The profitability of parking spaces shoots up almost 10%

Parking spaces owned have been revealed one more year as a profitable and safe asset in which to invest. According to the annual summary of the Fotocasa real estate portal for 2020, the profitability of private parking spaces it has grown by 9.3% over the past year, although unevenly between the different autonomous communities and cities. This percentage represents a growth of one point compared to 2019 and 3.5 compared to 2015.

The profitability of parking spaces grows Due to the unequal increase in the cost of purchase and rental: while the former remains more stable, the latter has risen faster in recent years. Although a single parking space does not offer more than 120 euros per month (with exceptions), yes it is a fixed and stable income, ideal so that savers, who are not willing to take great financial risks, invest.

The three autonomous communities with higher profitability They have been Murcia, Catalonia and the Valencian Community, with a growth of 10’2, 10’1 and 9’5 respectively. In fourth position is Andalusia, with an improvement of 9.4%.

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To the other side of the classification, Below the national average, there are the following communities: Canary Islands (9’1%), Balearic Islands (8’9%), La Rioja (8’5%), Navarra (8’4%), Madrid (7’5%), Cantabria (7’2%), Aragon (7.1%), Castilla y León (7.1%), Galicia (6.9%), Asturias (6.4%), Extremadura (6.2%), Basque Country (5.9%) and Castilla-La Mancha (5.9%), while the rest show a growth of more than 9.3%.

The reasons that influence the price and profitability of parking spaces range from the volume of vehicles, the ratio between available parking spaces, the possibility (or impossibility) of leaving the vehicle parked on the street, the area of ​​the city where the garage is located (center or outskirts) and its size.

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