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SPANISH PROPERTY

RYANAIR

Castellón set for ‘Ryanair effect’ property boom

As the eastern Spanish city of Castellón is poised to become the latest travel hotspot in Spain thanks to new Ryanair routes to its "ghost airport", The Local takes a look at some of the best properties the city has to offer.

Published: 7 April 2015 11:30 CEST

The picturesque Spanish province of Castellón was poised to welcome hordes of tourists when the city’s airport opened in 2011, but with no commercial flights, it stood empty for years, a symbol of Spain’s wasteful building spree in the run up to the 2008 financial crisis.

Now, Irish budget airline Ryanair has announced new routes between Castellón and the UK, finally opening up the quaint Spanish city to British tourists, who are already making enquiries into properties in the area, according to Martin Dell, Director of Kyero.com which lists over 175,000 Spanish properties from 2,500 estate agents.

GALLERY: Top Ten things to do in Castellón

"Castellon is one of Valencia's most interesting cities and largely unknown up until now. The opening of the Castellon airport is likely to see a localised property boom, with prices rising and international interest in the area really taking off,” said Dell.

"As well as the city of Castellon itself, nearby Peniscola, Vinaros and San Jorge also look set to benefit from Spain's ghost airport finally gearing up to receive the international jets for which it was built."

Kyero's buyer enquiries certainly support the idea and reveal precisely what it is buyers are looking for in Castellón. Interestingly, it is the French who seem most interested in Castellon at this early stage in its entrance onto the global stage. Enquiries from French buyers account for 48 percent of the total, followed by English buyers at 30 percent.

When it comes to property type, homes in the €50k-€100k price range attract some 36 percent of enquiries, followed by homes under €50k (with 30 percent of enquiries). 61 percent of buyers are looking for apartments and 39 percent want three bedrooms, closely followed by 34 percent wanting two bedrooms.

Mark Stucklin, head of Spanish Property Insight, a property information site explains why the Costa Azahar is one of the most interesting property markets in Spain at the moment.
 
"Of all coastal areas, the province of Castellón, home to the Costa Azahar, has taken the biggest hit to its housing market, largely because it was so reliant on Spanish demand," he explains.
 
"Peak to present, asking prices are down almost 50 percent and still falling, according to the Idealista database, whilst in Ibiza, in contrast, house prices are down just 4 percent and now rising."
 
 
Stucklin believes Castellon may suit buyers looking for a taste of authentic Spain at a bargain price.
 
"The Costa Azahar is now one of the cheapest places on the coast to buy a holiday-home, and still is one of the few places that can be described as the "real Spain", which many holiday-makers value," he told The Local.
 
But he warns that the market is not about to change overnight.
 
"The problem is, the Costa Azahar isn't really on the radar for foreign buyers. The new airport with Ryanair flights will help, but it will take a long time to build up foreign demand and an effective sales channel. I fear the Costa Azahar will remain a bargain for some time to come," said Stucklin.
 
The rise of Castellón is certainly bound to pique the interest of property investors looking for Spain's hottest investment location in 2015. Many will want to act quickly, before Castellón is 'discovered' by too many more people.

The province recently hit headlines when a house worth €90,000 ($99,256) was won with a €10 lottery ticket. 

Castellón's best property buys

Rustic country house

This traditional country house with three bedrooms and generous plot of land, just 24km from the coast, costs just €160,000 ($174,000). 

Photo courtesy of Albert-Villas Sl/Kyero.com

Modern penthouse with pool

This duplex penthouse, located in Peniscola, on the Costa del Azahar, has incredible sea views as well as three bedrooms and two bathrooms. It could be yours for €199,950. 

Photo courtesy of Carobtree/Kyero.com

Golf course apartment 

This two bedroom apartment is located on the pretty Golf course panorama in San Jordi. The apartment complex boasts a communal garden and two pools and the apartment is on the market for €68,000. 

