Lavapies (Madrid), a right option for low budget investors?
Thursday, February 10, 2011 @ 2:46 AM
www.thespanishbrick.com
Spain is becoming a reference for spanish property investors willing to buy affordable properties. To find a property investment at a low price is a must. The option Buy To Let in specific areas is a strong one. The Spanish Brick has analized in this article the potential of an area in Madrid centre: Lavapies. Being honest, Spaniards are lookig for Apartamentos en Londres since London is a better investment. Nevertheless, Spain always offers a good life style combined with a reasonable property investment
In the heart of Madrid, Lavapies is a cosmopolitan area with plenty of amenities, clubs, restaurants and small retailers. There are two different points of view about Lavapies: either you love it or you will never live there. The fact is that the population density is very high and about 50% of the population is not Spaniard.
If we had to compare Lavapies with an area of London, I would choose Bethnal Green.
Potential rental yield
The rental market in Lavapies is very competitive and we estimate that a studio flat will be easily rentable for €400/month (5.3% yield) up to €500/month (6.6% yield). We have estimated the rental yield using an assumption that the selling price will be €90k. There are affordable options. Inversión inmobiliaria
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