How long are typical contracts?

1 year initially, renewable annually for up to 5 (private landlord) or 7 (corporate landlord) years by law.

Can foreigners buy property in Spain?

Yes. There are no restrictions on foreigners buying property in Spain. You'll need an NIE number and a Spanish bank account; that's it.

No. Many buyers on the Costa Blanca are non-residents who use their property as a holiday or rental home. Residency only matters for tax purposes.

Long-term rentals (alquiler de larga duración) — 12 months or more, strong tenant rights, monthly prices well below holiday lets.

Costa Blanca apartments: €700–€1,400/month. Villas: €1,500–€4,500/month.

Long-term stock can be tight in tourist towns. Inland villages offer better value and choice.