Guide to Renting a Property in Spain - Guide for 2021 (2024)

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Immigrating to Spain implies completing various steps, among which finding housing once the visa has been obtained, searching for a property to move to should be next. However, a foreign citizen seeking to move to Spain can also start looking for a property before the formalities of obtaining the necessary visa are begun. From this point of view, searching for a property to rent in Spain would be ideal.

Below, our immigration lawyers in Spain have compiled a short guide on renting a property in this country. If you need legal support in immigration to Spain, our lawyers are at your disposal with complete support.

Why rent a property when immigrating to Spain?

Foreign citizens moving to Spain have two dwelling options: the purchase or rental of real estate. While the first option will enable foreigners to actually own properties in Spain, the second one is more suitable for those prospecting the market. However, there are several other reasons why one should consider renting a property in Spain before taking the step of buying one.

Those who don’t know the exact region where they want to live are advised to rent a property and see if it suits their living intentions and even lifestyle. Also, for those interested in not spending all their savings, rental is the best option when moving to Spain.

Also, when renting a property in Spain as a foreign citizen, it is also good to know that there are several legal aspects to consider. From this point of view, you can rely on our immigration lawyers in Spain. They will also explain the procedure of obtaining a residence permit in Spain.

After 10 years of residing in Spain as a non-EU citizen, you can apply for nationality and become a Spanish citizen. The largest drawback of using this method to gain long-term residency is having to give up your original nationality. You can rely on our lawyers for more information on the requirements associated with citizenship in Spain.

Foreign nationals who relocate to Spain to work remotely do not require visas because Spain is an EU member. However, non-EU nationals must fulfill certain standards, such as to participate in the Spanish nomad visa scheme. Our local immigration attorneys can help you apply and can explain its conditions in detail.

How to find a property for rent in Spain

Immigrating to Spain implies taking a huge step and a complete change in one’s life, especially when coming from outside Europe, such as theUSA. This is why it is best to start searching for a property for rent before the actual move. There are several ways of looking for a property for rent in Spain, among these newspapers and local real estate agencies being the most popular. Also, when choosing to work with a real estate agency, foreign persons are safer when choosing the property to rent.

If you are looking to emigrating to Spain, our lawyers can guide you through the entire procedure which implies choosing the right type of visa, preparing the necessary documents and filing them with the appropriate authorities. Our immigration lawyers can help you obtain any type of visa you need, including a Spanish golden visa. This program is also one of the fastest ways to Spanish citizenship.

Real estate rental legislation in Spain

Those who have decided to immigrate to Spain and rent a property should know that they will benefit from protection under the legislation which secures the relation between tenant and landlord. According to the Spanish legislation:

  1. renting a property in Spain implies signing a contract with the landlord which can be a short or long-term agreement;
  2. based on the duration of the stay, the rights of the tenant are more extensive (the longer the rental period, the more extensive the rights of the tenant);
  3. the landlord has the obligation of registering the tenants with the Spanish authorities;
  4. the landlord cannot enter the property without the written consent of the tenant;
  5. the tenant is required to submit proof of his/her residence in Spain and of being able to support the rental costs.

In most cases, rental agreements are signed for 6 to 12 months and are considered short-term contracts, while long-term contracts are signed for a period starting with 12 months. It is also useful to know that one can negotiate the rent, however, the landlord has the right to modify the cost of the rent during the contract. It is also possible for long-term rentals for the landlord to propose the extension of the contract for up to 3 years for those looking for a stable place to stay.

Another aspect to consider when renting a property in Spain is that the tenant will be required to provide personal information to the landlord who, in some cases, must register the tenants with the National Police in Spain.

Spain is a very safe country to emigrate to and it is also a safe place to rent a property in. This is why, if you need support in Spain immigration, you can rely on our lawyers. This is also one of the ways in which you can obtain Spanish citizenship.

The purchase of a property, on the other hand, is an option for those who want to obtain a golden visa in Spain.

Find a property before moving to Spain

If you have already decided to migrate to Spain, finding a place to stay is definitely on your to-do list. Here are a few tips on finding rental in Spanish cities:

  • carefully plan your budget and include the rent plus the utility bills;
  • based on your budget, just like everywhere else in the world some cities are more expensive, while others are cheaper;
  • if you relocate for work, you can choose the outskirts of the city – rent is usually lower there;
  • you can also look into suburban areas near cities or towns, as these are quite developed, plus, you will have a magnificent view.

