Our colleague Frederik Hoogewijs was asked to provide his perspective as a property expert on the value and quality of the property, as well as when selling might be an attractive option.
Capital appreciation on property in Spain
The apartment featured in the article was purchased a few years ago and now has a higher estimated market value. However, an increase in value does not necessarily mean that selling at that point is the most attractive option.
When considering a potential sale, the costs associated with both the original purchase and the eventual sale should also be taken into account. At the same time, high-quality property may continue to offer attractive potential over the longer term.
The current market value is therefore just one part of the wider picture. The quality of the property, its rental potential and its longer-term prospects are also important considerations.
Rental income as an attractive addition
Renting out the second home is also discussed extensively in the HLN article. The apartment is located in Ciudad Quesada and offers, among other features, views over the salt lakes of Torrevieja.
According to the owners, the property was rented out for 228 days during the first year, generating approximately €28,000 in rental income. After the commission and costs mentioned in the article, just over €11,000 remained.
This example illustrates how rental income can provide an attractive addition when a second home is not used personally throughout the year. Actual rental income will naturally vary from one property to another and depends on factors including location, property quality, occupancy levels and associated costs.
Quality property with longer-term potential
Alongside rental potential, the quality of the property also plays an important role. Location, architecture, finishes and outdoor space are all characteristics that contribute to a property's appeal.
In the example featured in HLN, the property is a high-quality apartment with a spacious roof terrace and views over the salt lakes of Torrevieja. Features such as these not only enhance the experience of using the property yourself, but can also contribute to value retention and its appeal to future buyers.
This broader perspective is important when buying property in Spain: looking not only at what a property offers today, but also at its quality, rental potential and longer-term position.
Buying property in Spain with the right guidance
At NB-ESTATES, we start with your individual requirements and plans. Our team is active across Spain's most sought-after coastal regions, allowing us to advise and guide clients across different areas in their search for the right property.
From the initial orientation and property viewings through to the purchase and ongoing follow-up, you can rely on a single point of contact and our guidance throughout the entire process.
Considering buying property in Spain?
Our property specialists can guide you across Spain's most sought-after coastal regions. Contact us without obligation or visit one of our offices to discuss your plans in person.