“If I buy an apartment for 100,000 euros, every year it is worth 10,000 euros more”

The house and its price is probably the main problem of the Spanish. This is the reason why social networks and spaces such as podcasts are full of interviews with experts on the subject.

one of them is Jaime GilCEO of the real estate company PropHero, who has participated in the podcast I have a plantalking about how to invest in real estate and how much money is needed.

“I’m going to give you a piece of information or a reason for you to invest today, tomorrow or the next day,” says Gil. “How much is a property worth as an investment? 100,000 euros. We have said that an average revaluation in the country in the last three years is 7%,” he continues.

Gil gives as an example “a property at 100,000 euros, the average of revaluation has been 7% in the last three years and, we are going to select it better, a 10% revaluation”.

“If I bought an apartment today for 100,000 euros, on average, the following year it would be worth 110,000 euros, that is, each year that passes, on average, my property is worth 10,000 euros more. Each month that passes my apartment worth 800 euros more today“explains the investor.

“Every month that passes, remember that you are saving 800 euros,” continues this young investor, who asks a question: “What are you doing with that money now?”

Jaime Gil and the co-founder of his company, Pablo Gil, explain that it is “a way to ‘efficient’ your money and your assets, you have to take action, you can’t spend your whole life searching in Idealista or Fotocasa, but do you think you’re going to beat us and that you’re going to get there faster?”

“The important thing is to invest in the right location, in the right product, in the right type of property, so yes, you are going to beat the market a lot“explains the investor.

And how much money does it take to get started? “I would tell you to have between 40,000 and 50,000 eurosso that you spend like 30,000 euros and have a margin of safety in case anything happens to you,” Gil responds.

In any case, “I think that anyone who has 30,000 euros and even if I had less I should be going to the bank,” he concludes.