Buying a home to put it up for rent continued to be profitable in 2021, although a little less compared to 2020. Thus, the gross profitability of buying a home to put it on the rental market in the last quarter of 2021 stood at 6 .9%. A year earlier, it had been 7.5% According to Idealist
Despite this decrease, and in the worst case, the return obtained multiplies by 15 the rates offered by the 10-year State Bonds, for example. In the latter case, it is 0.3%.
Of course, there are differences depending on the type of product. The most advantageous has been to buy an office to rent it. Its gross profitability reached 11.2%. A year ago, it was 10.8%. Locals also continue to offer good returns, in their case, 9.4%. It has practically remained unchanged, since in 2020 it was 9.3%. And finally, in the case of garages, it has slightly deflated: from 6.9% in 2020, to 6% in 2021.
The capitals with the highest returns
Returning to the issue of housing, there have been differences according to capitals. Thus, the most profitable has been Lleida (8.8%). They are followed by Murcia (8.1%), Huelva (7.9%), Santa Cruz de Tenerife (7.5%) and Almería (6.9%).
On the other side of the scale, the lowest returns in Spain are those obtained by owners of rental homes in San Sebastian (3.7%)Palma (4.5%), A Coruña (4.6%), Ourense, Madrid and Barcelona (4.7% in the three cases).
Locals are the product that has the highest profitability in almost all capitals, Idealista points out. The highest return is obtained in Lugo (12.6%). Next, Ávila (10.9%), Huelva (10.5%), Huesca (10.4%), Toledo (10.1%), Lleida (10%), Oviedo, Tarragona, Bilbao and Murcia (9 .9% in the four cases). In Barcelona and Madrid the rate stands at 8.6% and 8.1% respectively.
At the other extreme, Teruel is the capital where the profitability of the premises is lower, with 6.7%. They are followed by A Coruña (6.9%), Albacete, (7.2%) Salamanca and Zamora (7.5% in both cases).
In the chapter of offices, those of Seville are the ones that present the most interesting return among capitals: 13.8% gross return. It is followed by Toledo (9.3%), Huelva (9.1%), Vitoria (8.8%), León and Almería (8.5% in both cases). In Madrid, profitability drops to 6.9% and in Barcelona to 6.5%.
On the opposite side we find the returns of Granada and Bilbao (6.1% in both cases), Valencia (6.2%), Ourense and Córdoba (6.4% in both cities). The office market is not as uniform as that of other products, so it is impossible to obtain statistical data from almost half of the Spanish capitals, they qualify from Idealista.
Finally, garages are the least profitable product for the investor in many capitals. The highest profitability is obtained in Ávila (9.2%), followed by Castellón (8.3%) and Guadalajara (8.1%). In Barcelona the rate of return stands at 6.3%, while in Madrid it drops to 4.8%.
The capital with the least profitable garages is Salamanca, with 2.8%, followed by Granada and Ourense (3% in both capitals), Lugo (3.2%), Santander and Palencia (3.4% in both cases) .