Change of Use of Premises to Residential Use | Profitable Real Estate Developments
City Málaga
WHAT IS A CHANGE OF USE?
Change of use is a planning and technical procedure by which a property, such as a commercial space, warehouse or office, can be legally converted into a dwelling or other different use.
INVEST IN CHANGE OF USE
Change of use projects offer multiple advantages for investors:
1. High profitability
2. Reduced entry cost
3. Guaranteed appreciation
4. High rental demand
5. Flexibility of use
WHO CAN MAKE A CHANGE OF USE?
This type of operation can be carried out by any owner of premises that meets the legal and technical requirements, or by investors who acquire real estate for the purpose of this process.
WHAT IS THE PROCESS?
We have a method to execute and make profitable real estate developments through change of use. Detection of opportunities. Feasibility study.
Project drafting and licenses.
Execution of the work.
Legalization and registration.
Change of Use Malaga – Profitable Real Estate Developments
Converts premises into homes: a growing real estate trend
In a market where every square meter counts, the change of use of real estate -especially from commercial premises to housing- has become one of the most profitable opportunities for real estate investors in Malaga. This process, which allows the reconversion of spaces originally designed for commercial activity into housing units, is transforming the urban landscape of many cities such as Malaga.
In City Málaga, we are pioneers in detecting and executing this type of projects in an integral way, with the necessary technical and legal support to guarantee their success and profitability.
Do you want to contact City Malaga?
Send us a Whatsapp + (34) 657 566 031
or Call us now at +34 952 85 16 13
What is a change of use in real estate?
Safe and Profitable Investment with City Málaga
Change of use is an urban planning and technical procedure by which a property, such as a commercial space, warehouse or office, can be legally converted into a dwelling (or other different use). This transformation requires compliance with a series of urban planning, technical and regulatory requirements, and it is essential to have specialized advice.
This type of real estate development has established itself as an ideal strategy for:
Taking advantage of vacant premises in areas with high housing demand
Obtain profitability by renting or selling in the short term.
Increase the value of a property through a strategic renovation.
Revitalize neighborhoods with a new residential approach.
City Málaga:
Why invest in real estate developments with change of use?
Change of use projects in Malaga offer multiple advantages for investors:
High profitability
By converting a property into a home, the value of the property can increase between 30% and 70% depending on the location and quality of the renovation. It is an effective way to obtain quick capital gains and access to higher monthly rents if it is intended for rent.
Reduced cost of entry
All transactions are formalized before a notary, with a prior registry study, actuarial calculation and documented guarantees. In addition, the usufruct is clearly delimited to protect the interests of the investor and the usufructuary.
Guaranteed revaluation
Once the change of use license is obtained and the renovation is completed, the property enters the residential market, where demand is higher and more constant, which automatically increases its value.
High rental demand
Malaga is a city with a strong demand for tourist and residential rentals. A well located and refurbished property can achieve an annual gross profitability of 6% to 10%, depending on the chosen operating model.
Flexibility of use
The investor can choose to sell the finished property at a profit, rent it on a long-term basis, or use it for tourism if the regulations allow it, adapting his strategy to market conditions.
DO YOU WANT MORE INFORMATION?
City Malaga Financial Services
At City Málaga – Mas Vida we will be happy to answer your questions. Do not hesitate to contact us by calling , sending us a whatsapp or filling out the form.
Our process: from localization to sale
CHANGE OF USE
In City Málaga we have a proven method to detect, execute and make profitable real estate developments through change of use:
OPPORTUNITY IDENTIFICATION
We analyze the real estate market in Malaga and its surroundings to locate well located premises, with potential for conversion and with an attractive price. We use technical, legal and economic criteria to select only the assets with the greatest potential.
URBAN FEASIBILITY STUDY
Before any investment, our legal and urban planning team carries out a technical report that verifies the real viability of the change of use. We analyze parameters such as permitted land use, urban compatibility, compliance with habitability regulations and renovation possibilities.
PROJECT DRAFTING AND LICENSING
Our architects draw up the project of change of use and integral reform, adapted to municipal requirements. We manage all the procedures with the City Council to obtain the necessary licenses.
EXECUTION OF THE WORK
Our construction company partner, Proeco, is in charge of the execution of the project under a turnkey model: closed budget, time control, guaranteed quality and final delivery without surprises. All works comply with the energy efficiency and quality standards required by the current market.
LEGALIZATION AND REGISTRATION
Once the work is completed, we process the final certificate, the certificate of occupancy and the registration of the new use as a home, ensuring impeccable documentation to sell or rent without risk.
COMMERCIALIZATION OR EXPLOITATION
We offer the investor two options: to sell the renovated property with immediate capital gain or to manage it as a tourist or residential rental, depending on the financial objective.
Why make the change of use with City Málaga?
Secure and Exclusive Investments in Malaga
The conversion of premises to housing requires technical expertise, strategic vision and deep knowledge of the local market. At City Málaga we bring it all together in one team:
COMPREHENSIVE ADVICE
From the detection of the property to the commercialization of the finished product, we offer a complete, personalized and 100% transparent service.
LEGAL CERTAINTY
We have urban lawyers, architects and specialized technicians who take care of all the legal and administrative procedures, minimizing the investor’s risks.
PROVEN RESULTS
We have executed multiple projects with documented success, with value increases of more than 50% after change of use and renovation. Our success stories speak for themselves.
ALIGNED WITH YOUR OBJECTIVES
We do not sell works, we promote profitability. Each project is a tailor-made investment designed to achieve the expected profit in the shortest possible time.
Why choose us
City Málaga
More than 15 years of experience in the Malaga real estate market.
Proprietary network of investors, developers, lawyers and architects
Absolute transparency: no fine print
Personalized attention at all times
Profitable and viable operations, rigorously selected
Specialization in safe and legal real estate investments
How to contact
City Málaga
WHATSAPP
You can contact us by Whatsapp at any time. We will attend you in the hours enabled
TELEPHONE
These are our telephone numbers:
+ (34) 657 566 031
+ (34) 952 85 1613
EMAIL
You can send an email to our email info@citymalaga.com