Homeowners for rent have found a lode with the steady rise in rents. The demand far exceeds the supply available and this carries with it a significant increase in prices that had been hibernated for ten years. As of March, the rental price has risen by 8.8%, leaving the price per square meter at 8.9 euros per month, according to the rent price evolution report published by idealista, which has analyzed 56,002 Published in its database in March 2017.
Barcelona is the capital where landlords demand more for their flats (18.1 euros per square meter), followed by Madrid (14.8 euros) and San Sebastián (13.8 euros). Meanwhile, the most affordable rentals are in Lugo, Ávila and Teruel, with a price of 4.3 euros per square meter.
Leasing has become the main housing option for a large percentage of Spaniards and this is reflected in last year's price hikes, although incomes have not yet reached, in most markets, the price they marked At its peak ten years ago, explains Fernando Encinar, for whom "one of the consequences of the collapse of the real estate bubble has been that the Spaniards have finally disposed of all the mantras that ruled the market for decades, such as tan Hired to rent is to throw the money ".
All the autonomous communities record higher prices than they had three months ago. The highest increase has been recorded in the Balearic Islands, where the price has grown 15.9%, followed by Madrid (5.1%), the Canary Islands (5%) and Catalonia (4.9%). The lowest increases have occurred in Aragon (0.4%), Extremadura (0.4%), Castilla La Mancha (0.6%) and Asturias (0.9%). Catalonia (13.9 euros per square meter per month) is the most expensive autonomy. It is followed by Madrid (13.5 euros), and Baleares (11.8 euros). On the contrary, the most economic are Extremadura (4.1 euros), Castilla La Mancha (4.5 euros) and La Rioja (5.1 euros).
If you look at the provinces, 40 have seen their prices increase during the winter. The largest increase has been recorded in the Balearics, where prices have increased by 15.9%. Also significant were the increases registered in Palencia (8.8%), Las Palmas (7.6%), Girona (7%) and Zamora (6.7%). The largest fall occurred in Teruel (-4.9%), followed by Cáceres (-2.3%) and Zaragoza (-1.7%). The ranking of the most expensive provinces is headed by Barcelona (15.7 euros per month), Madrid (13.5 euros) and Guipúzcoa (12 euros). Jaén is the most economic province to rent a house, with 3.6 euros / month. They are followed by Teruel (3.7 euros) and Ávila (3.8 euros).
Palma is the capital in which the rental price has grown the most during the last quarter, with an increase of 11.4% in the income of its houses. There has also been a considerable increase in Girona, where they have increased by 8.4%, followed by Las Palmas (8.3%). On the opposite side is Murcia, where owners ask 4.5% less than a quarter ago for leasing their homes. Following are the decreases of Pontevedra (-1.9%), Cáceres (-1.2%), Zaragoza and Avila (-0.8% in both cases).
According to Encinar, "the forecast for the coming months does not allow us to be very optimistic. As the economy improves and job creation increases, rent prices could continue to rise. However, we will also have to be vigilant to see what happens with the rents in Barcelona and Madrid, the launching point of the rental market in Spain, whose growth has slowed in the last quarter.