Even if Barcelona and Madrid are usually preferred by most foreigners, you should also know that they are full of tourists almost the entire year which has led to high rents.

Another tip in this guide on renting a property in Spain is to select two or three apartments or houses in order to make sure you have a second choice. You can also use the services of a real estate agent who can show you multiple properties and let you know the advantages and disadvantages of each.

Once you have rented the property, you should know that deposits are usually common in Spain. These can consist of one or two monthly rents paid in advance.

Please note that if you decide to immigrate to Spain through the golden visa, you will need to buy the respective property which must also have a minimum value established by the government.

Our immigration lawyers in Spain are at your service with legal information on how to rent a property here and the documents you need to prepare, as there are some papers you will need to present with the authorities.

Documents required to rent a property in Spain as a foreigner

Here are the documents you need to prepare upon renting real estate in Spain:

  • proof of the ability to pay the rent (bank statement, employment contract, payslip);
  • the tax identification number (NIE);
  • the passport.

There are also situations in which some landlords can ask for references.

Our immigration lawyers in Spain can guide you through the procedure of obtaining a provisional NIE number followed by the permanent one.

What are the most common types of rentals in Spain?

Spain is a beautiful country and apart from its landscapes, the architecture is one of its jewels. Here, the old and the new combine and offer a large variety of places you can live in.
Here are the most popular types of real estate among which you can also choose to live in when relocating to Spain:

  • apartments which are found in cities and towns alike;
  • townhouses which are semi-detached properties that you would share with at least another family;
  • villas which are suitable for large families;
  • rural houses are also an option if you have your own means of transportation.

The choice should be made based on the number of persons that will live in the respective place and, of course, the budget. Then, you can also consider the amenities and other aspects, such as closeness to work, schools, and hospitals, as well as other points of interest, however, the Spanish infrastructure is flawless so you don’t need to worry if you will live at the outskirts, for example.
You can rely on our immigration lawyer in Spain for more information on the Real Estate Law.

The main costs associated with property rentals in Spain

Apart from the rent, there are also other maintenance costs associated with renting a property in Spain. Among these, utilities (gas, electricity, water, internet and cable TV) along with small repairs will usually fall on the tenant. However, you should make sure the rental contract stipulates exactly what these costs are.

An important aspect of the Real Estate Law that you should consider when renting a property in Spain is that the rent must usually be paid by the 7th day of the month. Otherwise, the landlord is entitled to claim the payment through special proceedings.

As a renter, you are entitled to terminate the contract based on previous 30-day notice.

The average rental price in Spain

When looking to rent a property in Spain, you should know that at the level of 2021, the minimum average rent for an apartment ranges between 650 – 700 euros. Per square meter (sqm), the average price is around 8 euros, however, in cities like Barcelona, Bilbao, Palma de Mallorca, and Madrid the average exceeds 13 euros/sqm.

Among the most popular cities in which expats live are Bilbao, Valencia, Malaga, and Seville.

No matter if you decide to move to Spain and rent or buy a property, you can rely on our immigration lawyers for all the legal aspects of your relocation.

The real estate market in Spain

There are many large cities, such as Madrid and Barcelona, but also smaller ones in which one can rent a property. The real estate market in Spain is quite different from region to region, which is why when deciding to immigrate to Spain, it is best to first search for more options before deciding.

In Spain, in 2018:

  • property prices increased by 8.7% in large cities like Barcelona and the capital;
  • in metropolitan areas, the increase was not that high, reaching 3.5%;
  • in towns, the average housing prices increased by nearly 2.9%;
  • the average price transaction decreased by 4.3% in the 3rd quarter of the year in urban areas.

For legal assistance in renting a property when emigrating to Spain, please contact our lawyers. You can also rely on us when applying for a residence permit in Spain.

Guide to Renting a Property in Spain - Guide for 2021 (2024)

FAQs

What are the new rules for renting property in Spain? ›

The New Changes in the Spanish Housing Law for 2024
  • If landlords reduce rent by 5% over the previous contract, they will receive a 90% reduction for rental properties in 'stressed market areas'.
  • There will be a 70% deduction for rentals to people between 18 and 35 in stressed market areas.
Jan 8, 2024

What documents do I need to rent a house in Spain? ›

How to rent a property in Spain
  • Evidence of employment or ability to pay the rent.
  • Tax identification number (if you are working)
  • Passport or ID.
  • Personal references.

