Commercial real estate in Spain, Barcelona

Almost all wealthy people have real estate abroad. Not necessarily because of a desire to emigrate, just in case. To expand your investment portfolio or, alternatively, to have a place to land if something goes wrong. But is it possible to invest in real estate abroad, creating an additional source of income, rather than just spending money? Yes, you can if you are considering commercial real estate in Spain for purchase.

What does a client get when buying commercial real estate in Spain?

First, let’s once again put everything together that buying commercial real estate in Spain gives. Most of our clients set such goals for themselves.

Firstly, they seek to invest their funds in a stable currency to avoid the fluctuations typical of their country's national currency, and in this regard, Spain, as a member of the eurozone, is an excellent choice.

Secondly, many of them would like to obtain a residence permit in Europe in case of unexpected circumstances. Moreover, some are considering the possibility of moving and permanently living in this calm, cozy and sunny country near the sea.

Some decide to move to Spain with their family to provide their children with a quality Spanish education and obtain a European passport. Others are thinking about their future, dreaming of one day retiring and leading a quiet Spanish life, enjoying the wonderful life on the Mediterranean coast.

What is the fundamental difference

It is important to determine how to live further. In the end, any real estate agency will help the client realize their investment. The more money he contributes, the more welcome he will be received. Anyone can spend their money in Europe.

However, how many of us know of cases where a person came to Spain, successfully invested his funds and was able to maintain a comfortable lifestyle in this country with income brought not from business anywhere, but in Europe?

We offer our clients exactly this approach. Don't just spend it, but invest it. Provide truly permanent passive income. And not only bear the costs of utility bills and taxes, which inevitably arise regardless of the profitability of the property.

What kind of profit is generated?

By and large, there is no mystery in our proposal. We are not just a real estate agency in the usual sense of the word. We are experts in the field of investments, our specialists primarily solve the problems of investors.

Among what we now have, there are opportunities, as they say, for every taste and color. First of all, we create a portfolio of the most attractive investment opportunities. This includes market analysis, but the emphasis is on direct contact and personal negotiations with owners and their representatives. Among the available options, there are options, as they say, for every taste and color.

• In the center of Barcelona there are street retail properties with long-term lease agreements. Many of the tenants have been successfully running their businesses in these areas for decades. The acquisition of such premises with lease agreements signed by large supermarket chains for a long term with binding performance represents one of the most reliable investment opportunities from a financial point of view. An example of such a transaction is an object from the OF-MARKET catalog, which provides the investor with a stable rental income of 4 percent in hard currency after taxes.
• Investments in properties located in areas further away from the center can be a little riskier, but at the same time more profitable. Such investments can provide returns of 5 to 8 percent per year before expenses.
• For investors who are willing to take risks, investments in infill development projects in Barcelona and its suburbs, such as Gava Mar, Castelldefels, Sant Cugat del Valles, El Prat de Llobregat, Cornella de Llobregat, may be of interest. The possible return on such investments can reach 15% per annum, and banks provide mortgage loans for 50% of the invested amount.
• Acquisition of commercial real estate for the purpose of doing business: opening hotels or restaurants, parking complexes and gas stations, developing vineyards or creating manufacturing enterprises.

In this case, the amount of income depends on the talent and success of the entrepreneur.

If desired, we can select for the investor any ready-made operating business, which he could enter not as a tenant, but as an existing owner, so that he can start doing business on his own. If, of course, the investor is ready for this.

Other options are possible, based on the client’s expectations and investment plans. Goals, acceptable risks and expected profitability are discussed individually each time.

And when the goal is determined and objects for investment are selected, we provide the full range of necessary related services, such as legal verification of the object, preparation and execution of the transaction, registration of a residence permit, property management, etc.

Commercial real estate in Spain, what then

But even after the investor has become the owner of a commercial property in Spain, our role most often does not end there. If desired, we can continue cooperation.

Not all of our clients live permanently in Spain. But even of those who are here permanently, many also prefer to receive the most stable passive income from their investments, and live for their own pleasure, without communicating with tenants, tax authorities, etc. We provide such services as well. Here is a partial list of what else we do for our clients:

• Organization of maintenance, repair of premises, their adaptation to the tenant’s tasks, including solving administrative problems and obtaining permits, which can be very difficult in Spain.
• Communication with tenants. Control over timely payment. Finding new tenants when necessary.
• Complete solution to accounting problems, such as issuing and timely payment of invoices. Communal payments.

Preparation of documentation for further reporting.

• Solving tax issues: filing returns, paying taxes and fees on time and in full, so as to avoid delays and fines.

We are ready to take on all aspects related to the acquisition and management of commercial real estate in Spain. We have the experience and knowledge to effectively resolve all issues that arise.

Choosing an agency in the Spanish market

There are only two main types of real estate companies: a seller's agency and a buyer's agency. In practice these are two opposites.

Seller's agencies, by definition, act in the best interests of the selling party. Such companies are more common in the Spanish market. The main task of such agencies is to find a property for sale, conclude an exclusive contract with the owner and sell the property at the maximum price, satisfying the needs of their client, i.e. seller. They usually have a limited base of options, and additional services, such as transaction support, after-sales service or obtaining a residence permit, are often not provided.

Buyer agencies, as you might expect, are buyer-focused. Here a wider range of services is usually provided, and in general more attention is paid to the client. So, at first glance, the choice of agency seems obvious. However, in practice, many agencies specializing in servicing buyers may have even fewer properties in their database than their counterparts working with sellers. Limited choice means fewer opportunities to purchase quality commercial real estate. Therefore, the choice of an agency should be taken seriously, given that these are simply different business models, each of which, in turn, can effectively solve the problems of their clients.

Who are we. Company philosophy

GG Real Estate Barcelona was founded on a different philosophy. We are essentially an agency that works solely in the interests of the buyer, but at the same time we have the key characteristics of a seller's agency, such as having a database of properties.

In fact, we ourselves are investors who entered this market decades ago. Living and working in Spain, we have experienced many investment options and offer our clients only what we would invest in ourselves.

The main goal of our agency is to help investors purchase real estate that provides a stable stream of rental income and minimize risks when purchasing and managing the property.

We also strive to achieve the most favorable conditions during the transaction and select an object that has the potential for further price growth.

In addition, we provide commercial property management services to our clients in Spain and assist them in obtaining a golden visa or residence permit under various programs.

Our guarantees

We have been working seriously and for a long time in this market since 1994, and some members of our management are already the second generation in the company. We always strive to ensure the protection of those who choose to do business with us.

All properties we work with undergo a thorough examination by our specialists to assess their potential for investment. Before concluding a transaction, our lawyers conduct a detailed inspection of the property to identify possible risks and market intricacies. We also actively participate in various development projects together with our clients, investing our own funds.

First of all, we ourselves are investors with experience in the commercial real estate market in Spain. We consider and evaluate each property as if it were our own investment, and offer only those properties in which we ourselves would be willing to invest our own funds.

Where to begin

The first step for those interested in working with us is to gain access to our private database of commercial properties in Spain. This is not just a selection of objects, but the best offers on the market carefully selected by experts, which are worth considering first.

Our proprietary database is one of the company's core products. This is the exclusive and most comprehensive catalog of commercial properties in Barcelona, ​​which we manage with the participation of the best specialists in the market. They evaluate proposals, conduct initial negotiations and collect data. Creating such a base is hard daily work. Due to the nature of the sale of commercial real estate, we do not disclose information about it publicly, but we are always ready to provide it to those who are serious about purchasing and are interested in considering lucrative offers. By contacting the experts at GG Real Estate Barcelona, ​​you will take the first step in the right direction.