Renting Out Your Flat in Valencia: How It Works in 2026
Many owners from abroad have a flat in Valencia, as an investment or as a second home for later. Anyone who wants to rent it out soon runs into the same questions: can it still be a tourist let, who are the tenants, what does it earn, and how is it taxed when you do not live in Spain? This guide answers them for 2026.
Quick answer: in 2026 you can rent out a flat in Valencia in one of three ways. A tourist let is no longer possible for most flats since the new 2026 rules. A mid-term let, furnished for 1 to 11 months to expats and professionals, earns the most per month but takes more work. A long-term let gives a stable income on a contract of up to 5 years. If you live in the EU, you pay 19% tax in Spain on the net rental income.
Three ways to rent out a flat
Tourist | Mid-term | Long-term | |
|---|---|---|---|
Stay per tenant | up to 10 days | 1 to 11 months | up to 5 years (7 years with a company landlord) |
Licence needed | yes, and no longer available for most flats | no | no |
Tenants | tourists | expats, professionals, students with a temporary reason | families and local tenants who make it their home |
Furnishing | furnished | furnished, all-inclusive | often unfurnished |
Work for the owner | a lot | moderate, at every change of tenant | little |
Tourist lets: mostly not an option since 2026
On 31 March 2026 Valencia approved permanent rules that replaced the moratorium on new tourist licences. There are now hard limits per neighbourhood and district. In a residential building, a new tourist flat is only possible on the ground or first floor, below all homes and with its own street access. The community of owners must also agree.
For the typical flat on an upper floor, a tourist let is off the table. All the details are in Valencia's new tourist flat rules.
Mid-term lets to expats and professionals
In a mid-term let, a tenant rents the flat furnished for 1 to 11 months on a temporary contract (arrendamiento de temporada). No tourist licence is needed. The tenants are people in Valencia for a concrete, temporary reason: a work assignment, a relocation, a semester, a family between two homes.
What to watch:
A genuine temporary reason. The contract states the reason for the stay and an end date that matches it. Spanish courts look at the real purpose of the let, not the label on the contract. A contract without a real temporary reason can be treated as a standard residential lease, with the protections that come with it.
The rules are changing. A government decree of 29 September 2026 limited temporary contracts to 12 months with a written reason. Congress rejected it on 2 October 2026, so it no longer applies, but the government wants to bring these rules back. A contract with a concrete reason and a matching end date protects you either way. More in Spain's rental registry after the Supreme Court ruling.
The deposit is lodged with the Generalitat Valenciana.
What tenants expect: a fully furnished flat, wifi and a monthly price that includes utilities. A room-by-room list is in furnishing a flat for mid-term tenants.
Long-term lets
In a long-term let, the flat becomes the tenant's permanent home under the standard Spanish rental law (LAU). The contract runs for up to 5 years if you let as a private individual, or 7 years if a company lets. The tenant can leave after 6 months with 30 days' notice, and the legal deposit is 1 month's rent.
It suits an unfurnished or older flat, a location outside the areas expats look at, and an owner who wants a predictable figure and little work. The full comparison is in mid-term or long-term let.
What does it earn?
In late 2026, furnished one- and two-bedroom flats in Valencia rent for roughly €1,300 to €2,500 a month. That is the gross rent. What you keep depends on the costs:
IBI, the yearly property tax;
community fees and home insurance;
for a mid-term let: utilities, wifi, cleaning between tenants and wear of the furniture;
empty weeks between two tenants;
management, if you do not do it yourself;
Spanish income tax.
In a typical scenario, a flat earns a gross yield of 7.8% on the purchase price and a net yield of about 3.5% on the total investment. How to work it out for your own flat is in rental yield in Valencia: gross vs net.
Tax if you live abroad
Rent from a flat in Valencia is taxed in Spain, even if you live in another country. You declare it with Modelo 210.
Residents of the EU, Iceland, Norway or Liechtenstein pay 19% on the net rental income: the rent minus deductible costs such as IBI, community fees, insurance, repairs, management and depreciation. You need a tax residence certificate from your own country.
Residents of other countries, including the UK, pay 24% on the gross rent.
For months when the flat is empty or you use it yourself, you pay tax on an imputed income: 1.1% or 2% of the cadastral value.
How your own country treats this Spanish rental income depends on your situation; have a tax advisor check it. The Spanish side is explained in non-resident landlord tax in Spain: Modelo 210.
Rent it out yourself or use a manager?
Letting from abroad yourself means finding and screening tenants, drawing up contracts, handing over keys, arranging cleaning between tenants, following up repairs and being reachable when something goes wrong. With a mid-term let, this happens several times a year.
Nestor, the property management company of the Globexs group in Valencia, does this on the ground through the Globexs Superior Plan:
Globexs publishes your flat as a featured listing, screens the tenants, prepares the contract and processes the deposit and the monthly payments;
Nestor handles check-in and check-out, cleaning between tenants, inventories and help for the tenant during the stay;
you pay a one-time start-up fee of €400 + VAT, then 10% of each month's rent while the flat is rented out through Globexs;
any repair above €300 is sent to you for approval first;
the rent is transferred to your account on the 5th or the 20th of the month.
What management in Valencia usually costs and what it includes is in how much does property management cost in Valencia.
Step by step
Choose the model: mid-term or long-term. A tourist let is only possible if your flat meets the strict conditions.
Get the flat ready: furniture, wifi and small repairs for a mid-term let.
Sort out the tax side: a Spanish tax number (NIE), the tax residence certificate and a plan for Modelo 210.
Decide whether you let it yourself or use a manager.
Have a contract drawn up for each tenant with a concrete reason and a matching end date.
Frequently asked questions
Can I still rent out my flat in Valencia to tourists?
Usually not. Since the 2026 rules, a new tourist flat in a residential building is only possible on the ground or first floor, with its own entrance, in a neighbourhood below the limits and with the approval of the community of owners.
Do I need a licence for a mid-term let?
No. A furnished let of 11 days or more to the same person is not a tourist let. The contract must state a genuine temporary reason and a matching end date.
How much rent can I ask?
In late 2026, furnished one- and two-bedroom flats in Valencia rent for roughly €1,300 to €2,500 a month, depending on the area, the size and the condition.
How much tax do I pay in Spain if I live abroad?
19% on the net rental income if you live in the EU, Iceland, Norway or Liechtenstein, and 24% on the gross rent if you live elsewhere. You declare it with Modelo 210.
What does it cost to have my flat managed?
At Nestor, a one-time start-up fee of €400 + VAT, then 10% of each month's rent. Finding the tenant, check-in, check-out, cleaning between tenants and inventories are included.
Get a proposal for your flat
Send the address, the size and the current situation of your flat. You get a written proposal with what is included and what it costs, no visit required and no obligation. Contact Nestor
