From picturesque coastal towns to bustling city centers, Spain offers a wide array of options for anyone hoping to find their dream location and property abroad. As in most countries, prices vary enormously, with the most expensive places in the center of the biggest and most popular cities such as Madrid and Barcelona.
In general, rents are quite high in Spain, especially in the major metropolises. However, away from the big cities and economic centers, prices remain affordable. Do your research well, and you are bound to find something within your budget.
Overall, Spain offers a wide range of properties for expats to buy or rent, catering to diverse preferences and lifestyles. They include coastal and city center apartments, traditional farmhouses, suburban homes, penthouses, luxurious villas and traditional townhouses.
Best places for expats in Spain
Following are some of the most popular places in Spain for expats to live, each with its unique charm, welcoming atmosphere and countless attractions. Whether you're drawn to the lively streets of Barcelona, the Costa del Sol's relaxed lifestyle, or Seville's enchanting beauty, Spain has something to offer for every expat with a desire for adventure and an appreciation for the Spanish way of life.
Barcelona
Known for its vibrant arts scene, beautiful architecture and beach lifestyle, Barcelona is a top choice for expats. It offers a perfect blend of modern amenities and rich cultural experiences.
- The average monthly rent in Barcelona for a 1-bedroom city center property is 940.11 Euros.
- The average monthly rent for a 1-bedroom property outside of the city center is 719.48 Euros.
Madrid
Spain's capital city, Madrid, is a bustling metropolis with exciting nightlife, world-class museums and excellent job opportunities. It attracts expats from all over the world.
- The average monthly rent in Madrid for a 1-bedroom city center property is 1,002.67 Euros.
- The average monthly rent for a 1-bedroom property outside of the city center is 752.06 Euros.
Valencia
Located on the eastern coast of Spain, Valencia offers a desirable Mediterranean lifestyle with its beautiful beaches, mild climate and affordable cost of living.
- The average monthly rent in Valencia for a 1-bedroom city center property is 818.33 Euros.
- The average monthly rent for a 1-bedroom property outside of the city center is 611.11 Euros.
Seville
Famous for its rich history, flamenco music and tapas culture, Seville enchants expats with its old-world charm, picturesque streets and warm climate.
- The average monthly rent in Seville for a 1-bedroom city center property is 646.68 Euros.
- The average monthly rent for a 1-bedroom property outside of the city center is 472.47 Euros.
Malaga
Situated on the southern Costa del Sol, Malaga is a popular expat destination with its stunning beaches, vibrant culture and affordable cost of living.
- The average monthly rent in Malaga for a 1-bedroom city center property is 824.38 Euros.
- The average monthly rent for a 1-bedroom property outside of the city center is 649.55 Euros.
Alicante
Known for its beautiful weather, miles of sandy beaches and relaxed lifestyle, Alicante attracts retirees and expats looking for a peaceful life by the sea.
- The average monthly rent for a 1-bedroom city center property is 657.50 Euros.
- The average monthly rent for a 1-bedroom property outside of the city center is 585.71 Euros.
Marbella
Located in the glamorous Costa del Sol region, Marbella is renowned for its upscale lifestyle, luxury yachts, golf courses and sunny climate.
- The average monthly rent for a 1-bedroom city center property is 925.00 Euros.
- The average monthly rent for a 1-bedroom property outside of the city center is 833.33 Euros.
Granada
Home to the majestic Alhambra palace, Granada offers a unique blend of medieval architecture, bohemian atmosphere and breathtaking views of the Sierra Nevada mountains.
- The average monthly rent for a 1-bedroom city center property is 616.67 Euros.
- The average monthly rent for a 1-bedroom property outside of the city center is 480 Euros.
Tenerife
As the largest of Spain's Canary Islands, Tenerife boasts a subtropical climate, stunning landscapes and a relaxed way of life that makes it a popular choice for expats.
- The average monthly rent in Tenerife for a 1-bedroom property in the center of Santa Cruz de Tenerife is 694.44 Euros.
- The average monthly rent for a 1-bedroom property outside of the center of Santa Cruz de Tenerife is 538.89 Euros.
Bilbao
Located in the northern Basque Country, Bilbao is known for its modern architecture, gourmet cuisine and rich cultural scene, making it an appealing destination for expats seeking a cosmopolitan lifestyle.
- The average monthly rent for a 1-bedroom property in the city center is 935.71 Euros.
- The average monthly rent for a 1-bedroom property outside of the city is 780 Euros.
Renting accommodation in Spain
Typical rental contracts in Spain are drawn up for 12 months and renewed annually. The standard practice is for landlords to give long-term tenants the right to renew the contract for up to five years. The landlord can increase the rent or take the property back during this time, provided they give you sufficient notice. If you want to vacate the home before your contract is up, you may have to continue paying rent until the contract ends.
A typical rental agreement in Spain contains various clauses establishing the terms and conditions between the landlord and the tenant. These agreements are legally binding and aim to protect the rights and obligations of both parties. They will outline the duration of the rental period (indicating the start and end date), the amount of rent to be paid and the payment method, typically monthly. They will also specify any additional fees, such as utility bills, community charges, or maintenance costs.
