Real Estate Investors in Madrid
Hi guys!
I'm living and doing my research for the past 7 months for the Madrid market (and the area around it) - will be great do discuss with some members here and share our experience, toughs, etc.
It will also be great to discuss the current market situation and share the news - do you think it is still a good time to get into the market?
thanks!
Eyal
Most Popular Reply
Hey @Inigo A., I hope you are finding success in my home state of Minnesota.
Obviously govenment-backed loans make real estate operations more profitable in the US, but if no profits were possible in Spain the entire rental market would collapse. Also, the incredibly low interest rates and low yearly property taxes (depending on your location) help a bit on the cash flow end.
From my understanding, opportunities exist in different cities in Spain, especially when considering distressed properties outside of inflated metropolitan areas (not to mention the alternative ways of acquiring property like judicial auctions, cash purchases, etc.).