The rental market in Spain is preparing for a new investment boom, despite the difficulties it has faced since the entry into force of the Housing Law. This moment is particularly attractive for those seeking a secure return in the real estate sector. The high rental demand is being driven by the rising cost of buying homes, which leaves more people as renters as they are unable to afford to buy.
In this context, an innovative investment model has emerged: the “triple rental”. This strategy moves away from the traditional approach of selling a regular home to acquire a new one, avoiding the high purchase and sale costs and tax burden. Jesús Martí, director of key accounts at Alquiler Seguro, explains that the “triple rental” consists of three steps: first, the owner rents a property that meets his current needs; second, he rents out his usual home; and third, he uses the money saved to buy a property as an investment in another location, also destined for renting.
This model allows profitability without decapitalization, which has led Alquiler Seguro to create a specific line of business, called Invermax, to help clients take advantage of this investment opportunity in the rental sector.
The real estate sector considers that it is a good time to buy housing in Spain, largely due to the reduction in interest rates driven by the European Central Bank. According to María Matos, of Fotocasa, buyer interest has grown significantly, with an increase from 7% to 13% in the last year. This sector is attractive due to its resilience and high yields, which on national average are around 6.4%, outperforming other investments such as government bonds.
In addition, new investment formulas are emerging, such as the shared purchase of real estate. Sergio Cardona, from the Rental Observatory, points out that investors are now looking to share the investment to access higher-value properties without directly managing the rental, benefiting from both the rental and a future sale of the property in the long term. This trend responds to the interest in obtaining returns without assuming full responsibility for the management of the asset.