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Why Spaniards still prefer to buy rather than rent?
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Spaniards prefer to buy to rent a home for the following issues.
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The most important reason among young Spaniards is the desire to create a home garlic a stable security, while middle-aged people seek an investment guarantee for the future.
Living for rent in Spain is not as developed or integrated as in our neighbouring countries. The most common fears by the Owner are the feeling of unprotection at the possibility of illegal occupation of your home, non-payment, or the possible vandalism that your property may suffer. On the part of the Tenant, there is a sense of helplessness and instability “don't know what's going to happen when the contract is fulfilled”.
However, these fears and insecurities do not fit the reality if you have the intermediation of a real estate professional. Information and best practices are the basis for getting a good rental.
- The clauses of the rental agreement may never be opposed to the provisions of the Law 29/1994, de 24 November, Urban Leases, nor in the Law 4/2013, de 4 June, flexibilization and promotion measures for the rental housing market.
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Need to buy or rent?
Depending on your lifestyle we tell you what's best for you.
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Rent for young people
Look for the individual enrichment at this stage of life, where you're looking become independent of the family or live the experience of share flat with other people who share your tastes and expectations, are an ideal way to get out of your comfort zone without taking any major risks.
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Rent for active people
If your profession demands continuous geographic mobility rent is a more flexible option that allows you to change housing. Many companies value the worker's ability to change places of residence.
Rent for seniors
If your personal goals have another course set, Sometimes, a mortgage can be a risk you don't want to take on. What you can save on buy-and-sell expenses you can invest it in other priorities, such as training or travel abroad. Many retired people are now opting for rent, because it allows them to perform enriching activities carefree.
If you identify with any of the three profiles mentioned above, your ideal option is renting. If on the contrary you look like a more static person, with a more stable future expectation and an economic level that allows you to save to take on buying and selling costs and subsequent mortgage fees, or either, if you have a capital to invest And you want to make it profitable, your best bet is to buy, either to live or to put that home for rent.
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Still have doubts? Consults. Come visit us at your nearest office and we'll help you analyze the pros and cons of your particular situation.
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