Investment Property in Maracena

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Buying Investment Property in Maracena?

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

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

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

How easy is it to buy investment property in Maracena?

Buying an investment property in Maracena might be more complex, but Spain is a very welcoming country for foreign buyers as foreign ownership of properties in Maracena 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 Maracena 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 Maracena 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 Maracena?

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

Map of Maracena

Maracena is a municipality located in the province of Granada, Spain. According to the 2005 census (INE), the city has a population of 18819 inhabitants. It is located in the central part of the Vega de Granada, being one of the fifty-two entities that make up the metropolitan area of Granada.It borders the municipalities of Peligros, Pulianas, Granada, Atarfe and Albolote. Other nearby towns are Pulianillas and Monteluz.

The Granada metro, provides the town with a light metro link to central Granada and other towns of the Granada Metropolitan Area.

Maracena history goes back to the etymology of the name, in Roman times. In the 1970s was found in the municipality, in Casería Titos, a tablet with a Latin inscription dating back to the 2nd century. Under Muslim rule in Maracena was born one of the most famous Arab leaders, Hamdum ibn Sawar, who had built a watchtower on the hill of La Sabika, where today stand Bermejas Torres. Some centuries later, the Aragonese king Alfonso (El batallador), reached Maracena. In Maracena took also place the battle of the Higuerela, Before the Catholic Monarchs reconquered Granada. Maracena is near Albolote and Peligros. In Christian times there was significant recruitment of people from the north of Castilla, La Rioja and Navarra, while the Moorish were expelled from the peninsula. During the 18th century there were several cholera epidemics. They ended up with much of the population. They almost ended with the Vega. During the time that Maracena was devoted almost exclusively to growing grapes, it had twenty wineries. The most popular families in Maracena are Ballesteros, Zurita, Arcas o Martínez Cañavate. In the 19th century the phylloxera plague that struck authentic vines Granada, attracting a new crop: beet maracenera changing economy. Since the late 20th century is a thriving town Maracena, prominent residential locality and central belt of the capital for their active economic, cultural and sporting life mainly cycling, football, fencing, wrestling and running.

The results in Maracena of the last municipal elections, held in May 2011 are:

political parties: (PSOE): votes (5.372),valid (54, 35%) y councilors(12). PP: votes (2.730), valid (27,62%) y councilors (6).

Coordinates: 37°12′N 3°38′W / 37.200°N 3.633°W / 37.200; -3.633

Making Money on Investment Property in Maracena

The best way to make money on Maracena 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 Maracena

Fees for buying a property in Maracena 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 Maracena: 6–10% (existing properties) / VAT (or IVA) at 10% (new properties in Maracena)
  • Notary costs, title deed tax, and land registration fee in Maracena: 1–2.5%
  • Legal fees for buying investment property in Maracena: 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 Maracena, with a 18 year track record the agency has been directly or indirectly responsible for the largest volume of transactions in Maracena in the past two decades.

Types of investment property in Maracena

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

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

Types of property investment deals in Maracena

The main types of property deals in Maracena are:

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

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

Buy to hold in Maracena

Long-term rental property in Maracena 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 Maracena 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 Maracena 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 Maracena 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 Maracena 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 Maracena 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 Maracena property to Holiday Accommodation

For property investors in Maracena, 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 Maracena and then converting these homes into serviced apartments to maximize yield.

The types of property used for serviced accommodation in Maracena 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 Maracena 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 Maracena

  • 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 Maracena
  • 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 Maracena
  • 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 Maracena 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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