Looking to buy investment property in Gijón? It’s a sound choice, yet one that must be executed correctly. This article tells you about buying investment property in Gijón, the types of deals available and the likely returns. Remember, buying property in Gijón has, on average, yielded in excess of 8% returns per year, and significant capital asset growth.
Buying investment property in Gijón with cash outright is also a sure fire hedge against any rise in interest rates. Some investors look to buy properties in need of renovation or a change of purpose. They then renovate those properties and rent them out on a long term or short terms basis. Many investment properties in Gijón are purchased by non Spanish Nationals and are either used as a holiday homes or straightforward by and hold investments in Gijón.
Once these properties have been renovated and rented then investors in Gijón may refinance the property by taking a mortgage over the property at a higher value, using the income to pay the mortgage and reinvesting the profit from the deal into more property in Gijón or elsewhere.