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Advantages and Disadvantages of Living on Rent or Buying a House in Spain


If you’ve decided to move to Spain, you might be wondering whether you should buy or rent a home. There are advantages and disadvantages of both options. Let’s look at both sides of the coin:

Buying a Home in Spain

Renting a Property

Buying a home in Spain is a very good investment. The housing market has been steadily growing since the 2008 crisis, and you can buy a house for less than half of what it would cost in other European countries. It’s also easier to find work here than other places, which means more disposable income for you.

Buying a house in Spain can be complicated though (and without knowing Spanish, it will be extremely difficult). You need to know about different types of mortgages and how much each one costs every month; plus there are taxes involved too!

The cost of buying a home in Spain can vary from one city to another. According to Numbeo, rentals are most expensive in Madrid, followed by Barcelona, Valencia, and Seville. You’ll pay less in Zaragoza and Malaga.

If you’re looking to buy a house in Spain, the cost of housing can vary from one city to another, depending on the size of your budget. Small cities like Moraira, Moravit, Cap Blanc has low property prices, therefore villa for sale in Moraira cost will be less as compare to buying a house in any city of UK. According to Numbeo , rents tend to be more expensive in Madrid and Barcelona than elsewhere. Rents are also relatively high in Valencia and Seville—and even higher still in Malaga!

On the other hand, Zaragoza is considered one of Spain’s most affordable cities for foreigners who are looking for an apartment or condo rental. Although it’s not quite as cheap as other smaller cities like Huesca or Teruel (both located near Zaragoza), it’s still cheaper than large metropolitan areas like Madrid or Barcelona by about 25%.

When you buy a home in Spain — whether through a bank or through a real estate agency — the buyer pays taxes on the purchase. Depending on the size of your property and its location, you may need to pay up to 10 percent of its price plus 21 percent Value Added Tax (VAT).

  • If your property is valued at more than €892,000 ($1 million), then it will be taxed at 10 percent plus 21 percent VAT.
  • For properties valued between €892,000 and €800,000 ($1 million), there will be no change in tax rates. The rate for this bracket remains around 9 percent plus 20% VAT.
  • For properties valued below €892k ($1 million), buyers will continue paying 7 percent plus 18% VAT on their home purchases instead of moving up to 9%, as well as fewer exemptions from paying these taxes due to inflation since 2008/2010 recession began taking hold on Spain’s economy during which time construction industry fell off significantly due lack demand so developers stopped building new homes or renovating existing ones; thereby leaving many older homes vacant or abandoned–creating ghost towns throughout country because housing crisis left millions homeless overnight with nowhere else but streets left after being evicted by banks for unpaid mortgage payments; forcing people living paycheck-to-paycheck onto welfare programs like unemployment benefits which didn’t cover enough money needed every month just keep body going let alone feed hungry mouths family members/friends until job market recovered enough again offer decent wages again thanks government intervention programs like subsidies offered during Great Depression 1930s America New Deal projects etc.

Do check from online and local real estate agent to find the bargain villas for sale that will help you to save a hefty amount.

This fee is also known as Plusvalia Municipal Tax, which is levied by the local authority. In some areas, there’s also a Stamp Duty of 1.5 percent of the purchase price.

In addition to the purchase price, you also have to pay a Municipal Property Tax (also known as Plusvalia Municipal Tax), which is levied by the local authority. In some areas, there’s also a Stamp Duty of 1.5 percent of the purchase price.

In addition to this, you’ll need to pay for your lawyer fees and any expenses involved if you’re using an agent. These can add between 1-2 percent more to the cost of your purchase.

Renting a Property in Spain

Home in Spain

Renting a property in Spain is usually cheaper than buying a home. Rentals are also generally easier to find, as there tends to be more of them available than homes for sale.

If you’re planning on staying in Spain for a short time (e.g., a year or less), renting may be your best option. However, if you are planning on moving into Spain long-term, then buying a home may be more cost effective in the long run because it affords you the opportunity to put down roots and invest some money into improving your living space.

If you’re not planning on staying for long or want to keep your options open as you get used to daily life in Spain, then renting may be preferable for now. Rentals are usually unfurnished unless specified otherwise.

Rentals are cheaper than buying, but they can be more expensive than some forms of long-term house and apartment rentals (such as those with a bunch of friends). The benefit of renting over buying is that if your plans change and you decide you want to move somewhere else in the country later on down the road, then it would only cost you money and time to pay off some back rent before getting out instead of having to sell the whole place at once too late after paying off all its debts from buying it originally (and potentially taking even longer).


If you want to live in Spain but don’t want the hassle of maintaining your own home, then renting might be a good option for you. You can also rent out your house when it’s not being used by anyone else. This gives you more freedom, especially if living abroad means that you don’t want to commit fully to staying here forever just yet. But when you are planning to settle down in Spain then buying a house will be an added advantage. Take your decision after well research only.

I am a coffee lover, marketer, tech geek, movie enthusiast, and blogger. Totally in love with animals, swimming, music, books, gadgets, and writing about technology. Email: Website: Facebook: Linkedin: Twitter:


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