“We cannot trust the Spanish pension system.” Pedro Breton
Most savers want to secure their savings. “We live in a situation in which we cannot trust the pension system,” says Pedro Bretón, CEO of SEAG (Spanish Guaranteed Rental Company), and adds that it is important to “create a financial umbrella to have a secure retirement.” . The market for buying an apartment to rent can bring returns of around 17%, the CEO has assured, there is a return for the money we contribute and for the fees paid.
For this reason, the rental sector allows you to increase your assets, since in addition to the revaluation of the property you can later obtain a constant monthly income. The problem, according to Bretón. could arise if, after having contributed the capital for the property, the tenant does not pay, which is why the SEAG company has developed a system to guarantee payment of the rent. The company is responsible for paying the owner every first day of the month, even if the tenant does not pay, in addition to mediating with the tenant and managing the payment of the debt, guaranteeing peace of mind for the owner, stated Pedro Bretón.
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