Sponsored by Lusa Legal.
Investing in commercial real estate in Spain has never been more appealing—especially when there are such lucrative deals to be made. Key cities, like Barcelona in the heart of Catalunya, provide sound investment opportunities which entice both local and international buyers to the market. Profitability in Barcelona alone can be up to 7%, of which up to 25% is net profit. This is just one example of how smart it is to invest in Spanish commercial real estate.
Types of Commercial Property
With a country as diverse as Spain, there are a multitude of options open to you when it comes to selecting a property to invest your hard-earned money in. With such a wide scope of opportunity, Lusa Legal is sure to be able to find you a perfect match.
Mixed Use
Throughout Spain there are numerous properties available which combine both commercial and residential space. Almost all of them offer commercial space on the ground floor level and consist of retail shops, bustling restaurants, vibrant offices and an array of other businesses. Some of these buildings have a tourist license, which means they can offer tourist apartments, and others will have a hotel license to ensure ability for hotel conversions.
Restaurants and Bars
These types of businesses are generally sold through the license; this transfer of license is known as a traspaso. Restaurants and bars are most commonly sold as a business entity and not as a property, so be aware of what you are buying. Types of licenses are varied and will depend on what your requirements are regarding your kitchen, opening hours and other specifications.
Local Business
Local business listings offer a wide selection of opportunities to explore when it comes to investment. There are golf and other sporting clubs, agricultural businesses, parking locations, gas stations, nightclubs, escape rooms and many other entertainment venues.
Commercial Premises
Commercial premises enable an investor to procure a steady income from a range of premises like supermarkets, retail shops, offices, business centers, etc. Many of these premises depend on the tourist trade and thus those located in the city center are often the most attractive offers.
Hotels and Hospitality
Without a doubt, tourism is a very lucrative business in Spain. The hotel and hospitality industry provides incredible investment opportunities, especially now when prices are going down. Unique venues are becoming a solid staple trend, with the needs of experiential travel becoming a must. The coastal areas consistently drive large volumes of tourism traffic, thus ensuring hotel or hospitality properties in these areas are likely to sustain a relatively steady source of income. With the vaccine for COVID-19 already being distributed worldwide, the hospitality industry should show a rapid recovery in the next two years, so investing now provides an excellent opportunity to invest in highly profitable projects on favorable terms.
Tourist Apartments
Licensing for tourist apartments depends on a number of factors. It is worth noting that, in Spain, this type of business is heavily regulated, with strict license requirements for rental periods of under one month. Some regions have a greater demand for these licenses, so it is always better to invest in real estate that is already licensed.
Development Projects
There are numerous construction projects all over the country in varying states of completion. They offer the exciting opportunity of starting a project from scratch or acquiring land which already has the necessary building license. Another appealing option is to purchase a property as a renovation project.
Land
The purchase of a plot of land is a fine way to start your new corporate venture in Spain. Commercial plots are plentiful, and you have free reign to develop whatever your heart desires. With plots overlooking the stunning coastlines or in the peaceful countryside, Lusa Law can help find exclusive offers. With twenty years of experience in dealing with the legal side of things, Lusa Law can secure mortgage loans and be a one stop shop for all your investment legal issues.
Due Diligence
Conducting a thorough investigation into your investment is essential to ensure you are protected from all legal complications. Lusa Legal offers due diligence support to ensure that you are covered for all manner of issues ranging from ownership to fees and documentation. The due diligence process is invaluable and expert help ensures you get the highest protection possible from any potential risks.
Real Estate Mortgages and Loans
Obtaining mortgages and loans are standard procedures in commercial real estate transactions. An important component is having a reliable partner who can assist you in obtaining a loan. Lusa Legal works with all the major Spanish banks (Banco Sabadell, BBVA, La Caixa), ensuring that you get the best option possible for a mortgage or loan. The loan process is covered in its entirety and Lusa Legal ensures that you are granted the opportunity in order to proceed.
Why is now the perfect time to invest in commercial property?
The global pandemic has offered incredible opportunities in the commercial real estate market. This is the time to strike, while these deals are still available. Now is a highly profitable time to buy hotel, commercial or retail space. There are unprecedented price discounts which range from 25-30% with some opportunities even further discounted to 40%. Considering the mortgage or loan constitutes 40-50% of the purchase amount, you can still achieve profitability rates of 12% and up.
Lusa Legal arranges due diligence, property evaluations, business financial checks, building inspections and all the required consultations needed to make a wise investment decision. Lusa Legal negotiates price points, ensuring that the deal is closed correctly and follows all processes of the legal transaction.
The professionals at Lusa Legal invest their time and energy into all stages of the buying process. The investment being made is taken incredibly seriously and, along with its partner company Lusa Realty, you are ensured that you find the right property for your business or project. Lusa Realty specializes in commercial real estate and highly profitable investment projects, and demands the best from all collaborating companies. Now is the time to find that perfect investment opportunity in Spain.
If you have questions or business ideas you can contact Lusa Legal at: +34 607 29 44 28 or write to info@lusalegal.es. You can find Lusa Legal online at lusalegal.es. on Facebook at: @lusa.legal, on Instagram at: @lusa_legal and on LinkedIn.
Sponsored by Lusa Legal.