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The profitability of housing rises in the first half and stands at a maximum of 6.9%, according to Fotocasa

The Region of Murcia is the most profitable with 8.

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The profitability of housing rises in the first half and stands at a maximum of 6.9%, according to Fotocasa

The Region of Murcia is the most profitable with 8.8% in June 2022, almost 5 points more profitable than 15 years ago (4.1% in 2007)


The year-on-year profitability of housing in Spain in the first six months of 2022 stands at 6.9%, which is two tenths more than the same period last year, according to the study on 'The profitability of housing in Spain in 2022', prepared by the real estate portal Fotocasa.

According to the report published this Wednesday, the annual return during the first six months of 2022 is one point more than 5 years ago (5.9% in 2017) and 2.4 points more than 10 years ago (4. 5% in 2012).

"The yield of buying a home and putting it up for rent recovers its upward trend and is at maximum levels, such as those reached in 2020", explained the Director of Studies and spokesperson for Fotocasa, María Matos.

According to Matos, the return on housing continues to be the investment focus with the lowest market risk. In fact, investment in real estate assets has become a shelter in the face of the uncertainty caused by the war in Ukraine and the levels of inflation that plague Europe and also Spain.

"Many small individuals are betting on housing as a refuge value to prevent their savings from being devalued and have launched to invest as they perceive this market as safe after the positive evolution and recovery after the pandemic", he pointed out.

Eight autonomous communities have a profitability equal to or above the Spanish average (6.9%) in the first half of the year and they are: Region of Murcia (8.8%), Valencian Community (8.2%), Cantabria (7 .3%), Navarra (7.3%), the Canary Islands (7.2%), La Rioja (7%), Castilla-La Mancha (7.0%) and Catalonia (6.9%).

Below the average profitability are the communities of Castilla y León (6.7%), Aragón (6.5%), Asturias (6.5%), Extremadura (6.4%), Andalucía (6.2 %), Galicia (5.9%), Basque Country (5.5%), Madrid (5.5%) and the Balearic Islands (5.0%).

Fotocasa's analysis also offers profitability data by municipality. Thus, the analysis shows that 30% of the municipalities studied (136 municipalities in total) have a return equal to or above the average for Spain (6.9%).

Four of the cities studied have profitability above 10%, specifically, the coastal city of Gandía has gone from 4.2% to 11.5% profitability in 10 years, becoming the most profitable city in Spain in June of 2022. They are followed very closely as the most profitable cities, Águilas with 10.9%, La Manga del Mar Menor with 10.8% and Santa Pola with 10.2%.

On the other hand, the cities with a profitability of less than 5% are Donostia - San Sebastián with 3.5%, Rincón de la Victoria with 4.1%, Getxo with 4.2%, Palma de Mallorca with 4.5%, Vigo with 4.6%, Sitges with 4.7%, Orihuela with 4.7% and Bilbao with 4.7%.

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