Valencia surpasses Madrid and Barcelona as one of the most profitable cities to invest in for rent.

Housing has not only become one of the main concerns of society, due to the upward trend that has been going on for years, but, for many, it is also a refuge value in which to invest in uncertain times. Not only for large investors and international funds, but also for small individuals. And, in this context, Valencia has become one of the cities with the highest returns in the national market, above Madrid and Barcelona.

This circumstance is due to the intensity of the rise in prices in the ‘cap i casal’ due to the pressure of a demand that does not stop growing. Thus, only in the first three months of this year, prices in the capital of Turia have risen on average by 7% compared to the last quarter of 2022. However, the rise is more abrupt when compared to 2019, a 59% more, according to the latest report from the Housing Observatory Chair of the Polytechnic University of Valencia (UPV).

And it is that, according to the data of the Masteos firm, dedicated to investment in the rental segment, the increase in prices has caused the average profitability in Spain to stand at 7.7% in 2022, a very high percentage. higher than that offered by other investment assets such as government bonds or deposits, which last year reached 1.1%, according to the Bank of Spain. But, in addition, compared to 10 years ago, rental profitability has risen two percentage points, according to the company.

For this reason, there are many who have opted for this type of asset to direct their investments. In fact, as the deputy director of Masteos, Beatriz Toribio, explained to this newspaper, the electoral change in Spain, after the regional elections on May 28, has led to the reawakening of the ‘appetite’ for the purchase of housing for later take it out for rent, since the PP has made it clear that it is not going to apply the price control established by the new Housing Law.

According to the firm’s data, the Valencian Community is the autonomous community with the cities that register the highest returns in terms of rental housing, which range between 6 and 8%. Specifically, Alicante reaches 6.7%, that is, 9.4% more, while Valencia is at 6.3%. Ahead of both is Murcia, which leads the ranking of the most profitable cities in which to invest with 8.4%.

Although historically Madrid and Barcelona have led rental investment in Spain, in recent years their ratio has dropped due to saturation in these places. In any case, they continue to reach important values ​​of 4.9 and 5.2%, respectively. In fact, the city of Barcelona was in 2022 the market in which profitability increased the most with 15.9% more. They are followed by Malaga with almost 6% profitability, according to Masteos.

However, if the capital gain that can be obtained from the sale of the property is taken into account, Valencia reaches a return of 12%, while Alicante reaches 11%, only surpassed by Cádiz (12.4%) and Málaga (13%). ,2 %). At the district level, in the Turia capital Rascaya (8.8%), Campanar (8.4%), Pobles del Sud (7.7%), Benicalap (7.3%) or L’Olivereta (7 ,2%).

At the provincial level, Cuenca ranks as the most profitable to rent with 10.3%, while only a few tenths behind is Toledo (9.5%) and Valencia closes the ‘top 3’, with 9.3%. . They are followed closely by Seville (9.10%); Lleida (8.9%); Avila (8.6%); and Segovia (8.5%), according to company data.