When's the best time of the year to start renting in Spain?
Certain times of the year are better than others to find a rental property, and what can be considered the 'best' time depends on whether you're a prospective tenant or landlord and whether you're looking for affordability or options.
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With rents in Spain soaring in recent years and affordable rental properties in high demand, finding a place to live can seem like a struggle.
This is especially true if you live in one of Spain’s major cities like Madrid, Barcelona or Valencia, where demand is high, supply low, and prices rising.
Knowing when in the year is the best time to rent could help you find a place. But is there a ‘best’ time of year? And what about landlords wanting to rent out their properties?
READ ALSO: The best websites to find student housing in Spain
Although it's difficult to say there's a definite 'best' time of year to rent, when in the year you should start renting does depend on a few factors. Where in Spain you're looking, of course, matters because in big cities there will be a surge in availability at certain times of year, whereas in smaller towns there will be less on offer but likely apartments sitting empty year round.
You also need to consider what 'best' really means. Does it mean best in terms of availability and opportunity, or in terms of finding the cheapest rents?
September renting season
In Spain as around the world, September seems to be considered 'best' time of the year to start renting in terms of availability. It's the end of summer, and the beginning of a new academic and work year. In terms of the rental market, September in Spain is, like in many countries, the beginning of a new cycle.
Students tend to try to find a flat in time for the new academic year, which is usually sometime towards the end of September. As such, many begin their search in August or early-September in order to avoid last minute panics and rushes as everyone tries to do the same thing.
Experts say this demand grows even more during the second fortnight of the month as people begin to panic a bit and step up their search.
Generally speaking, rental price data shows that the demand for rental accommodation grows annually during the fourth quarter of the year - that is, in October, November and December. For this reason, it is advisable to try and secure your contract by September and not to do so in that final stretch of the year, when higher demand leads to paying up to €35 more per month on average, according to data cited by El Español.
For example, in Catalonia, the average rental price in 2022 was €779.84 per month, but price records show there was a significant upturn in the fourth quarter of the year, to an average of €815, according to data from the Institut Català del Sòl (Incasòl). Of course, in July 2024 prices will be significantly more than that, but this end of year price squeeze trend is clear.
READ ALSO: 'The Hunger Games': Two million university students in Spain fight to find a room
While busiest of course means more competition, it can also mean more opportunity. Due to the fact many people are house hunting in September, it also means it's the time of year when swathes of one-year leases are up. This is especially true in student areas, as well as properties that cater to seasonal or yearly contracted English teachers and language assistants, and areas close to hospitals and health centres.
So, in terms of renters, getting your apartment by early September seems a smart thing to do in order to avoid the mad rush of students searching for a place to live. You'll need to be dedicated in your search, but it's also when there's likely to be the most apartments freeing up, and doing anything before September seems less likely anyway.
Keep in mind that this is Spain we’re talking about, and during the summer months (in August especially) nobody is really doing much of anything and you may struggle to get potential landlords to even answer the phone, even if their property is advertised online.
Early in the year
However, in terms of finding the most affordable rents, there's an argument that it's from January onwards.
Many landlords who didn't manage to rent their properties during the year tend to adjust prices downwards in January. Some also take advantage of this period to renovate their properties, making them more attractive.
This means that from January until the arrival of spring, say March/April, if you're lucky you can find cheaper offers, but keep in mind there will probably be less properties on the market overall.
What about renting your property?
If you’re a landlord, however, waiting for the September (or better, January) rush seems a sensible thing to do if you’re trying to earn a little more income. Data from the Google Trends tool cited by rental website Rentuos, for example, shows the highest level of traffic for the keyword "rent flat Barcelona" is concentrated between the end of August and the end of September.
If you’re a landlord, capitalising on this period, or perhaps even waiting a little longer until demand is even higher and supply significantly lower, could be the way to go.
It’s also true that many landlords will try to take advantage of this and renew their contracts every year during the rush periods. In that sense, the 'best' time of year to rent seems to be September for both renters and landlords.
