The Spanish Mediterranean coast is very attractive for home investors and commercial premises investors.
In Spain, "The price in euros per square meter of home sales on the Spanish coast is practically 14% higher than the national average value," explains Enrique Toribio, director of Business Development at uDA. A house of 70 square meters costs 117,530 euros on average in Spain, compared to 133,910 euros on the coast.
And the same happens with the investment in new construction properties in Spain, studying the investment area with a good real estate advisor is the first step when investing in a spanish home. You should always study the best municipalities for your investment to be successful.
We have already discussed that an investment in a municipality with high profitability is a good first step, but keep in mind that, since the start of this rise in property prices of an area; your investment benefit will gradually decrease every day.
The Naranja Spain team recommends that you develop your ability to be a visionary, train yourself and grow in this area, since it is the key to any economic investment.
It is generally recommended not to exceed 40% per month of your monthly cash flow, salary or income.
Make a personalized study on the purchase budget based on your current y near futureincome, make a study of your salary , mortgage index, etc.
If you can invest in a commercial premises, don't doubt and go for it, commercial properties are the way to go.
We always advise you to consult with any investmentexpert; either with a real estate investment agent for homes and commercial premises, or a specialized financial advisor. Hiring this service will give more solidity to your investment.