The rental agreement might also address issues such as subletting, the presence of pets, insurance requirements, and limitations on the number of occupants. Additionally, they may include clauses on the termination of the contract, the notice period required by both parties and the consequences of early termination.
Tenancy agreements in Spain are valid, whether verbal or written. It is advisable to get everything in writing to avoid misunderstandings and mistranslations. Before signing on any dotted line, make sure that the lease contract clearly specifies your obligations and those of the landlord.
If you're looking for a rental period of less than a year, you may be able to find a place for six months with a rolling contract afterwards.
Before you move in, your landlord will ask for a deposit of one month's rent in advance. This will be held in a separate account and given back to you at the end of your contract, provided there's no damage to the property or its contents. Additionally, the landlord may ask for an extra deposit (fianza) to protect them against possible non-payment (this is capped at two months' rent unless the rental period is longer than five years).
Important:
Landlords in Spain can only increase the rent once every 12 months, and even then, only if it's been established in the rental agreement's terms.
Warning:
Never hand over cash for a deposit because it doesn't offer the same proof of payment as a cheque, credit/debit card, or bank order.
You can read the full details of Spain's rental laws (in Spanish) on the government's website.
How to find a rental property in Spain
The most common ways to find a property in Spain are through an estate agent, word of mouth or searching through classified ads online and in newspapers. The internet is probably the best place to start as this will give you a good feel for the types of properties and their prices. It's a good idea to register with several property rental agencies in the area where you want to live. Outline your budget and preferences, so they can call you as soon as something within your price range and parameters becomes available.
If you don't have a big budget, you can opt for flat sharing (piso compartio), a cheap and popular option. Many websites are dedicated to flat sharing in Spain.
When it comes to viewing properties, try and avoid the busy summer months of June and July. If you're planning to stay in a university town or city, the most hectic time will be just before the academic year starts, when many students will also be looking for a place to live.
Important:
Often, property descriptions vary in accuracy. So be sure to check that what you're expecting to see exists when viewing properties.
How to find cheap rentals in Spain
Finding cheap property rentals in Spain can be challenging, especially as many affordable options get snapped up quickly. So staying ahead of the game will give you an advantage. Here's how:
- Research online platforms: Use popular online platforms such as Idealista, Fotocasa, and Pisos.com, which have extensive listings of rental properties in Spain;
- Local classifieds: Check local classifieds in newspapers or online platforms like Mil Anuncios where you may find more affordable accommodations;
- Join expat communities: Become part of expat forums and communities dedicated to Spain, where members often share advice, recommendations, and even rental opportunities within their networks;
- Seek help from relocation agencies: Consider reaching out to relocation agencies that specialize in helping expats find rental accommodations within their budget;
- Local connections: Tap into any local connections you may have in Spain, such as friends, family, or acquaintances, who may have knowledge of affordable rentals or can offer recommendations;
- Negotiate your rent: In Spain, there is often room for negotiation regarding the rental price, especially if you plan to stay for an extended period. Don't hesitate to negotiate the rent with the landlord or agency;
- Consider shared accommodations: Opt for shared accommodations, such as renting a room in an apartment or house, as this can significantly reduce rental expenses;
- Explore less touristy areas: Look for rental opportunities in areas that are further away from major tourist spots, as these locations often provide more affordable options;
- Visit local real estate agencies: Visit local real estate agencies in the area you intend to live in. They may have listings that are not available online or can offer alternative budget-friendly options;
- Be flexible with location and amenities: If you are on a tight budget, consider being flexible with your preferred location or amenities. Being open to different neighborhoods or sacrificing certain amenities can help you find more affordable options.
Rental property inventory in Spain
Your landlord/estate agent/rental agent should provide you with a complete inventory of items within a property before you move in. However, if this isn't offered, you should make an exhaustive list of items, such as furniture and appliances and their condition and take photographs. Attach everything to the lease agreement. If anything is faulty, ask them to be repaired or replaced before signing anything.
Good to know:
When renting a property in Spain as an expat, you will typically need to provide a set of documents to complete the rental process. The exact requirements may vary depending on the landlord or rental agency, but the following list generally covers the essential documents:
- A Spanish bank account
- N.I.E. (Foreigners Identity Number)
- Your residency certificate/document
- A passport or ID card
- An employment contract if you are employed
- Proof of income. This can include pay slips, bank statements, employment contracts or tax returns
- References from previous landlords if you have rented before.
Spanish housing market
Similar to the housing markets of numerous countries, the Spanish housing market experiences fluctuations and uncertainties. The market's cyclical nature can bring benefits and challenges to homeowners and investors.
If you are looking to buy a property in Spain, now might be a good time as prices look set to fall following a buoyant 2022.
Despite experts agreeing that house prices in Spain will decline in 2023, there is disagreement regarding the extent of the decrease. Pisos.com predicts a modest decline of 1 to 3% while also suggesting that Spain's most active markets will see minimal changes. On the other hand, ING foresees a small increase of 1%, while BBVA Research expects a slightly higher rise of approximately 2%.
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