Investment Property in Les Corts

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Buying Investment Property in Les Corts?

Looking to buy investment property in Les Corts? It’s a sound choice, yet one that must be executed correctly. This article tells you about buying investment property in Les Corts, the types of deals available and the likely returns. Remember, buying property in Les Corts has, on average, yielded in excess of 8% returns per year, and significant capital asset growth.

Buying investment property in Les Corts 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 Les Corts are purchased by non Spanish Nationals and are either used as a holiday homes or straightforward by and hold investments in Les Corts.

Once these properties have been renovated and rented then investors in Les Corts 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 Les Corts or elsewhere.

How easy is it to buy investment property in Les Corts?

Buying an investment property in Les Corts might be more complex, but Spain is a very welcoming country for foreign buyers as foreign ownership of properties in Les Corts has really helped lift and stabilize the local economy.

The procedures for buying a property in Spain as an expat are relatively straightforward. Before buying, you’ll require a financial number, which can be obtained by visiting a police station with your passport. This is typically processed on the same day for Spanish or EU citizens, but may take a little longer for other nationalities.

Financing an investment property in Les Corts can be done by cash or mortgage charge. It is often easier for expats to finance the purchase from their home country. Pre 2008 many Spanish banks in Les Corts would lend to international investors although they have been reluctant to do again, so even now.

What is the average price of investment property in Les Corts?

Average property costs per square meter in Les Corts are €1,722 per square meter, representing a solid, year on year growth trajectory of 8%.

Map of Les Corts

Camp de Les Corts (Catalan pronunciation: [ˈkam də ləs ˈkoɾts]), commonly referred to as Les Corts, was a sports stadium in Barcelona, Catalonia, Spain. It was the home for FC Barcelona until the club moved to the Camp Nou in 1957. It was also the home of CD Condal for the club’s entire history.

Les Corts was built as a result of a long-term plan by the club president, Joan Gamper, to provide FC Barcelona with its own stadium. It replaced the Camp de la Indústria as the home of FC Barcelona. Inaugurated in 1922, the initial capacity was 20,000. The first game played at the ground was between FC Barcelona and St Mirren. On 13 May 1923 the stadium hosted the Copa del Rey final between Athletic Bilbao and CE Europa and on 21 December 1924 Les Corts hosted a game between Spain and Austria.

On 24 June 1925 the stadium was the scene of an incident that saw it closed for six months. During a game, FC Barcelona fans jeered the Spanish national anthem and then applauded God Save the King, performed by a visiting British Royal Marine band. The dictatorship of Primo de Rivera accused Joan Gamper of promoting Catalan nationalism. Les Corts was shut down and Gamper was expelled from Spain.

The stadium was the home of FC Barcelona during two of its most successful eras. During the 1920s with coach Jack Greenwell and players such as Paulino Alcántara, Sagibarba, Ricardo Zamora, Josep Samitier, Félix Sesúmaga and Franz Platko, the club dominated the Campionat de Catalunya and emerged as one of the top clubs in Spain. The club built on that success and also won the first ever La Liga while based at Les Corts.

By the late 1940s, FC Barcelona had outgrown Les Corts. The stadium had been extended on several occasions, reaching a final capacity of 60,000. However, there was no room for further expansion and in 1950 the club began to make plans for a new stadium, the Camp Nou.

Coordinates: 41°23′09″N 2°08′08″E / 41.38583°N 2.13556°E / 41.38583; 2.13556

Making Money on Investment Property in Les Corts

The best way to make money on Les Corts Property is via an expert international investment fund.

Your Financial Advisor or Accountant won’t bring you the opportunities because of course they won’t receive their greasy commissions.

Investment funds are not even allowed to advertise so you’ll never hear of them unless a friend recommends them.

You will need at least some experience with previous investments to be eligible and of course these funds are extremely picky about the investors they accept. They can afford to be. They don’t need your money, but they can put your money to work for you like never before.

