Page 24 - Property Portfolio - October 2019

NewsDigest Property Portfolio, in conjunction with property
portals Kyero & Tinsa, and press articles
relating to Spain, brings you a few of the news
headlines with a property and economic bias.

Property Investments Gain Positive rOI

Housing rentals in Spain continue
to prove a profitable asset for
investors who want to get the most
‘return on capital’. With interest
rates currently in decline, the stock
market uncertain in the current
economic conditions, results and
peace of mind with property rentals
looks to be the right answer. One
of our clients, Teamstar Holiday
Rentals in Nerja, quote a 30%
year-on-year increase in rental
income for their owners so far in
2019! If you want to maximise
your 2020 rental potential, you
can contact them at: owners@
teamstarholidayrentals.com,
www.teamstarholidayrentals.com.
If you’re looking for a property to
buy in order to rent out, flick through
the pages for Coastal, Mountain, remote or village properties for all budgets. (photo supplied by
Teamstar Holiday Rentals, Nerja) n
Where is driving growth?

While in recent quarters we’ve seen price increases driven by higher priced regions such as the
Balearics and larger cities such as Barcelona and Madrid, there is a definite shift occurring. As
the capital city, it is unsurprising that prices continue to rise strongly in Madrid, up 6.5% annually,
albeit showing 3% slower growth
in this quarter than the last. But
neither Barcelona (Catalonia) nor
the Balearics appear among the
top five regions in terms of annual
house price rise in Q2. Instead
regions driving growth are Aragon
(6.7%), La Rioja (6.2%), Andalucia
(5.6%) and Murcia (5.5%). (source
Kyero) n

24 Portfolio