Santander · report
Buy or rent in Santander
Owning a 90 m² home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the appraised value; rent is the mean of new leases. Repaying the loan is saving, so it is left out.
- Rent per month
- €923
- Owning per month
- €848
Try your own numbers
Starting from the average appraised value of €2,662/m², and the mean rent of leases signed in 2024, €10.3/m² a month, in Santander, and a mortgage rate of 3.0%.
Owning costs less each month than renting.
- Rent a month
- €923
- Owning a month, not recovered
- €841
- Interest
- €539
- Running costs
- €200
- Return given up
- €102
- Cash out a month, if buying
- €1,109
The comparison counts only the costs of owning you never get back: interest, running costs and what the deposit and purchase costs could earn elsewhere. Loan repayments build equity, so they are left out. So is any rise in the home's value, because nobody knows it in advance. Rents here are the mean rent of leases signed in the year, from landlords' income tax returns (AEAT); prices are appraised values, not sale prices.
Other reports for Santander
At the average appraised value, a 90 m² home costs €239,607. With 10% down and a 30-year mortgage, the payment is €914 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 26%
- Payment, one income
- 51%
Figures for Cantabria province: Santander has no reliable figures of its own.
60.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 1,491
Figures for Cantabria province: Santander has no reliable figures of its own.
Buyers living abroad bought 1.3% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 1.3%
Appraised values have fallen by 3% or more 2 times since 2005. The deepest began in Q3 2007.
- Deepest fall
- −40.8%
- Recovery from the low
- 126 months
8.3% of the 93,407 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 8.3%
- Empty homes
- 7,731