Compared to its western European neighbors, Spain offers very low living costs. However, rent might end up eating a sizable chunk out of your paycheck each month. The majority of Spaniards own their houses, making the rental market there very competitive and pricey.
If you are planning to move to Spain to stay around for long duration, then you do not have to worry about where you will stay. You can now find long term rentals at Kuhamia.com and make your choice.
Most Spanish tenants are under 35. The majority of Spaniards make their homes in apartment complexes or other types of multifamily structures. Historically, landlords have often been the property owners themselves. However, the number of experienced landlords and business enterprises has increased in recent years.
Should you buy or rent when moving to Spain?
The Spanish government does not impose any barriers on foreigners who want to purchase real estate inside the country. This is why a lot of people moving abroad end up buying a house in Spain. A substantial property gains tax is something to keep in mind, however. As a result, buying a house may not be the best short-term investment option.
Renting a home in Spain might be a better option if you don’t intend to stay there for very long. Renting is a practical option for travelers and those trying to figure out where in the country they would want to settle down.
What types of property can I rent in Spain?
The most common rental property in Spain’s major cities is an apartment or flat. Studio flats are the smallest, while luxury penthouses may be two stories tall.
Most townhouses are located on the fringes of larger cities. In tourist regions, it is not uncommon for townhouses to share a swimming pool and other outdoor amenities with nearby hotels.
Villas are often used as vacation houses or as a second residence for Spaniards living abroad. As part of a larger community, villas may share a swimming pool and other facilities. They could even have their own yard and swimming pool!
There are farmhouses and manor residences for those seeking a rural lifestyle in Spain. Since rental prices for big homes with plenty of outdoor space tend to be lower in rural Spain than in the cities and coastal tourist regions, this might be a good option for you.
What is the approximate rental cost in Spain?
While prices may vary depending on the region, we have prepared the average monthly cost of most rental units below:
Rate for a single bedroom in the heart of the city: €750
Rental rates for a single bedroom outside of the downtown area start at €600
Rent for a three-bedroom apartment in the heart of the city: €1,250, and €950 for a three-bedroom apartment outside of the city
In summary, if you are planning to move to Spain, you can get affordable rental units for your needs.
Help keep news FREE for our readers
Supporting your local community newspaper/online news outlet is crucial now more than ever. If you believe in independent journalism, then consider making a valuable contribution by making a one-time or monthly donation. We operate in rural areas where providing unbiased news can be challenging. Read More About Supporting The West Wales Chronicle
