The profitability of the property for rent
The price of m2 of a property for rent can vary a lot according to the autonomous community, the neighborhood and the street in which the property is located. In Spain, the most expensive homes are of course in Madrid and Barcelona. We are going to make a small breakdown of the rental prices per m2 in some of the main cities of Spain and we will make the comparative of the profitability that the properties offer well they are homes or commercial premises.
In Madrid, the Calle Serrano known as the area with the most expensive houses to rent with a price of 32 euros per m2, which means that a flat of about 180 m2 can reach 5.600 euros for rent price.
Barcelona would be in second place inside the ranking of the most expensive rental apartments with a price of 29 euros per m2 in the popular and cosmopolitan Paseo de Gracia, where a flat of about 150 m2 reaches 5,350 euros per month, but this is not an impediment to the remarkable growth of the rent of flats in Barcelona.
Pamplona and Santander can reach more than 20 euros per m2. Marbella and Cádiz reach 17 euros per m2, while Bilbao and San Sebastián register about 16 euros per m2. All these homes exceed 2,000 euros ofmonthly rent in homes of 120 m2.
Profitability of properties for rent
The rental of commercial premises currently gives a margin of return of 6.9% and a 6.7% in the rental of offices. Housing for its part provides a 5.3% profitability, having increased its profitability that was previously at 4.3% and expected to continue to grow in the coming years.
The rent of premises of greater profitability are located in the city of Malaga with 8.7% of profitability, Madrid with 7.4% and Barcelona with 7.2%.
Once again, you can see that the rental trend continues to remain strong and more and more people decide to allocate a property to rent. From No+Lloguers we offer you the help of the best professionals so you can rent your property quickly and safely.