Real estate markets in Madrid, Alicante and Valencia 2021
Identifying optimal areas for real estate investment is necessary for maximising the usefulness of managing a Spanish Golden Visa, for the short-term and long-term prospects. By investing in real estate, after a few years, you will be able to sell the asset for a profit. Although, you will still need to maintain another property asset that equals €500k or more.
With the Spanish Golden Visa, there are four routes of investment in order to obtain the visa. These include:
A property, or multiple properties, valued at more than 500,000 euros.
A minimum of 2 million euros on Spanish treasury bonds.
1 million euros in stocks or deposits in Spain.
Business projects that generate jobs, have a wider positive impact on an area or contribute to technological or scientific innovation.
Purchasing property assets are, typically, the most utilised mode of investment in the Spanish Golden Visa. This is due to the potential of greater returns that this investment provides to visa holders. Let us take a look at three areas in Spain that are beneficial for real estate investment. These areas include:
Madrid.
Alicante province.
Valencia.
Latest property data (2021)
Madrid
Total house sales: 19,733
Annual change ↑ 23.76% (Q1 2021)
Sales to international buyers: 7.62%
Annual change ↓ 2.52% (Q1 2021)
Domestic mortgage approvals: 9,120
Annual change ↑ 33.80% (Jun 2021)
Rentals index (cost of living): 109.000
Annual change ↑ 6.86%
Total population: 6,663,394
Annual change ↑ 1.30%
Alicante Province
Total house sales: 8,887
Annual change ↑ 2.72% (Q1 2021)
Sales to international buyers: 37.58%
Annual change ↓ 13.22% (Q1 2021)
Domestic mortgage approvals: 1,846
Annual change ↓ 3.50% (Jun 2021)
Rentals index (cost of living): 110.000
Annual change ↑ 10.00%
Total population: 1,858,683
Annual change ↑ 1.10%
Valencia
Total house sales: 9,204
Annual change ↑ 34.68% (Q1 2021)
Sales to international buyers: 13.34%
Annual change ↓ 6.56% (Q1 2021)
Domestic mortgage approvals: 2,940
Annual change ↑ 105.02% (Jun 2021)
Rentals index (cost of living): 111.000
Annual change ↑ 11.00%
Total population: 2,565,124
Annual change ↑ 0.70%
Total house sales (Q1 2021)
Sales to international buyers
Rentals index (cost of living)
Data compiled from kyero.com
“Thanks, BEA ALONZO for trusting us with all your real estate needs in Madrid and letting us help you with everything about the GOLDEN VISA program of SPAIN! The great thing about the program is that you can keep your Philippine Nationality while also having all the benefits of this investment.
This vlog was definitely unexpected!”