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DRIVING

How much should you pay per month to rent a parking space in Spain?

Owning a car can be expensive, not only do you have to pay for insurance, road tax, repairs and fuel, if you live in a city, you also typically have to pay for somewhere to keep it too.

Published: 14 August 2023 12:51 CEST
Updated: 20 August 2023 08:39 CEST
How much should you pay per month to rent a parking space in Spain?
How much does it cost to rent a parking space in Spain? Photo: Mitchell Griest / Unsplash

As 65 percent of people in Spain live in apartment buildings, most people do not automatically have their own garages or parking spaces. Even if an apartment has underground parking facilities, it’s not guaranteed that space will be included in the rental agreement or sale of the property.

More often than not, it won’t be and you’ll have to rent somewhere separately. Parking on the street is also not always possible without some type of permit or paying for parking there too.

READ ALSO – EXPLAINED: What are the rules for parking in Spain?

According to the latest data from the report on “Cumulative Variation of Garages in Spain in 2022”, published by Fotocasa Real Estate Index, the price of garages for rent in Spain has risen 2.9 percent compared with 2021 and 0.2 percent compared to 5 years ago. 

The average price per month for renting a parking space in Spain in 2022 was €72.90 per month. 

Of course, like everything from housing rent to eating out and public transport, the cost changes greatly depending on where you live in the country. 

READ ALSO: How long can you park your car in the street in Spain before risking a fine?

The top three most expensive regions to rent a parking space in the country are surprisingly not Madrid and Catalonia, home to Spain’s two biggest cities, but are in fact Cantabria, the Balearic Islands and the Basque Country. 

The three regions with the lowest cost for renting a parking space are Castilla-La Mancha, Castilla y León and La Rioja. 

Average price per month of renting a parking space in each region in Spain 

Andalusia – €71

Aragón – €60

Asturias – €72

Balearic Islands – €86

Basque Country – €86

Canary Islands – €71

Cantabria – €89

Castilla y León – €57

Castilla-La Mancha – €56

Catalonia – €79

Extremadura – €59

Galicia – €58

La Rioja – €57

Madrid – €77

Murcia – €60

Navarra – €59

Valencia – €64

The regions in which prices for parking spaces have gotten more expensive compared with 2021 are Castilla-La Mancha which rose by 17.1 percent, Cantabria which increased by 5.7 percent and Madrid by 5.6 percent. 

On the other hand, the price of garages for rent has decreased the most in Extremadura by -4.8 percent, followed by Aragón at 3.5 percent and Galicia at – 3 percent, according to the Fotocasa study.

How much should you pay for parking in Spain’s biggest cities?

If you live in a big city, such as a regional capital, then the cost of parking is most likely to be above the average for your region. 

The most expensive cities to rent a space are San Sebastián at an average of €109 per month, Bilbao at €101 and Santander at €99. 

What are the average prices per month in cities popular with foreign residents?

Barcelona – €94
Madrid – €89
Valencia – €76
Málaga – €77
Alicante – €73

The cheapest cities to rent a garage are Alcorcón (Madrid), below the average at €49 per month, Burgos at €53 and in joint third place at €54 are Cáceres (Extremadura), Vic (Catalonia) and Ourense (Galicia). 

READ ALSO: Seven reasons why you should invest in parking spaces in Spain

How much does it cost to buy a parking space? 

If you’re in the position to buy a parking space and not just rent one, you may want to consider it as an investment. 

According to the latest data from Fotocasa for 2022, the average price in Spain for buying a garage or parking space is €11,619. 

Again, this rises considerably in the country’s biggest cities. In Madrid, the average price to buy a space is €33,544, while in Barcelona it costs €24,734.

Parking spaces have a way lower barrier to entry than buying property and if you don’t need the space for yourself, you can always rent it out to help supplement your income. 

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WORKING IN SPAIN

Which foreign nationals in Spain have the highest salaries?

There are 1.83 million salaried foreigners in Spain who earn an average of €1,720 gross per month. However, new data reveals how some nationalities tend to earn much more.

Published: 29 May 2024 10:00 CEST
Which foreign nationals in Spain have the highest salaries?

Interestingly, the latest data from Spain’s Social Security reveals that some foreigners in Spain tend to earn more than other extranjeros.

The results show that the 611,801 employees from the European Union earn much more than those from third countries.

In December 2023, the latest data available, they earned an average of €2,019 gross per month, while those from third countries earned €1,570 per month.

For reference, Spaniards on average had a gross salary of €2,216 per month, according to membership data. This is 10 percent higher than the average salary of EU workers in Spain 40 percent higher than non-EU foreigners.

Out of the 36 countries that were included in the statistics, workers from 15 (all of them from the EU) were found to have salaries higher than the average for Spaniards.

The leaderboard was topped by the French, who earn the most in Spain, with a gross payroll of €2,810 per month. This was based on data from the 41,878 French people who work here.

READ ALSO: Amazon to create 17,500 new jobs in Spain

Surprisingly, the next three highest earners were the Maltese, the Cypriots and Greeks, with €2,756, €2,688 and €2,675 per month respectively.

Given the small number of nationals from these countries who live and work in Spain, it is thought that those who do come here are managers of companies or are highly qualified.

For example, there are only 164 workers from Malta living in Spain, 295 from Cyprus and 3,098 from Greece.

In 5th place were the Austrians who earned €2,647 per month gross on average; followed by the Germans with €2,578; then those from Luxembourg with €2,548.

In 8th place were the 2,196 Danes who work in Spain, earning €2,196; the 12,322 born in the Netherlands earned €2,475 and the Swedes with 5,883 employees in Spain who earned €2,460 monthly, completing the list of the top 10. 

READ ALSO – Not English: The languages linked to high-paying jobs in Spain 

Next on the list were the Belgians, Irish, Slovaks, Finns and Croatians. Italians come in midway down the list, despite the fact that they are the second largest group of working foreigners in Spain with 137,757 people, earning an average €2,167.

They are also the first group who earned below the amount earned by Spaniards, who earn €2,216 per month, according to the data.

Hungarians in Spain earned €2,162, followed by the 52,539 Portuguese (the third largest nationality employed in Spain); Slovaks, Poles and Czechs, earned between €2,000 and €2,100 per month.

Among those EU foreigners who earned the least are the Romanians, with a monthly salary of €1,649, the largest foreign group, with 223,480 people working here. Above them, are the Bulgarians earning €1,651 and the Lithuanians with €1,756.

READ ALSO: Spain needs 25 million foreign workers to keep its pensions afloat 

When it comes to foreigners from outside the EU, it was revealed that 37,422 Britons contribute to social security and earn an average of €2,120 per month, which is also below the average Spanish salary.

After this are the 45,244 Argentinians, the second non-EU with the highest salaries, with €1,786, and the 46,143 Ukrainians who earned €1,601 monthly.

READ ALSO: Ten foreign ‘colonies’ thriving in the most unexpected of places in Spain

This is followed by the Ecuadorians, the Peruvians, the Bolivians, the 119,128 Venezuelans and the 143,853 Colombians, who earn €1,456.

Moroccans make up the second largest group of non-EU workers in Spain with, 192,337 employees earning an average of €1,473.

The ranking is closed by the Chinese, whose employees, earn €1,399 per month, almost a €1,000 less than the Spanish.

There are also big differences in the pay increases that have occurred this year. The largest increase has been for the Maltese, 11.5 percent compared to December 2022, and the lowest has been for the Estonians, whose contribution base has only risen by 1.7 percent in the year.

READ ALSO: Five fascinating facts about Spain’s Chinese community

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