READ ALSO: Has Spain’s Housing Law completely failed to control rents?
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With rents in Spain soaring in recent years and affordable rental properties in high demand, finding a place to live can seem like a struggle.
This is especially true if you live in one of Spain’s major cities like Madrid, Barcelona or Valencia, where demand is high, supply low, and prices rising.
Knowing when in the year is the best time to rent could help you find a place. But is there a ‘best’ time of year? And what about landlords wanting to rent out their properties?
READ ALSO: The best websites to find student housing in Spain
Although it's difficult to say there's a definite 'best' time of year to rent, when in the year you should start renting does depend on a few factors. Where in Spain you're looking, of course, matters because in big cities there will be a surge in availability at certain times of year, whereas in smaller towns there will be less on offer but likely apartments sitting empty year round.
You also need to consider what 'best' really means. Does it mean best in terms of availability and opportunity, or in terms of finding the cheapest rents?
September renting season
In Spain as around the world, September seems to be considered 'best' time of the year to start renting in terms of availability. It's the end of summer, and the beginning of a new academic and work year. In terms of the rental market, September in Spain is, like in many countries, the beginning of a new cycle.
Students tend to try to find a flat in time for the new academic year, which is usually sometime towards the end of September. As such, many begin their search in August or early-September in order to avoid last minute panics and rushes as everyone tries to do the same thing.
Experts say this demand grows even more during the second fortnight of the month as people begin to panic a bit and step up their search.
Generally speaking, rental price data shows that the demand for rental accommodation grows annually during the fourth quarter of the year - that is, in October, November and December. For this reason, it is advisable to try and secure your contract by September and not to do so in that final stretch of the year, when higher demand leads to paying up to €35 more per month on average, according to data cited by El Español.
For example, in Catalonia, the average rental price in 2022 was €779.84 per month, but price records show there was a significant upturn in the fourth quarter of the year, to an average of €815, according to data from the Institut Català del Sòl (Incasòl). Of course, in July 2024 prices will be significantly more than that, but this end of year price squeeze trend is clear.
READ ALSO: 'The Hunger Games': Two million university students in Spain fight to find a room
While busiest of course means more competition, it can also mean more opportunity. Due to the fact many people are house hunting in September, it also means it's the time of year when swathes of one-year leases are up. This is especially true in student areas, as well as properties that cater to seasonal or yearly contracted English teachers and language assistants, and areas close to hospitals and health centres.
So, in terms of renters, getting your apartment by early September seems a smart thing to do in order to avoid the mad rush of students searching for a place to live. You'll need to be dedicated in your search, but it's also when there's likely to be the most apartments freeing up, and doing anything before September seems less likely anyway.
Keep in mind that this is Spain we’re talking about, and during the summer months (in August especially) nobody is really doing much of anything and you may struggle to get potential landlords to even answer the phone, even if their property is advertised online.
Early in the year
However, in terms of finding the most affordable rents, there's an argument that it's from January onwards.
Many landlords who didn't manage to rent their properties during the year tend to adjust prices downwards in January. Some also take advantage of this period to renovate their properties, making them more attractive.
This means that from January until the arrival of spring, say March/April, if you're lucky you can find cheaper offers, but keep in mind there will probably be less properties on the market overall.
What about renting your property?
If you’re a landlord, however, waiting for the September (or better, January) rush seems a sensible thing to do if you’re trying to earn a little more income. Data from the Google Trends tool cited by rental website Rentuos, for example, shows the highest level of traffic for the keyword "rent flat Barcelona" is concentrated between the end of August and the end of September.
If you’re a landlord, capitalising on this period, or perhaps even waiting a little longer until demand is even higher and supply significantly lower, could be the way to go.
It’s also true that many landlords will try to take advantage of this and renew their contracts every year during the rush periods. In that sense, the 'best' time of year to rent seems to be September for both renters and landlords.
READ ALSO: Has Spain’s Housing Law completely failed to control rents?
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