Finding an Apartment in Spain

Locating an apartment in Spain is not difficult. Finding one that is affordable requires a bit more searching. In the last eight years or so, the Spanish property market has truly soared in value. Throughout most of the country, especially the southern areas that are typically more tourism driven locations, the costs have risen along with the demand. Unfortunately, (or perhaps as a good note to those wanting to move here) the boom is over in Spain and prices are coming down. In other words, you’ll want to monitor prices in the location you wish to live in and find the right price at the right time.

Most who are looking to live in Spain will want to consider renting their space rather than purchasing. Rental prices in metropolitan cities are going to be the most costly. You will find lesser expensive options in the suburban areas of those cities. Some more remote locations will be even more affordable. To rent an apartment in Spain, you can expect to pay about US $500 to $1000 for a small studio apartment in a larger city like Madrid. The same size studio apartment in a smaller city will cost you about US $300 to $500 a month.

Furnished Apartments are also Available!

For those looking for a furnished apartment in Spain, this will include a living space featuring a sofa, table and bookshelf. Bedrooms will come with beds and sheets, as well as some storage such as a small dresser. In addition, most will come with most necessary cooking utensils including dishes. Believe it or not, it is quite common for people in Spain to “share” furniture. When a piece is no longer wanted, it is left on the curb for someone else to pick up. You can do this, if you like, to help finish furnishing your apartment.

You do have the option of purchasing property in Spain. The Spanish property market is a good investment, if you can find property affordably. There are plenty of estate agents willing to work with you. This can be a mistake, though. Instead of using them over the web, visit the city you would like to retire in and contract their services on the spot. That way, you know exactly what you are getting.

Apartments in Spain are a good option for those that may be waiting in the wing for the Spanish real estate market to burst. Many experts believe this will happen in the near future and property prices will begin falling fast. Until then, apartments are comfortable and easier to afford!

Return to the Retire in Spain Page
Click here to return from Apartment in Spain to The Best Places To Retire Overseas