Real estate rental is highly popular in Spain. Although our country stands out for the high proportion of residents who own their homes (in contrast to other European countries), the rental market is nevertheless advancing in a steady pace. The State Housing Plan 2018/2021 has introduced a series of rent incentives for groups, such as young people or those over 65 years of age. Of course, these grants are more than just about real estate rental.
Incentives for Young People
Statistically, young people constitute the most dynamic group in terms of rental housing. The State Plan provides specific aid consisting of covering up to 50% of the agreed monthly rent (up to 600 euros). To benefit from this contribution, the beneficiaries must be between 25 and 35 years of age and the people who will live in the subject property can not earn more than three times the IPREM. However, there are additional bonuses if the tenants are a large family or have a disability.