Real estate investment: how to invest in buying a property
The housing market recovery is a fact and today, there many opportunities for real estate investment. In this article, we offer the keys to making your purchase profitable in the medium term.
First, choose the town where you want to buy the property. Real estate in S’Agaró offers access to homes with prospects for increases in market value. Luxury properties on the Costa Brava are an excellent investment for the future, thanks to the high demand in the area and the target sector of population that it attracts.
Second, it’s essential to know how to choose the area of the town or city. To give you an example, in the city of Barcelona, a home in the district of Sarria-Sant Gervasi will have a higher market value than one in Nou Barris.
Thirdly, the condition of the property is critical. It may enjoy an excellent location and have the potential for an increase in value, but if renovation is necessary, you will have to reduce the price. Other factors such as the terrace, views or floor space of the building can also be important.
Another point to consider is the planning regulations of the municipality. This is very important, and you have to make sure that the property is legally built. In urban areas, there is usually no problem, but you should be sure to find out whether the municipality has produced a town plan regarding land use (PGOU).
Finally, we suggest that you check the overall prospects in both domestic and international markets. As a rule, the centres of large cities set the trend for what we can expect in the rest of the region. To conclude, it must be said that investing in real estate is a way of increasing our future wealth as long as we know how to buy judiciously.