These are owners who rent out their homes.

climb interest rates An increase in the Euribor rate or increasingly higher house prices are not sufficient reasons to curb the demand for property purchases.. And this is still very strong in our country, despite the current economic situation and the increase in prices for sold housing, which in December amounted to 2,203 euros per square meter per month. So much so that Sales of houses carried out in Spain in 2023 already exceeded 500,000 transactions in October last year. According to the latest data published by INE.

This dynamism of the sales market in Spain is due to two main reasons. The profitability of housing in our country continues to remain very high – in mid-2023 it was 6.6%, according to data from the real estate portal Fotocasa. The second reason is that Spanish brick continues to be a safe haven in the eyes of buyers in which to invest their money.as the real estate market offers much higher returns than any other financial product.

In addition to large investors and foreign home buyers, The new figure of small investors has emerged with forcewho, in conditions of economic uncertainty, prefer to purchase real estate for renting it out.

While first home buyers continue to lead real estate sales, small non-professional investors are increasingly appearing in the housing purchase and sale market. “Near Individual investors who have saved money and decided to use it to purchase real estate gain reliable long-term profitability and, in addition, own a property that will appreciate in value over time,” says the real estate portal.

Typically, four out of five property owners own only one property. The number of people with more than one home has increased as they already make up 20% of the total.. Of those who own two houses, 33% of owners rent them out, while only 8% have one of them empty. Instead of Of people who own three or more homes, 70% rent them and nearly three in ten of them keep one empty. Of all owners who own more than one property, 9% – those who rent out their property, supports a real estate portal.

But what is the profile of these small investors? The majority of these investors are men (56%) from Catalonia, Madrid or Andalusia, with an average age of about 48 years. Moreover, their socio-economic level in six out of ten cases is average or high. The vast majority have a gross household income of more than €3,500 per month.. Half the time they live with their partner and children and decide to buy a house in the same city where they live.