Lleida in Spain is leading in property yield

Lleida in Spain is leading in property yield

In the second quarter of 2013, the return on rental housing in Spain has reached about 4.6%, according to ee24 Daily citing Idealista. In Madrid, the yield is 4.2%, in Barcelona — 4.1%, and in Lerida, which was the most profitable province in Spain, as many as 6.2%!

Seville (4.4%) and Zaragoza (4.3%) are the leaders in terms of profitability among large cities. The least profitable are Bilbao and Valladolid (3.9% and 4%, respectively). And in Valencia the rental yield is 4.2%.

As for small towns, in addition to Lleida with 6.2% yield, there are Las Palmas de Gran Canaria, Huesca and Alicante (4.7%), Cordoba (4.6%), Cuenca, Badajoz and Huelva (4.5%).
The least profitable to take shelter is A Coruna (3.1%), Ourense and San Sebastian (3.2%), Lugo (3.3%) and Santander (3.4%).

Ensinar Fernando, head of research at Idealista.com, said that prices for purchase and rental of real estate are falling at different rates: the cost of sales decreased steadily, and it is expected that this trend will continue for a long time. The expert also notes that the enormous difficulties in obtaining credit are forcing many to opt for rental.