Should I buy or rent a home in Spain?
If you have not spent a lot of time in Spain, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Spain can be a good investment if you are planning a long-term stay there. However, it is important to consider the costs associated with buying a home, such as taxes, maintenance expenses and any potential renovation costs, as well as your income and savings. Ultimately, renting is a better option if you are not sure how long you are planning to stay in Spain or if you are looking for more flexibility. Renting also offers potential tax advantages. You should carefully consider all these factors before deciding whether to buy or rent a home in Spain," said another expat in Spain.
"We rented an apartment. It was not difficult. We went to a rental agency, they showed us apartments and we chose the one we wanted. The agent gets a commission but that's the only way I know of to rent an apartment here in Salamanca," wrote a member who made the move to Salamanca, Spain.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What do I need to know before moving to Spain?
- How do I find a place to live in Spain?
- What is a typical expat home or apartment like in Spain?
- What is the average cost of housing in Spain?
- Should I buy or rent a home in Spain?
- What should I pack when moving to Spain?
- What cultural faux pas should I try to avoid making in Spain?
- Why do people move to Spain?
- What are healthcare services like in Spain?
- What are medical services in Spain like?
- What are typical rents in Spain?
- What appliances are typically included in a rental?
Should I buy or rent a home in Spain?
If you live in Spain, newcomers to Spain would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
