Looking to buy investment property in Granada? It’s a sound choice, yet one that must be executed correctly. This article tells you about buying investment property in Granada, the types of deals available and the likely returns. Remember, buying property in Granada has, on average, yielded in excess of 8% returns per year, and significant capital asset growth.
Buying investment property in Granada 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 Granada are purchased by non Spanish Nationals and are either used as a holiday homes or straightforward by and hold investments in Granada.
Once these properties have been renovated and rented then investors in Granada 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 Granada or elsewhere.