Property for rent in Spain
A question we frequently get asked by clients is if they should be paying 1 or 2 months’ security deposit on renting out in Spain. The short reply is it depends.
In the midst of the coronavirus pandemic where the tourism sector has been heavily affected in Spain, Barcelona City Council has announced that it plans to ban the rental of rooms for less than a month to prevent the proliferation of tourist rentals in the city.
Investing in Spanish property to let it out (BTL) became a hugely profitable business over the last five years, yielding two digit returns year-on-year.
The main disadvantage of renting a house or flat for many people is the fact you pay your rent every month but in the end, you’re left with nothing to call your own, something many people see as a terrible waste of money. For this reason, many people prefer to buy property.
The leading real estate marketplace in Spain, idealista, has launched a new service that allows the creation and remote signing of rental contracts for real estate agencies, landlords and tenants. The service is easy to use and is free of charge.
It is in times of uncertainty and crisis that scams become more and more evident, with many people in many areas breaking the rules and laws for their own benefit.
When renting a house in Spain, many doubts and questions may arise, especially for expats and those moving to Spain for the first time. One question which comes up time and time again regarding rental contracts in Spain is regarding when a tenant can legally terminate his or her housing contract.
11-month rental contracts are watertight. Eleven-month contracts are a popular urban myth that somehow manages to perpetuate itself from one year to the next.
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.