Costs of buying a property in Les Corts

Fees for buying a property in Les Corts vary from area-to-area, and many are negotiable – for example, there are no fixed fees for lawyers or estate agents. Buyers must pay the majority of the costs, which are generally as follows:

  • Property transfer tax in Les Corts: 6–10% (existing properties) / VAT (or IVA) at 10% (new properties in Les Corts)
  • Notary costs, title deed tax, and land registration fee in Les Corts: 1–2.5%
  • Legal fees for buying investment property in Les Corts: 1–2% (including VAT)

The seller usually pays the estate agent fees in Spain. Estate agents usually charge their fees as a percentage, typically around 3% of the final sale price.

Who is the Best Real Estate Agent in Spain?

PRestates is a multi-award winning Luxury Real Estate broker in Les Corts, with a 18 year track record the agency has been directly or indirectly responsible for the largest volume of transactions in Les Corts in the past two decades.

Types of investment property in Les Corts

It is important to understand the main types of Investment Property in Les Corts

  • Undeveloped land in Les Corts
  • Commercial property in Les Corts
  • Residential real estate property in Les Corts
  • Operating property investment in Les Corts
  • Distressed property investment in Les Corts
  • Investing in a World Class fund with activities in Spain, and in Les Corts

Types of property investment deals in Les Corts

The main types of property deals in Les Corts are:

  • Buy to let in Les Corts
  • Buy to hold
  • Serviced Accommodation in Les Corts
  • Vacation Rentals in Les Corts
  • Commercial Property in Les Corts

The Most Successful Property Investment Fund 2020 : Click Image to Download Prospectus

Buy to hold in Les Corts

Long-term rental property in Les Corts is widely considered one of the best ways to diversify your property portfolio. So buying and owning property means much more than just investing in a single property, it can bring you a variety of benefits, such as access to a variety of investment opportunities and the benefits of long-term ownership.

While some investors in Les Corts may be confused or intimidated when they start, buying and owning property can be one of the best investments you can make if you do your due diligence before you start.

The rental income from investment property in Les Corts generates short-term income that can be used to pay off a mortgage or to invest money. The strategy of buying and holding property is one of the most common investment options.

The value of the Les Corts property will increase over time and the investor will benefit if he is willing to sell it later. The investor benefits from being bought in the expectation that the value of the property will rise over time.

Investors considering a Les Corts property purchase and holding strategy should do their best to calculate the potential income from renting out the property. The bottom line is that monthly income should exceed the cost of rent in the first year of ownership and annual rental income over the next five years.

If the investor plans to sell the Les Corts property later, possible profits should also be taken into account. Finally, any losses from taking out a mortgage or other type of property financing must be taken into account, as well as any gains from the sale.

Convert Les Corts property to Holiday Accommodation

For property investors in Les Corts, converting a home into a serviced apartment would mean higher rents than the normal rent increase. As a result, many people are buying investment property in Les Corts and then converting these homes into serviced apartments to maximize yield.

The types of property used for serviced accommodation in Les Corts are often the same as those you would use to buy to let. Where you have a guaranteed short-term rent, it’s not as rigid as renting out a property.

Lease Les Corts property to the Worlds Best Rehab

Remedy Wellbeing is a bespoke, luxury treatment center with a significant corporate footprint in Spain. This means they treat just one client at a time in luxury 6* accommodations. All properties used by Remedy Wellbeing are as unique as they are inspiring. If you own or represent some of the most exceptional, unique and luxurious accommodations in Spain, Remedy Wellbeing can be contacted via their dedicated property management company, Physis Realty.

Disadvantages of investing in Serviced Accommodation in Les Corts

  • Holiday accommodation is more of a business strategy than a property strategy, and the workload is far more intensive.
  • You’ll need to furnish your holiday rental accommodation in Les Corts
  • You’ll need to clean the rooms and change the sheets every time your guests leave.
  • Who does all the laundry?
  • Who does all the cleaning?
  • Who’s going to do all the work for you in Les Corts
  • How are the guests actually going to get in?
  • Are you going to have somebody to do a meet and greet?

Buying investment property in Les Corts to convert into serviced accommodation or holiday lets is not really considered an investment, because the amount of work involved make it a full time job.

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