11 October 2017 – Eje Prime
Rental prices are continuing to climb in Spain. In September, the average price of rental homes rose by 24%, to reach €9.40/m2/month.
By contrast, in cumulative terms during the quarter, the index only rose by 0.5%, according to the real estate portal Idealista.
Eleven autonomous regions saw their residential rental price rises over the summer. The Canary Islands is the region where rental prices grew by the most (3.8%). It was followed by Madrid (3.7%) and Cataluña (3.1%). Meanwhile, the Balearic Islands was the region that saw the most significant decrease in rental prices during the last quarter (-5.9%). By provincial capital, Valencia recorded the highest rental price rise (6.1%), followed by Guadalajara (6%) and Sevilla (5.8%).
Barcelona is the Spanish city with the most expensive average absolute rental price, of €18.3/m2/month. It is followed by Madrid, at €15.3/m2/month, whilst Zamora and Ávila, which both have an average rental price of €4.5/m2/month, are the two cheapest cities in which to rent a home in the country.
Original story: Eje Prime
Translation: Carmel Drake