Spain Tool
Rent vs Buy Calculator
Compare the full long-term cost of renting vs buying in Spain. Accounts for ITP, mortgage interest, maintenance, rent growth, house price growth and the opportunity cost of your deposit.
Spain historical: 3-4%
Spain historical: 4-5%
If you kept the deposit invested
Verdict
Buy
Over 10 years
Breakeven Year
Year 2
Buying becomes cheaper
Rent Total (10yr)
€228.883
Rent + opportunity cost
Buy Net (10yr)
€17.716
Costs minus equity built
Savings (if correct)
€211.167
Saved by buying
Upfront Cost to Buy
€75.565
Incl. €21.000 ITP
Monthly Mortgage
€1628
Home Value at Year 10
€518.085
Equity: €303.076
10-Year Total Cost Comparison
Rent: cumulative rent + opportunity cost of the deposit if invested. Buy: upfront + ongoing costs minus equity built.
Year-by-Year Breakdown
Green rows = buying ahead cumulatively.
| Year | Rent (cumu) | + Opp Cost | Buy (cumu) | Home Equity | Buy Net |
|---|---|---|---|---|---|
| Year 1 | €16.800 | €3023 | €99.656 | €73.232 | €26.424 |
| Year 2 | €34.104 | €6166 | €123.837 | €94.824 | €29.014 |
| Year 3 | €51.927 | €9435 | €148.112 | €117.309 | €30.803 |
| Year 4 | €70.285 | €12.835 | €172.481 | €140.726 | €31.754 |
| Year 5 | €89.193 | €16.371 | €196.946 | €165.114 | €31.832 |
| Year 6 | €108.669 | €20.049 | €221.510 | €190.512 | €30.998 |
| Year 7 | €128.729 | €23.874 | €246.175 | €216.962 | €29.212 |
| Year 8 | €149.391 | €27.851 | €270.942 | €244.509 | €26.433 |
| Year 9 | €170.673 | €31.988 | €295.813 | €273.198 | €22.616 |
| Year 10 | €192.593 | €36.290 | €320.792 | €303.076 | €17.716 |
Upfront Costs to Buy
Deposit€52.500
Stamp Duty (ITP)€21.000
Legal / conveyancing fees€1500
Survey€800
Mortgage arrangement fee€1000
Total upfront€75.565
How this works
- • Opportunity cost assumes your deposit + fees could otherwise earn 4% / year.
- • Buying includes mortgage, ~1% maintenance, 0.3% buildings insurance — each inflating 2% / year.
- • Home equity = property value (grown at 4% / year) minus outstanding mortgage.
- • Buy Net = total paid to own the home minus the equity you've built. Lower is better.
- • Breakeven = the year Buy Net first drops below Rent + Opportunity Cost.