Photo: Inmobiliaria IK-Consulta/Kyero.com

Beach front apartment

This one bedroom, one bathroom apartment, along Peniscola's beach front, boasts incredible sea views for a very reasonable €85,000. 

Photo: Fincas Beltrán/Kyero.com

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RENTING

The rules and small print for a rental contract for a room in Spain

Renting a room in Spain can often be easier and cheaper than trying to rent a whole apartment or house for yourself, but there are still several things you need to look out for in your rental contract and small print clauses you need to be aware of.

Published: 17 September 2024 09:28 CEST
The rules and small print for a rental contract for a room in Spain

Sharing a flat in Spain may of course not be your first choice; in 55 percent of cases people here do so because they can’t afford their own place. 

Renting a room is now almost 10 percent more expensive than a year ago, according to recent data published by property portal Idealista, costing almost double in 2024 than it did nine years ago.

The national average for renting a room is now €488 per month.

If you’ve come here to be a student or to learn Spanish though, renting a room can be excellent choice.

Due to Spain’s housing crisis and financial constraints, renting a room is no longer only an option for young people in Spain. In fact, in 2022 Idealista found that the average of a person sharing a home in Spain was 34. 

READ ALSO: Renting a room in Spain costs 90% more than in 2015

Renting a room is increasingly popular in Spain, especially in those cities where rent is very high, such as in regional capitals. 

While your contract for renting a room may not be extensive as renting a whole property, it’s still very important that you have one to make sure that you’re protected.

A room rental agreement not only ensures that both parties are clear about their rights and responsibilities, but also avoids potential misunderstandings and conflicts.

Typically, when you are renting una habitación, your room will be your space, but you will have shared access common areas such as the kitchen, living room and bathroom. 

READ ALSO – Aval: How to get a bank guarantee to rent a property in Spain

Factors to keep in mind when renting a room in Spain:

Tenants do not have the right to continue to live in the home beyond what is stipulated in the contract, so your landlord will have greater control over the property.

It is important that the room rental contract specifies the purpose of renting the room and how long it’s for. Generally, this type of rental is regulated by the Civil Code, but it could also be subject to the Urban Lease Law (LAU), even though the existence of this type of lease is not specified.

The room should include basic furniture, and the landlord is responsible for paying the bills initially, although they may be included in the rent.

There’s no minimum legal content that room rental contracts must contain, and it is not even mandatory for it to be in writing. But it is still advisable to get one in writing in order avoid future problems.

READ ALSO: The pros and cons of signing a temporary rental contract in Spain 

According to property website Idealista, room rental contracts should contain these following elements:

  • The duration of the contract.
  • A statement saying exactly which room is being rented out.
  • The rental price, as well as the payment method with which the tenant will pay the rent and when it will be due each month.
  • The services that are included, such as the use of the kitchen and being able to connect to the internet.
  • It’s also important that there’s a clause to say how payments should be divided in case of any unforeseen circumstances.
  • It must be indicated if subletting the room is allowed or not. As stated in the Civil Code this may be possible if your contract doesn’t specifically state that you can’t.
  • If the property is rented by several people, the contract must be formalised between all tenants through a single rental contract and tenants will appear in the same contract.

READ ALSO: Is subletting legal in Spain? 

How to tell if a room rental contract is legal in Spain

For a room rental agreement to be legal, it must contain the following information:

  • Full names, DNI or NIE number, address and telephone number of both the landlord and the tenant.
  • Specify the exact address of the home, the rented room and the common areas the tenant has access to.
  • The start and end date of the contract.
  • The amount of the deposit and the return conditions. It is not mandatory to provide a deposit, but landlords can request it.
  • The monthly rent, the payment method and how to make the payment.
  • It must state who is responsible for the necessary works and repairs in the home.
  • A clause must be included stating who responsible for community expenses, water, electricity, gas, etc.
  • The text must state the conditions for termination of the contract, such as non-payment of rent or failure to comply with the rules or the landlord selling the property.
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