15 February 2018 – Eje Prime
Rental prices are continuing to rise in Barcelona. The average price of the new contracts signed in 2017 amounted to €877.20, up by 9.48% compared to a year earlier. In this way, the Catalan capital has now recorded four consecutive years of price increases.
Last year, 49,953 new residential rental contracts were formalised in Barcelona, almost 8,000 more than in 2016, according to data published today by the Chamber of Urban Property in Barcelona.
The neighbourhood of Eixample accounted for the highest market share, with 21%, followed by Sant Martí, with 12%, Ciutat Vella, with 11%, and Sants-Monjuïc, Sarrià-Sant Gervasi and Gràcia, with 10% each.
This data contrasts with the forecasts made by the Chamber at the end of last year, which predicted a containment of prices in the city. The districts that saw the highest price rises were Sants-Montjuïc (12.43%) and Ciutat Vella (12.11%), followed by Nou Barris (11.48%) and Horta-Guinardó (10.38%). The lowest price rises were seen in Les Corts (6.73%) and Sarrià Sant-Gervasi (7.27%).
Original story: Eje Prime
Translation: Carmel Drake