Buying a home and then renting it out had an annual return of 6.5% in Spain in 2022, according to data revealed this Monday by Fotocasa. The figure, based on the purchase and rental prices in December of the portal, varies depending on the province, with some surprise if you take a look at the national map.
"The yield on housing remains at very positive levels. Gross profitability was expected to reach a new maximum due to the rise in rents, with an all-time record in 2022, but the sale price has also increased", María pointed out. Matos, director of studies at Fotocasa. What ends up causing? "If both markets are bullish, the return on buying a home to rent out evens out," she added.
Putting an eye on the autonomies, there are six that remain above the average profitability. They are the Valencian Community (7.7%), Murcia (7.7%), Cantabria (6.9%), the Canary Islands (6.8%), Catalonia (6.8%), Navarra (6.6%) and Castilla y León (6.5%).
In more detail, in 2022 the provinces that have presented the highest profitability are Valencia, with 8.8%, Segovia (7.8%), Murcia (7.7%) and a group with Huelva at 7.6%. , Las Palmas, Avila and Toledo.
In a year of changes in the investment landscape due to the rise in rates and the fall in the markets, bricks have been a focus of investment for savers. "Many small individuals are betting on such a positive evolution after the pandemic as a refuge value," he added.
Taking a look at the map, you can see a rise in profitability in the provinces surrounding Madrid, since demand is moving outside the central autonomy due to the rise in prices.
At the city level, Gandía (Valencia, 10.1%) is the most profitable in Spain. They are followed by La Manga del Mar Menor (Murcia, 9.7%), Laredo (Cantabria, 9%), Torrelavega (Cantabria, 8.8%), Torrent (Valencia, 8.5%), Langreo (Asturias, 8, 5%), Tortosa (Tarragona, 8.4%), La Línea de Concepción (Cádiz, 8.2%) and Molina de Segura (Murcia, 8%). Complete the top ten Huelva (7.9%).
On the other hand, the most moderate returns are found in cities with the highest house prices, such as La Moraleja (Madrid, 3.7%), San Sebastián (Gipuzkoa, 3.9%), Tres Cantos (Madrid, 4%), Eivissa (Balearic Islands, 4.1%), Pozuelo de Alarcón (Madrid, 4.2%), Getxo (Bizkaia, 4.2%) and Sant Cugat del Vallès (Barcelona, 4.3%).
