Buying a property is a profitable investment. In the case of the first housing, it provides the buyer with a roof over his head, and he will own it after paying the mortgage. Subsequent investments bring short-, medium-, and long-term profits through leasing and resale.
Is it profitable to buy real estate in Malaga? The answer is ’Yes, it is,' according to experts. Recently, the Fotocasa portal has published a real estate rental price index in Spain, and Malaga is one of the provinces with the largest increase in rental prices over the year.
The average rental price of real estate in Malaga in March was 10.6 euros per square meter, an increase of 4.7% compared to December and 13.2% compared to March 2021. For example, the monthly rent will be 850 euros for a house of 80 m2. Of course, there are average figures, there are much more expensive properties, but it is becoming increasingly difficult to find a cheaper offer.
Malaga ranks seventh in the ranking of Spanish provinces with the most expensive real estate rental prices. Gipuzkoa ranks first with 15.63 euros per m2, followed by Barcelona (15.34), Madrid (14.29), Vizcaya (12.90), the Balearic Islands (12.10), and Huelva (11.29). However, Huelva entered this rating only after the quarterly figures changed by 30%.
Malaga, as already mentioned, is the leader in annual rental price growth among the major provinces. In Madrid, this figure was 2.8%, in Barcelona – 5.2%, and in Gipuzkoa – 6.3%. The economic indicators of Malaga are similar to those of Alicante, where the annual increase in rental prices was also high - 12%.