Property for rent in Spain
The COVID-19 pandemic and the potential economic crisis in Spain caused by it, together with some changes in property valuations made by Banco de España (the Bank of Spain) are just some of the reasons why potential house buyers in Spain without sufficient savings will not be able to access a mortga
The COVID-19 state of alarm has been in force for over two months now, a reality that for some citizens living in flats without gardens, terraces or balconies and in the middle of a city can be a challenging task.
Tenants who are in a situation of economic vulnerability due to the coronavirus crisis in Spain may request a moratorium or cancellation of rent from their landlord until 2nd July 2020, as established by the Royal Decree Law 16/2020, which has extended the application period to three months.
More and more people and families are choosing to have a pet at home.
In 2020 the advantages of the Internet are endless and at the moment, we can take advantage more than ever due to the coronavirus outbreak which has left Spain housebound: you can comfortably buy food, clothes or gadgets without having to leave your home.
The Spanish government has approved an aid package of measures focusing on helping struggling rental tenants in the country. According to calculations made by the government, some 500,000 tenants could be affected by the economic consequences of the coronavirus outbreak.
The Spanish government has launched a series of measuress to "save" rental tenants who, due to the loss of income as a result of the COVID-19 outbreak, cannot afford to pay rent. Some rental companies have already begun to apply rent arrears and even waivers for their tenants.
1% of all properties that are listed for rent on idealista have a surface area of less than 30 m2. Only 0.1% of these have less than 20 m2, according to a study published by idealista.
Renting with the option to buy is one of the most recurrent contracts today in Spain, although it isn't as easy as it seems.
The bad thing about renting a flat is that you pay your rent every month but in the end it just goes into someone else’s pocket and you’re left with nothing to call your own, something many people see as a terrible waste of money. It's much better to buy a house, of course, but it's so expensive...
The rise in the cost of renting in Spain is worrying not only politicians, but also the private sector. Faced with a lack of supply in some Spanish cities and an increase in demand, rental prices have risen faster than wages.
For many this topic may seem rather pointless or futile; but the fact of the matter is that if you fail to cancel a lease agreement properly in Spain, it may have serious legal (and financial) repercussions for the tenant.