Learn the costs of renting or buying homes in various parts of Spain, procedures and legal requirements, and typical utility costs. Below is a brief excerpt from this section:
Most Spaniards live in small apartments with roommates or family members, and rely on public spaces, such as cafés and tapas bars, for socializing and entertainment. Rent takes up a large portion of their income. Households spend, on average, 22% of their net disposable income on housing, higher than neighboring countries that average 20%. This figure is much higher in large and important urban centers, such as Barcelona and Madrid, where rent usually takes more than half of the average monthly budget.
The rental market is experiencing an unprecedented boom, particularly in Madrid, Barcelona and the most famous tourist destinations. In the last five years, average rental prices have increased by approximately 50%. Rent is growing exponentially in the most demanded cities, including the top vacation destinations such as Palma de Mallorca, Málaga and Las Palmas de Gran Canaria. On the opposite side of the spectrum, rural towns and provincial cities, such as Cadiz, Jaen and Ciudad Real, have registered the smallest proportional rent increases.
Renting can be challenging, particularly in big cities and popular tourism destinations where demand keeps increasing. House hunters will find a lot of rental properties, but many are mainly listed in short-term rental portals, such as AirBnB or Booking.com. While finding a place to rent online for a few weeks is relatively easy and straightforward, locating a good room, apartment or house to rent for a long period is more complicated and time consuming.
This is just a brief sample of the extensive information in the GoinGlobal Spain Career Guide, which is carefully researched and regularly updated by local career experts.