How do you rent your property in Spain? ›

To rent out a property in Spain you will need to have the following documents:
  1. Cédula de habitabilidad. This is a certificate of occupancy and is issued by an architect. ...
  2. Certificado de Eficiencia Energética. This is the Spanish name for an energy efficiency certificate. ...
  3. Property Deeds.
Nov 25, 2023

Do I need a Spanish bank account to rent a property in Spain? ›

By law, landlords must ask for a one-month deposit from the tenant. This is stated in Article 36 of the Urban Leases Law (LAU) and is compulsory for both foreign and national tenants. Foreign tenants must have a Spanish bank account to pay the utility bills and the rent.

What is the 2 rule for rental properties? ›

What Is the 2% Rule in Real Estate? The 2% rule is a rule of thumb that determines how much rental income a property should theoretically be able to generate. Following the 2% rule, an investor can expect to realize a positive cash flow from a rental property if the monthly rent is at least 2% of the purchase price.

What tax do you pay for renting property in Spain? ›

Residents in Spain – tax rates range from 19% to 47%. EEA tax residents renting property in Spain – a flat rate of 19% is applied to your rental income. Non-EEA tax residents renting property in Spain – if you are not an EEA tax resident, you're liable for tax at a flat rate of 24% on your rental income.

How to rent in Spain as an American? ›

Short-Term Rentals
  1. employment contract including the last-three month's payment slips, or proof of financial means such as the latest tax return;
  2. NIE (Spanish tax identification number);
  3. passport, ID;
  4. one month's rent as reservation fee (if you rent through an agency);
  5. private guarantor (in some cases).

Can a non resident rent a house in Spain? ›

How long can you rent in Spain without residency? In Spain, you can rent a property as a non-resident for any duration agreed between you and the landlord. There is no specific time limit on non-resident renters.

Are utilities included in rent in Spain? ›

How much do utilities cost in Spain? (€74.50/month) Our rent doesn't include any utilities (some apartments do), so on average every month we pay: Electric — €15/month. Gas (hot water, heat) — €35/month.

Do I have to pay tax on rental income in Spain? ›

For tax purposes, the Spanish tax authorities consider any money you receive from letting a property as part of your taxable income. It must be declared annually, and you are liable for tax. It is important to first deduct eligible expenses and then if applicable, apply further deductions.

Do I need a licence to rent my property in Spain? ›

The touristic rental is a license that will allow you to rent out your property as a tourist accommodation. There is no fixed term for a rental to be considered as touristic, but the important feature is its purpose. When it's rented for tourist, holiday or leisure purposes, a touristic license will be required.

How much are rental management fees in Spain? ›

How much are property management fees in Spain? The property management company's services are less expensive in Spain than anywhere else in Europe. They often charge 10% to 15% of the rental price for long and short-term rentals, and this commission includes house upkeep. The typical average fee is around 10%.

Where is the cheapest place to rent in Spain? ›

The top five most affordable towns are another town in Jaen – Linares – with a monthly rent of €4.70/m2; Puertollano in Ciudad Real (€4.90/m2 per month); Naron in A Coruña (€5/m2 per month) and Lucena in Cordoba (€5.10/m2 per month).

How much money do you need in the bank to get residency in Spain? ›

In calculating the proof of income for non-lucrative residency, you must have an annual income of 400% of IPREM in your bank account. The IPREM for 2023 is €600 per month. Therefore, as an individual, you will need to have €2,400 as a regular guaranteed monthly income or a yearly income of €28,800.

How much bank balance is required for Spain? ›

The money you need to present to a Spanish embassy or consulate for your Spain visa is regulated by the Ministry of the Presidency of Spain (PRE/1282/2007). It is set at a minimum of €100 per day, with a minimum of €900 per person regardless of the intended duration of the stay.

What is the new immigration law in Spain in 2024? ›

CHANGES IN 2024:

The reform seeks to eliminate redundancies and confusion caused by similar permits and authorizations. Apart from legal changes, a shift in perspective is necessary in immigration offices, moving away from a restrictive interpretation.

How long can I stay in Spain if I own a house there? ›

Now, as with any other country in the European Shengen area, you are allowed to stay in Spain for up to 90 days in any 180-day period visa-free. For most people buying a property in Spain as a holiday home or those who will split their time between Spain and the UK, this is ample.

Can you rent a property in Spain for 3 months? ›

Short-Term Renting in Spain (Contratos de arrendamiento de temporada) The most common form of rental agreement in Spain, a short-term contract can last anywhere up to 12 months. These contracts cannot be extended and require you to vacate the premises upon the end of your tenancy.

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