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INE: Rental Prices Decreased By 0.4% In August

22 September 2015 – El País

The average price of rental housing in Spain decreased by 0.4% in August, with respect to the same month last year, according to the Consumer Price Index (CPI) published by the National Institute of Statistics (INE) earlier this month.

As such, rental prices have recorded 29 consecutive months of decreases and are in keeping with overall CPI (-0.4%). In terms of the monthly trend, rental prices remain unchanged and so, the cumulative decrease for the first eight months of the year amounted to 0.3%.

By autonomous region, rental prices decreased in every region, with the exception of Cataluña (0.3%), the Balearic Islands (0.3%) and Galicia (0.1%), as well as Melilla (0.7%). Meanwhile, the most marked decreases were recorded in La Rioja (-2.9%), Valencia (-1.3%), Madrid (-1.1%), Murcia (-1%), Castilla y León (-0.7%), Castilla-La Mancha (-0.7%), Andalucía (-0.6%) and Asturias (-0.5%).

Aragón, Cantabria and Navarra recorded decreases in line with the national average (-0.4%); and the Canary Islands, Extremadura, País Vasco and Ceuta experienced decreases of -0.2%.

Original story: El País

Translation: Carmel Drake