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Fotocasa: Rental Prices Rose by 8.9% in 2017
15 January 2018 – Eje Prime
House prices are continuing to soar in both the purchase and rental markets. According to the latest report compiled by Fotocasa, rental prices rose by 8.9% on average last year, which represents the highest rise in the historical series, prepared since 2007.
Eleven years ago, this market recorded an increase in rental prices of 3.3%, according to the real estate platform. With the latest increase, rental prices have now registered three consecutive years of rises, although not all of the autonomous regions evolved in the same way.
Until the end of 2017, the only autonomous region to record rental price rises of more than 10% was Cataluña, whereas a year before, Madrid and the Balearic Islands also formed part of that group, according to Cinco Días.
The study, which also analyses the districts of Madrid and Barcelona, shows that in 2017, neighbourhoods such as Ciutat Vella and l’Eixample, in Barcelona, and Centro in Madrid, closed the year with decreases.
Original story: Eje Prime
Translation: Carmel Drake