Madrid-bound Gareth Bale is likely to rent a villa from Kaká in a luxury urbanisation popular with Real Madrid players, with a rental yield that suggests housing there is too expensive, if press reports are correct.
Welsh footy star Gareth Bale, Real Madrid’s second most expensive signing, is expected to move in a few doors away from Cristiano Ronaldo, the most expensive signing, according to El Mundo, a leading Spanish daily.
Bale is expected to rent a villa belonging to ex-Madrid player Kaká in the La Finca urbanisation in Pozuelo de Alarcón, for 12,000 Euros a month.
The house, built by the architect Alfonso Azqueta, is reported to have two floors plus basement, 1,400m2 built, a private indoor pool and gym. “It’s more than 90pc probable that he will go for this property,” a source told El Mundo.
Kaká bought the property in 2010 for 7.2 million Euros, which implies a miserable gross rental yield of 2pc. If that is typical of rental yields for luxury properties in Pozuelo it sounds like prices are still way too high compared to rents.