Spain Homes feature a variety of commercial property for sale in Spain: shops, hotels, busines centers, offices and retail outlets. Call our expert team today to arrange viewings in Spain.
Fuengirola commercial property is situated in Fuengirola, next to the beach in the city center. The commercial property has new children’s playground and appliances.
Closed car parking area is situated in a perfect location of Benalmadena. 20 m² closed car parking area with affrodable price is located in the security complex.
Multi-purpose commercial property is situated in Torremolinos, close to the Malaga Airport. Newly renovated commercial is ready to set up the new business in the active street of the tourism center.
Commercial shops with great investment potential in Malaga, Benalmádena. The shop in the ideal business point provides to start the your new business.
Commercial investment property is located in Benalmadena, next to the golf cours, less than 5 minutes driving to the best beaches. Andalusian style property is great opportunity for Hotel or SPA.
Spain is the only country with claim to 3 entries into the Post Office Holiday Costs Barometer, which ranks the cheapest holiday destinations in Europe.
Costa del Sol made the list, and being so well connected, tourists enjoy easy access from a wide range of European countries. The ease of international connections ensures holiday homeowners can quickly and cost-effectively reach their properties.
Thanks to Jet2’s planned expansion, travel to and from Costa del Sol will become easier. The additional routes and flights will see the airline offering eight million seats between the UK and Spain.
Jet2’s expansion will see 54.3% more seats offered out of season, meaning that second home owners will find it even easier to enjoy their holiday properties year-round.
Commercial property in Spain is set to remain buoyant for a culmination of reasons.
Buoyed by rising rents due to favourable economic conditions, rents are forecast to continue to climb. With Spain’s continual GDP growth – and in some years – double the Eurozone average, Spain is outpacing growth forecasts in the EU. Jobs are also on the rise while national productivity has increased and debt decreased.
Liquidity is returning to the market by way of foreign investment and bank lending – both domestic and international. As banks return to lending for commercial property, institutional investors are purchasing large swathes of properties, developments and prime land in Spain. Domestic developers, and most notably, international developers and offshore hedge funds are seeing buying opportunities and purchasing commercial property in Spain in a big way.
When institutional money starts investing into commercial property in Spain, followed shortly thereafter with favourable profit reports, investor confidence ensues. With investor confidence on the rise, so too is demand, and thus upward pressure on Spain’s commercial property prices.
Figures from Spanish Notaries report that 53.359 homes in Spain were bought by overseas buyers in the first half of the year, much higher than the previous record high of 33.000 sales recorded in the same period when Spain’s property market was at its peak.
Prime office space will continue as the top choice for commercial property in Spain, particularly in the south where the favourable climate maintains a constant, steady flow of tourism.
Investors with an appetite for adding value to commercial property in Spain should consider transport and storage. For the investor with higher risk appetite, redevelopments and new developments offer higher returns.
The property market landscape for average prime office yields are at a record low in Europe, and this leading category of commercial property in Spain set to remain attractive due to their positive yield spread over interest rates and rental growth potential.
Vacancy rates in Europe are at an all-time low, and as a result prime office rents are expected to continue to rise, making business centers in Spain an ideal asset class.
Spain’s economic stability has witnessed a knock-on effect in business confidence and the creation of jobs, particularly in the professional services sector – an essential catalyst for increased momentum in the office rental market.
In response to supply and demand pressures for commercial property in Spain, prime rents in the city continue to increase. This pressure on demand has directly impacted office availability.
Market trends for commercial property in Spain present 5 distinct opportunities:
1. Prime office space in Spain’s central business districts
Central Business District office space in the major capital cities of Spain present commercial opportunities characteristic of respectable rental yields and long lease terms. Commercial property in Spain is generally considered a lower-risk to residential rentals due to long lease terms, and payments from corporate tenant. There is also the perception that a corporate tenant will use office space lightly within the hours of 9-5, and therefore less usage impact from tenant occupation (i.e. reduced depreciation/damage to the property).
2. Residential investment
Residential investment is the most popular form of commercial property in Spain by offering short-term holiday rentals and full-time tenancy to year-round residents. With the emergency of Airbnb and direct from owner holiday booking options, owners of residential holiday properties can generate a high return on investment if managed efficiently. As Spain enjoys fantastic holiday weather in high demand by the British and Northern Europeans, it’s not uncommon to generate holiday rental income in the summer peak season to cover the annual cost of a holiday rental investment.
3. Mixed-use property
A mix of commercial and residential designed for convenience and efficiency. Mixed-use commercial property affords tenants nearby access to lifestyle amenities on their doorstep. Characteristic of residential properties surrounded by commercial tenants, mixed use generally attract a higher yield of return compared to residential alone.
Logistic properties presents of the fastest growing sectors for commercial property in Spain made attractive by long term tenancies and capital gains potential in strategic locations (nearby port, airport, railway networks and connections).
5. Space as a service (SPaaS)
What Airbnb is for short-term holiday and residential tenants, companies like WeWork are for commercial tenants who use space on demand. This form of commercial property in Spain capitalises upon the growing trend moving from ownership to access.
Whatever your commercial property needs, call Spain Homes to view a large variety of commercial properties including offices, shops, business centers and hotels for sale in Spain. In addition, we can help you buy all real estate types including lands, plots, houses and apartments in Spain.