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Rental Homes Generated an Average Yield of 7% in 2019, according to Solvia

25 March 2020 – Brainsre.news

Lleida, Toledo, Valencia and Segovia were the most profitable cities for rental properties in 2019. The average rental price was €9 per square metre.

Rental homes generated a return of 7% in 2019, up by one percentage point compared to the previous year. The average rental price amounted to €9 per square meter, which represented an increase in interannual terms of 2.4%, according to data from the IV Solvia Market View 2019.

The most profitable cities last year were Lleida, where yields amounted to almost 8%, Toledo (7.5%), Valencia and Segovia (both 6.6%). “That is because in those cities you can still buy properties at affordable prices and, due to their locations, renting is a good option when it comes to obtaining a return on the investment,” explains Solvia. On the contrary, Barcelona is now the city with the least profitable rentals due to the high sales prices of the properties there.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake