In Spain, a new trend has been observed recently, such as investing in parking spaces. It is assumed that by 2022 the idea will gain even more popularity in the country due to various factors.
The most attractive thing for a novice investor here is that you can start with a small amount of investment and quickly get a permanent profit. What cannot be said about investments in real estate.
One of the places where you can buy a parking space or entire parking lots is the company Parking Ya!, i.e. a pioneer in a sector with a long history that began back in 1999.
As we have already written above, you do not need a large amount of money to buy a parking space, and, therefore, you do not need bank loans. Another advantage is that the operating costs are minimal.
The profitability of a parking space depends on several factors. One of the important ones is the location. In Spain, the greatest demand is observed in the cities: Madrid, Barcelona, Valencia or Seville. The yield can range from 4% to 6%, depending on the success of the purchase.