I’ll be talking about the best cities to invest in real estate in Spain in this article. The reasoning for this is that Spain is quite underrated when it comes to investing in real estate and property.
I’m convinced that you’ll be more than happy to hear about these since they can bring passive income to you regardless of if you’re on the other side of the world or can help you find a location in Spain that you might consider living in or using for vacations.
Regardless of the reasons you are reading this article for, it’s a smart thing to read it fully since you might find a lot of Spanish cities you would otherwise overlook.
There’s a vast list of these cities you should take into consideration and choose from. Some are cheaper than others overall, and some are quite profitable in the sense of getting more than you invested if you’re looking to just turn the profits.
Without further ado, let’s jump into the list of these cities and the reasons you should consider them for!
Barcelona
This is one of the most popular cities in Spain not just because of its amazing beaches, but because of many other factors.
Some of the most hospitable people are said to live in Barcelona and that the whole city has a feel that no other cities have in the rest of the country.
Besides that, although being 33,2% above the average prices of real estate in the world according to 2014 research, it’s still quite profitable to invest in this city since the prices of the properties there are still dropping.
Since the prices are still dropping, maybe it would be best to follow the domestic market and wait for the best opportunity for buying a property.
Valencia
Being the third largest city in all of Spain, Valencia seems like a never-ending real estate market. Places that have many inhabitants naturally have much more properties.
This might give off the impression that most of the houses and apartments are already in use, but don’t let that mislead you – the population of Valencia is rising, and so is the need for housing.
You, as an investor, should take advantage of this situation and consider buying a property there.
New apartments and houses usually sell for much less than their value there since the goal of the investors in such big cities is to turn profits in the shortest time period possible. Turn that into something worth it for yourself!
Madrid
Some of you might be surprised (but the majority of you won’t) to find out that Madrid has become the third most attractive city for real estate investors all around the world.
An interesting piece of information is that over two thousand foreign real estate agencies have invested in Madrid.
Cities like Paris, Amsterdam, and Berlin have been neglected as a result of this, but the prices of properties in Madrid didn’t change all that much. So, if you like to be in the same basket with some of the bigger real estate investors, you should definitely think about investing in Madrid.
Not all people are attracted to capital cities real estate-wise, but some of you might be highly interested in doing exactly that.
Seville
Seville is one of the most underrated cities in Europe when it comes to real estate investing. The constant growth in housing units is quite favorable for potential real estate investors that come from all around the world, and not only Spain.
South Spain is regarded as one of the most beautiful parts of Europe, and tourism is quite developed in that part of Spain.
This allows you not only to buy houses and apartments just to sell them or for personal use, but for seasonal renting which can bring quite a profit in the summer season.
Seville is also known for its artistic history, so many people like to visit it even if they’re situated in other cities not far away from this city. This also provides you with a good potential short-term profit.
Bilbao
People who love museums and landmarks are sure to visit Bilbao and its vast assortment of these kinds of things.
People who like to enjoy a beautiful city that lacks tourists for the majority of the year are destined to consider investing in Bilbao real estate.
If you’re one of those people and like to enjoy a peaceful city that is full of history and monuments, you should definitely add Bilbao to your list of Spanish cities that you will potentially invest in.
Best Cities To Invest In Real Estate – Prologue
As you can see, there’s quite a big number of Spanish cities that are worth considering when it comes to real estate investments.
Europe (and especially Spain) is quite popular, but the prices of properties haven’t reached the unbearable prices that they are destined to in a couple of years.
This leaves you with some space to make up your mind and see which of these cities you’re interested in when it comes to investments.
An apartment or two might be a good choice if you’re looking for a source of passive income, but a house in the middle of southern Spain might be a perfect spot to call home during the summer – it’s all up to you and your preferences, but there’s something for everyone!
META DESCRIPTION: Some of the best cities to invest in real estate include Barcelona, Valencia, and Madrid. Read all about their benefits right here and make your decision.
