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Tips and tricks to find your perfect rental apartment

In Spain, there has always been big demand for buying properties, however, in recent years, the rental market has come back with full force. The reason for the sudden popularity of property rentals is probably due to the aftermath of the financial crisis that we are still facing today. In addition, renting is an excellent option for people who are constantly on the move becuase of their job or those who want to grow their family and move house. If you are looking for a suitable property to rent, follow this guide to find your ideal apartment. 

Obviously, your budget is an important factor. Although there is always the possibility to move out of the rented apartment and find a cheaper one elsewhere, it's best that the rent doesn't exceed 30 per cent of your gross income. 

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Next, you need to establish the location and the type of property you wish to rent. When choosing a multi-storey apartment, it's best to visit the complex as many times as possible before moving in.

Knowing the area well will help you determine whether the quoted rental prices are fair or not. You should pay a visit to the neighbourhood at different times of the day in order to get to know its community. It is also important to know whether there are any schools, banks, shops, transport links, or any other amenities that meet your needs.

If you're on low income, you may get rental aid from the Comunidad Autónoma under which the property is located in. But that's something you can find out later once you have moved in the property. 

Before signing the contract, make sure you read all the terms and conditions to the last detail in order to avoid any unpleasant surprises later. If in doubt, raise the question with the landlord before signing the contract. 

Once you move into the property, you should review it in detail and make a list of any repairs that need doing. Better still, include photos of the rooms or appliances that are in disrepair. It is also very important to ensure that the landlord has kept your deposit safe for when you want to move out. 

All these procedures can naturally cause a number of headaches for the tenant and the real estate agency. However, if you use Engel & Völkers, one of the most prestigious and trustworthy agencies in the world with more than 30 years of experience, you will greatly benefit from its expertise. Engel & Völkers has a wide portfolio of flats to rent in some of the best areas of the city.

Engel & Völkers

Madrid
Génova, 27 - 5th floor
28004 Madrid
Spain
Phone
+34 91 277 45 00

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