish property are betting on passive income and buying real estate for rent . Demand for rental apartments in Spain exceeds supply , especially in large cities . Spanish apartments are always easy to rent and much faster than in the case of resale – this, of course, takes time. Tax benefits also add to the attractiveness of the rental business. Resident owners can count on benefits of 60% on income tax. The highest priority among tenants is considered to be apartments with two and three bedrooms. One-room apartments are no less popular, but the rotation of tenants is more active. Analysis of the real estate market in Spain shows that the highest profitability is inherent in objects that combine important characteristics:

• quality and functionality of living space;
• availability of your own parking space;
• transport accessibility;
• proximity to urban infrastructure;
• advantageous location of the apartments, etc.

Large investors are focused on the construction of residential complexes for rent, which provide both standard apartments and student housing. Tenants often have the option of “ rent with the right to buy”. In Spain, residential buildings with a condominium concept are also common with additional options: constant medical staff on duty, emergency call buttons in apartments, physiotherapy procedures, health gymnastics, etc. The availability of these services attracts wealthy pensioners who want to buy housing in such residences, where they can always count on receiving medical care. There is also demand for buying apartments in Spain in order to profit from subsequent resale. The annual return on investment averages 6-12%. depending on the type of property, distance from the sea, area, etc. This direction is popular among investors who count on a short investment cycle and faster turnover of funds.

How to choose a city in Spain to buy real estate

To decide where to buy a property in Spain , first of all, you should consider the purpose of the purchase and the budget. If your goal is to get a good capital increase on the resale of the property or to become a rentier, then Madrid and Barcelona are considered the leaders in demand for villas and apartments. They are followed by Tarragona, Malaga, Lleida, Toledo, Valencia. In these regions, demand traditionally exceeds supply , so liquid properties are both rented out and sold in the shortest possible time. If you are looking for an inexpensive apartment and want to live in a Russian-speaking area of Spain, pay attention to the province of Torrevieja, south of the Costa Blanca, where you can buy comfortable two-bedroom apartments from €73,000. In general, the highest rates of housing purchases by Russian-speaking citizens are recorded along the entire Mediterranean coast in Spain. Leave a request on our website with the desired parameters and purchase goals and the managers will send you a selection of properties that meet your wishes and budget. Also, the specialists of the licensed real estate agency Deniz Estate will help with the preparation of documents for the property you are purchasing and ensure the legal purity of the transaction.