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More and more German and British buy a house under the sun in Spain for their retirement also according to census administration of Spain (El Padron), 27, 36 % of the Spanish population is 55 years old or older. Spain will soon have quite a lot seniors. Some countries such as the Netherlands have already adapted infrastructure for seniors but Spain isn’t yet there but they are improving infrastructures.

There is new development of communities (Urbanicaziones) for the seniors and the ideal one usually follow certain criteria’s:

They have restaurants, shopping facilities , libraries, gymnasiums, sanitary.

Usually being 55 or more will be required to have a house in such urbanicazion.

Residents usually need to be healthy and in good conditions with their full abilities usually these type of urbanicazion don’t have hospitals or equipment to follow someone who need medical treatments.

Urbanicazion for seniors are not always on seaside or near a golf, some are in the city and other on the coast. Depending the location , the regions and the level of services offered the price may vary anywhere from 150 000 EUROS to 1,5 Millions EUROS

Technorati Tags: urbanizacion, senior, spain

Renting a flat or buying a flat in Madrid will cost you the same, according to the Ministerio De Vivienda, renting a flat will cost you an average of 11,98 EUROS per square meter a month, if you want to live in a 70 square meters flat it will cost you about 796,6 EUROS a month.

If you want to buy that same flat except 3002 EUROS per square meter, so the total for this flat is 168.112 EUROS, assuming you can get a mortgage for 80 % of the value of the flat and you have the remaining 20 % cash, it will cost about 807,63 EUROS a month with a 40 years mortgage taking into account the Euribor rate.

Renting will save you a miserable 11 EUROS so better buy in these condition at least as far as Madrid is concerned.

Technorati Tags: mortgage, madrid, rent, buy, property

The landlord of an apartment located in Madrid or Barcelona can make as much as 8000 EURO a month by renting his property to tourists and I believe that, I remember I wanted to rent a very small flat in Barcelona near La Ramblas, it was 1330 EURO…I don’t understand these prices they are depressing.

A property of standard quality can bring a yearly profitability of 5% , this is higher return than the average 2% you can get by normal rent.

Many people entered this market during the last few years and the market will probably continue to grow, each time, I go to Barcelona I cantt see to find a room in a hotel…..If you have a flat in the center of Madrid or Barcelona you can get between 80 – 100 EURO a night.
If you wish to invest in that market it will be good to have the transaction made by a registered company that can handle insurances, keys, guarantee.

Technorati Tags: barcelona, madrid, rent, profit, center, property