Maria Arteaga

We are back with an excellent opportunity! It took a lot of effort, as prices are starting to rise due to the good prospects of the real estate market, but we finally found it.

In Brickstarter, however, we think that we have to be very cautious and avoid the mistake of thinking that the pandemic is over. We must select the assets very well, keep monitoring the market, and make sure that we take the right decision. Finally, we are very happy to announce that our efforts have paid off and that we have found the perfect opportunity that we will manage to sell in the short term.

It is, in fact, the cheapest opportunity we have ever acquired in Cádiz, both in global terms and price per square meter. Moreover, the property and its building are in perfect condition.

The fact that we are buying it with a large price discount will allow us to sell the property afterward at a very attractive price. The average selling price in Idealista, for similar apartments, is set at € 2,304/m2. You can check it here. Our target sale price, however, is €1,825/m2; that is, 20% cheaper. If we also take into account that we will be selling the apartment in perfect conditions, with a vacational license, supplies, and fully furnished, we can agree that is a bargain compared to other apartments.

Once our apartment is on sale, it will be the second cheapest apartment in terms of price per square meter, in a very dynamic market like Cadiz. And it will be a fully refurbished vacation rental property.

The main characteristics of this opportunity are:

• Price: Despite its size, it is the cheapest property we have acquired in Cádiz, both in absolute terms and by price per square meter. Both the property and the building are in perfect condition.
  1. The acquisition price per square meter (€ 1,368 / m2) is 42% below the current offer price according to idealista (€ 2,304 / m2).
  2. The target sale price is below the current price according to idealista, which will allow us to sell the property in a short period of time.
• Location: it is located in the historic center of Cádiz. In the neighborhood of La Viña, very close to the Caleta beach. 107 meters from the iconic central market. Perfect location for tourists, students, families, coliving, etc.
• Typology: It is a large property, with 2 double bedrooms, kitchen, living room and bathroom, distributed in more than 74 square meters. It can accommodate up to 6 persons.
• The property has all the documentation in order. Building with past ITE, and we have confirmation from the president of the community that we can rent it as a vacation rental property.