Looking to buy investment property in Antequera? It’s a sound choice, yet one that must be executed correctly. This article tells you about buying investment property in Antequera, the types of deals available and the likely returns. Remember, buying property in Antequera has, on average, yielded in excess of 8% returns per year, and significant capital asset growth.
Buying investment property in Antequera 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 Antequera are purchased by non Spanish Nationals and are either used as a holiday homes or straightforward by and hold investments in Antequera.
Once these properties have been renovated and rented then investors in Antequera 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 Antequera or elsewhere.
How easy is it to buy investment property in Antequera?
Buying an investment property in Antequera might be more complex, but Spain is a very welcoming country for foreign buyers as foreign ownership of properties in Antequera 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 Antequera 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 Antequera 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 Antequera?
Average property costs per square meter in Antequera are €1,722 per square meter, representing a solid, year on year growth trajectory of 8%.
Map of Antequera
Antequera (Spanish pronunciation: [anteˈkeɾa]) is a city and municipality in the Comarca de Antequera, province of Málaga, part of the Spanish autonomous community of Andalusia. It is known as “the heart of Andalusia” (el corazón de Andalucía) because of its central location among Málaga, Granada, Córdoba, and Seville. The Antequera Dolmens Site is a UNESCO World Heritage site.
In 2011, Antequera had a population of 41,854. It covers an area of 749.34 km with a population density of 55.85 inhabitants/km2, and is situated at an altitude of 575 meters. Antequera is the most populous city in the interior of the province and the largest in area. It is the twenty-second largest in Spain. The city is located 45 km from Málaga and 115 km from Córdoba. The cities are connected by a high-speed train and the A-45 motorway. Antequera is 160 km from Seville and 102 km from Granada, which is connected by motorway A-92 and will be connected by the high-speed Transverse Axis Rail in the near future.
Due to its strategic position in transport and communications, with four airports located approximately one hour away and the railway running from the Port of Algeciras, Antequera is emerging as an important centre of transportation logistics, with several industrial parks, and the new Logistics Centre of Andalusia (Centro Logístico de Andalucía). In addition, the Vega de Antequera, watered by the river Guadalhorce, is a fertile agricultural area that provides cereals, olive oil, and vegetables in abundance.
The nearby natural reserve of El Torcal, famous for its unstable limestone rocks, forms one of the most important karst landscapes in Europe. It has an extensive archaeological and architectural heritage, highlighted by the dolmens of Menga, Viera, and El Romeral, and numerous churches, convents, and palaces from different periods and in different styles. Antequera played a role in the rise of Andalusian nationalism: it was the site of the drafting of the Federal Constitution of Antequera in 1883, and also of the so-called Pact of Antequera in 1978, which led to the achievement of autonomy for Andalusia. It was considered as a possible headquarters of the Andalusian government, but lost the vote in favor of Seville.
Making Money on Investment Property in Antequera
The best way to make money on Antequera 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 Antequera
Fees for buying a property in Antequera vary from area-to-area. There are no fixed fees for lawyers or estate agents. Buyers must pay the costs:
Property transfer tax in Antequera: 6–10% (existing properties) / VAT (or IVA) at 10% (new properties in Antequera)
Notary costs, title deed tax, and land registration fee in Antequera: 1–2.5%
Legal fees for buying investment property in Antequera: 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?
Physis Realty estates is a multi-award winning Luxury Real Estate broker in Antequera, with a 18 year track record the agency has been directly or indirectly responsible for the largest volume of transactions in Antequera in the past two decades.
Types of investment property in Antequera
It is important to understand the main types of Investment Property in Antequera
The Most Successful Property Investment Fund 2020 : Click Image to Download Prospectus
Buy to hold in Antequera
Long-term rental property in Antequera 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 Antequera 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 Antequera 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 Antequera 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 Antequera 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 Antequera 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 Antequera property to Holiday Accommodation
For property investors in Antequera, 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 Antequera and then converting these homes into serviced apartments to maximize yield.
The types of property used for serviced accommodation in Antequera 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 Antequera 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, Property Secured Investments.
Disadvantages of investing in Serviced Accommodation in Antequera
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 Antequera
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 Antequera
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 Antequera 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.
Alexander Bentley leads Remedy Investments™ a private equity fund specializing in operational real estate. Remedy Investments™ has significant expertise in developing Luxury ApartHotels across Europe and the wider APAC region.
Alexander Bentley is the creator & pioneer behind Remedy Wellbeing Hotels & Retreats. Under his leadership as CEO, Remedy Wellbeing Hotels™ received the accolade of Overall Winner: International Wellness Hotel of the Year 2022 by International Rehabs.
Because of his incredible work, the individual luxury hotel retreats are the world’s first $1 million-plus exclusive wellness centers providing an escape for individuals and families requiring absolute discretion such as Celebrities, Sportspeople, Executives, Royalty, Entrepreneurs and those subject to intense media scrutiny.
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