Long-term rental in Spain – what is worth knowing before you become a tenant?
Long-term rental in Spain is becoming an increasingly popular option among people dreaming of living in a sunny climate, close to the sea, and surrounded by Spanish culture. Spain long-term rental is a topic that raises many questions – both among those planning to move and those who want to spend a few months in this country, working remotely or enjoying the charms of Southern Europe. In this article, we answer the most frequently asked questions and give tips on what to pay attention to before deciding on a long-term apartment rental in Spain.
What will you find in this article?
How much does long-term rent in Spain cost?
Prices for long-term rent in Spain vary greatly and depend on many factors. The most important are location, property standard, size, and season. Long-term rental of a property in Spain in large cities such as Madrid, Barcelona, or Valencia is more expensive than in smaller towns or rural areas. For example, long-term rent of an apartment in Spain of 50-60 m² in the city center of Madrid can cost from 1500 to 2500 euros per month, while in suburbs or smaller towns, prices start from 900 euros.
Long-term rent of about 300m² house in Spain, especially in tourist regions such as Costa del Sol or Costa Blanca, is much higher.
On Costa del Sol, prices for long-term rental of houses about 300 m² start from 4000 – 5000 euros per month. In the most prestigious locations, with sea views, a pool, and modern standards, prices can reach 8,000 – 10,000 euros per month (and more).
On Costa Blanca, it’s a bit cheaper: average prices start from 2500 – 3500 euros per month for a house in a good location, with a garden and a pool. Luxury villas on the first line of the coast can cost 5000 – 7000 euros per month.
It’s worth remembering that long-term rent in Spain is often associated with additional costs such as utility fees (electricity, water, gas, internet) and a deposit, which usually amounts to the equivalent of two months’ rent. However, long-term rental in Spain is significantly cheaper than short-term rental, especially in the holiday season.
Long-term rental is also a much more stable way of earning money for investors than short-term rental. This is due to changes in legal regulations introduced by the Spanish government this year, which have shaken up the tourism rental market. More about these changes can be read here:
How to find a long-term rental apartment in Spain?
Long-term rental of an apartment in Spain is a topic that requires patience and good organization. The most popular way to find an apartment is by using online listing portals. It’s also helpful to follow social media groups dedicated to long-term rentals in Spain, where offers directly from owners often appear. Long-term apartment rental in Spain can also be arranged through local real estate agencies, which assist with formalities and negotiations with landlords. When searching for an apartment, it’s important to pay attention to the location – proximity to public transport, shops, schools, or the beach. Long-term rental in Spain is especially popular among foreigners in regions such as Andalusia, Valencia, Catalonia, or the Canary Islands. However, it is worth noting that in some cities, demand for long-term rentals exceeds supply, so decisions need to be made quickly.
What does a long-term rental agreement in Spain look like?
A long-term rental agreement in Spain (contrato de arrendamiento de larga duración) should be drawn up in writing and include all key information: parties’ details, property description, rent amount, rental period, termination conditions, and rules regarding deposits and additional payments. The long-term rental of a property in Spain is regulated by Spanish law, which protects both the tenant and the landlord.
The standard long-term rental agreement in Spain is made for a minimum period of 12 months, with the possibility of extension up to 5 years. The tenant has the right to terminate the agreement earlier but must inform the landlord with proper notice (usually 30 days). Long-term rental in Spain provides the tenant with stability and certainty that they won’t be suddenly forced to leave the apartment.
More information about legal regulations of property rentals in Spain can be found here:
How to declare in Poland taxes resulting from long-term rental in Spain?
Rental income from an apartment in Spain should be reported in the annual tax return in Poland. If it is a private rental, from 2023, it is settled solely through a lump sum from recorded income (PIT-28).
In Spain, you also need to settle the rental tax – this obligation applies to property owners even if they are not residents. For European Union citizens, the rental tax rate is currently 19%.
Poland and Spain apply the proportional deduction method, which means the amount owed in Poland can be reduced by the tax paid in Spain, but only up to the amount of the Polish obligation. If the Spanish amount is higher, there is no need to pay anything extra in Poland; if lower, the difference must be paid.
What are the benefits of long-term rental in Spain?
Long-term rental of property in Spain has many advantages. Above all, it allows a peaceful life in the chosen place without the need for frequent moves. Long-term rental in Spain is also associated with lower costs compared to short-term rental, greater stability, and the possibility of negotiating terms of the agreement. Renting a house or apartment in Spain long-term is an ideal solution for families, remote workers, or students.
Additionally, long-term rental of apartments in Spain offers the opportunity to better get to know the local community, learn the language, and immerse oneself in Spanish culture. It is also a chance to build relationships with neighbors and feel a sense of belonging to the place where one lives.
Summary
Long-term rental in Spain is a topic worth thoroughly understanding before deciding to move. Long-term rental in Spain offers not only attractive prices but also numerous benefits and convenience. Remember to read contracts carefully, verify offers, and use trusted sources. Renting apartments long-term in Spain is a great way to start a new chapter of life in one of Europe’s most beautiful countries.
