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Affordable investment in parking space

Investing in parking is an accessible, hassle-free and future-proof investment with a good return. In city centres especially, demand is on the increase as many cities make the switch to paid parking. The purchase price and required own funds are much lower than for residential real estate. Investing in parking is the ideal first step for beginners who are looking to invest, although it is an equally interesting option for experienced investors. You get a good return on any investment upwards of 20,000 euros. Much more profitable than letting your cash lie dormant in a savings account!

Many benefits, almost no expenses

Renting out parking spaces has lots of other advantages. The likelihood of tenants defaulting is low. The risk of damage by tenants is extremely limited. Is your parking space located in a newbuild? No need to worry about unexpected expenses. Want to sell your parking space (after at least 5 years)? In that case, you reap the benefits of the capital gains without having to pay tax on it. Another tip: parking spaces with a charging point for electric vehicles are even more popular.

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Lenient legislation

Investing in parking space is a hassle-free investment. The renting of parking spaces does not fall under the residential tenancy act, but under general tenancy law, which is much more lenient. In principle, even a verbal agreement is sufficient, although we always recommend putting any agreements (e.g. provisions about annual rent indexations) on paper.

Flexible renting

You determine the duration of the lease and the rental deposit yourself. You can even request pre-payment. Do you prefer an open-ended rental agreement? The notice period is just 1 month in that case. That way, you can get rid of unreliable tenants relatively easily. 

 

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Are you interested in investing in parking space? Our advisors are happy to discuss the available parking space in our developments.


 

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