Analysis and judgement, without the noise
Reflections on real estate investment, income-producing buildings and our approach to deal selection — written for investors who prefer to understand before deciding.
Industrial and Logistics Properties: A Booming Asset with Its Own Rules
Why industrial and logistics properties have become one of the most sought-after asset classes, and what to assess before investing.
Read article →How to Build a Real Estate Portfolio
Criteria for building a balanced real estate portfolio: diversification by asset type and geography, yield versus liquidity, and a progressive growth strategy.
Read article →How to Negotiate the Price of an Income-Producing Building
Strategies and arguments for negotiating a property purchase: seller analysis, NOI, valuation, terms and when to walk away.
Read article →What to Review in a Lease Agreement Before Buying a Building
The key clauses of a commercial lease every buyer should analyse: term, rent review, expenses, guarantees and assignment rights.
Read article →Inflation as the Property Investor’s Ally
Why income-producing real estate with CPI-indexed rents is an effective hedge against inflation, and when the protection works best.
Read article →REITs vs Direct Investment: Which Option Fits Your Profile
Comparing Spanish REITs and direct property ownership: liquidity, control, tax treatment and expected returns for each approach.
Read article →Commercial Property Rental Taxation in Spain
How letting retail units, offices and industrial properties is taxed under IRPF and Corporation Tax, with key deductible expenses and optimal structure.
Read article →What Is an Income-Producing Building (And Why It’s at the Heart of Our Strategy)
Why assets that already generate income offer a very different risk profile from development or land, and how they fit into a long-term strategy.
Read article →Selection, Analysis, Discretion: How We Evaluate Every Deal
What INVARA’s three pillars mean in practice, from the first filter on an opportunity to closing the deal.
Read article →Five Questions to Ask Before Investing in Real Estate
A concise guide with the key questions every investor should consider before committing capital to a real estate asset.
Read article →Gross Yield vs Net Yield: The Difference That Changes Every Investment Decision
Why confusing these two metrics can lead to overpaying for an asset, and how to calculate each one rigorously before committing capital.
Read article →Why Zaragoza Is One of Spain’s Most Attractive Markets for Real Estate Investment Right Now
Strategic logistics position, yields of 5.5–7% and a market with very limited institutional supply: the factors that make Zaragoza a live opportunity.
Read article →Real Estate Due Diligence: What to Review Before Signing
The four areas every buyer must audit — legal, technical, financial and planning — and the most common mistakes made by skipping any one of them.
Read article →How to Calculate the Yield on a Property, Step by Step
Clear formulas for calculating gross yield, net yield and the real cap rate, including all acquisition costs that are often overlooked.
Read article →What the Vacancy Rate Is and Why It Matters More Than It Seems
How a percentage that sounds technical can tell us whether an asset has a structural problem or is simply waiting for the right tenant.
Read article →