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Rental Price Rises 2.40% in First Half

Average cost of renting in Spain was €10.22 in June

The average cost of renting a home in Spain was 10.22 euros per square meter at the end of the first half of the year. This figure marked a monthly decrease of -0.10% and a quarterly increase of 0.17%, half-yearly of 2.40% and interannual of 6.13%. According to Ferran Font, Director of Studies at piso.com, Continue Reading

Cost of Renting Up 5% Since Last April

Average rental costs reached €10.17 in April

The monthly cost of rental housing in Spain had an average monthly price of 10.17 euros per square meter in April 2022. This figure marked a monthly rise of 0.30%. In the year-on-year comparison it increased by 5.18%. According to Ferran Font, Director of Studies at piso.com, “The upward trend in monthly rental payments is Continue Reading

Cost of Renting a Home Up in January

Cost of renting in Spain up 2.57% annually

In January 2022, the cost of renting a property in Spain reached an average of €10.07 per square metre. This is a rise of 0.9% when compared to the previous month. Year-on-year, the variation is +2.57%. According to the Director of studies at pisos.com, Ferran Font, “the rental market is recovering in a positive trend, Continue Reading

Cost of Renting a Home Increased in August

Cost of renting in Spain up 0.6% in August

In August 2021, the cost of renting Spanish property had an average cost per square metre of 9.763 euros per month. This represents a monthly increase of 0.62%, and an annual variation of -1.97%. “Although renting is somewhat cheaper than last year, month by month we see how the monthly payments recover ground”, said Ferran Continue Reading

Cost of Renting a Home Fell in July

Cost of rental housing down 2.7%

The price of rental housing in Spain was €10.44 per square metre in July. This is a variation of -2.7% when compared to July in 2020, according to data from property portal fotocasa. This is the sixth consecutive fall. “For several months the trend in rental prices in Spain has changed and large price increases Continue Reading

Cost of Renting in Spain Fell in May

Rental costs fell again in Many

In Spain, the price of rental housing increased by 0.2% on the monthly variation but fell by -4.5% when compared to the same month in 2020. This places the average price at €10.42 p/m² per month in May, according to data from the Fotocasa Real Estate Index. This last value (-4.5%) is the fourth decrease Continue Reading

Average Rental Costs Fell in April

Rental price falls good for tenants

In Spain, the price of rental housing decreased by -0.5% on the monthly variation and by -5.6% interannually. This places the current average cost at €10.40 p/m² per month in April, according to data from Fotocasa. This last value (-5.6%) is the third decrease registered since February 2021 (-1.7%). “The rental market moves at different Continue Reading

Rental Returns Increased in First Quarter

Murcia offered investors the best returns

For an average home with a price of 178,395 euros and an average monthly rent of 958 euros, an owner saw a return of 11,496 euros gross per year, a gross return of 6.44%. During the first quarter of the year, there was an increase of more than six tenths compared to the same quarter Continue Reading

Disposable Income Falling as House Prices Rise

Mortgages account for 41% of salary, on average

In 2019, the average monthly mortgage repayment was 591 euros, in Spain, according to the College of Notaries. Looking at renting, the average monthly rent was 966 euros. In both cases, the percentage or monthly income allocated to housing costs is well above that recommended by the Bank of Spain. “The economic capacity of families Continue Reading

Renting Costs Increase Across Spain

Tenants need 5.1% more to rent in Spain

Renting a property finished 2019 5.1% more expensive than at the start of the year. The average price per square metre per month stood at €10.18 in December. This is the highest national average price since 2006, beating the previous high of €10.12 per square metre per month, which was seen in May 2007. Additionally, Continue Reading