A parking space is the property asset with the lowest barrier to entry: you can buy one from €15,000-20,000 in medium-sized cities and from €30,000-50,000 in big cities. Simple to manage, with almost no maintenance. But are electric cars and public transport eroding demand?
Current yields
In Madrid, a space in a central neighbourhood lets for €150-250/month. Bought for €30,000-35,000 → gross yield of 6-8.5%. In medium-sized cities, purchase prices of €12,000-25,000 with rents of €50-100/month → gross yield of 5-8%.
The electric car opportunity
Electric cars don't reduce demand for garages, they transform it: garages with a charger are increasingly in demand and command a premium of €20-40/month. Installing a charger (cost: €800-1,500) can increase the asset's yield and value.
The advantages as an investment
- Low entry price, so you can diversify with little capital
- No eviction problems: if the tenant doesn't pay, you get the space back without going to court
- High liquidity: easy to sell to owners in the building or to investors
- Practically no maintenance
Look for garages at auction: Browse RadarPro's inventory of court auctions filtered by property type, or use the AI analysis to calculate the yield.
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