Spain, and in particular Barcelona, offers a diverse range of real estate investment opportunities that are both accessible and strategically attractive.

Investors can consider the acquisition of properties across five key categories:

1. Residential apartments and houses – Ideal for stable rental income and long-term value appreciation.
2. Commercial spaces on the ground floor of residential buildings  Transformation into several small apartments – loft-type.
3. Land for construction – Suitable for development projects with medium- to long-term growth potential.
4. Multi-level buildings (1–3 floors) – Providing opportunities for renovation, conversion, or resale at higher margins.
5. Vacation residences by the sea or in the mountains – Attractive for seasonal rental income and lifestyle investments.

Each category presents specific advantages depending on the investor’s objectives, level of risk tolerance, and desired investment horizon.

A careful evaluation of these options can maximize returns while diversifying exposure within the Spanish real estate market.

Category 1

• Buying an old apartment or house (old or newer) in central or semi-central areas of Barcelona.
• The goal is to acquire an opportunity at a good price in an advantageous location.
• Renovation with a recognized architectural office and transformation into a modern and luxurious apartment.
• Resale yield: 15 – 18%.
• Annual rental yield: 8 – 9%.
• Capital required: €450,000 – €650,000.
• Project duration: 9 months.

Category 2

• Acquisition of a commercial space on the ground floor of a block of flats, surface area 100–300 sqm.
• Purpose: transformation into several small apartments, either side by side or loft-type.
• Through renovation and innovative design, they can be resold immediately or rented on a short/long term.
• Resale yield: 22 – 26%.
• Short-term rental: 10 – 12% annually.
• Long-term rental: 8 – 10% annually.
• Capital required: €600,000 – €900,000.
• Project duration: 11 – 12 months.

Category 3

• Buying a plot of land and building a luxury villa with a swimming pool.
• The business plan aims to capitalize on the land by building a luxury villa near the sea (Costa Brava area).
• Land cost: €80,000 – €140,000 (depending on location).
• Permits + construction: €1,500/sqm.
• Resale yield: 28 – 30%.
• Annual rental: 9 – 10%.
• Short-term rental: 10 – 12% per year.
• Capital required: €250,000 – €300,000.
• Project duration: 18 months.

Category 4

• Purchase of an entire building with 1–3 floors in central or semi-central areas of Barcelona.
• Complete renovation and transformation into smaller apartments (45–50 sqm), with premium design and functionality.
• Purchase cost: €500,000 – €1,500,000.
• Renovation and permits cost: €1,500 – €1,800/sqm.
• Resale yield: 35 – 45%.
• Annual yield (mixed rental): 12 – 14%.
• Possibilities: total/partial resale, rental (short/long), hotel unit or Airbnb.
• Project duration: 18 – 24 months.

Category 5

• Buying a home by the sea or in a quality mountain area.
• Purpose: renovation and capitalization for resale or rental.
• Capital required: €200,000 – €350,000.
• Renovation: €900/sqm.
• Resale yield: 24 – 28%.
• Annual rental: 10 – 12%.
• Project duration: 12 months.