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Cost of Renting Increased in April

Renting is 0.8% more expensive in Spain since May

In April, the cost of renting a home in Spain registered a monthly increase of 0.8% to put the average cost per square metre at 8.54 euros per month. This price returns us to figures similar to those seen in December 2009, when the price stood at 8.55 euros/m² per month. Looking at the annual Continue Reading

Rental Costs Up Slightly in April

Rental Costs Up Slightly in April

The price of rental housing in Spain registered a slight increase of 0.8% in April. This puts the average cost per square metre at €8.54 p/month. This figure returns us to similar levels seen in December 2009, when the average price was 8.55 euros p/month. Looking at the year-on-year variation, we see an even smaller Continue Reading

Rental Costs Increased in First Quarter

Rental Costs Increased in First Quarter

The average rental price in Spain increased 2.1% in the first quarter of 2019. In March, the average cost for renting a home was 8.47 euros p/m², according to data from fotocasa. “The average rental price continues to rise, but at a more moderate pace than what we were used to and with very different Continue Reading

Rental Prices Fell Slightly In January

Rental prices fell slightly in January

The price of rental housing in Spain registered a slight drop of 0.7% in January, when compared to January of the previous year. This is only the second decline in rental prices since March 2015. In fact, except for two slight falls, we have seen 47 consecutive months of increases in rental prices. “After almost Continue Reading

Tenants Struggle to Meet Rental Costs

Tenants Struggle to Meet Rental Costs

The gap between tenant budgets and rental prices is growing, according to a report from property portal pisos.com. The gap between supply and demand grew to 147 euros in 2018, a massive 68% increase when compared to 2017. This means tenants are looking at paying 1,764 euros per year more than they can afford. This Continue Reading

Rental Price Growth Slowed in 2018

Rental prices fell by 0.6% in Q4

The price increases of rental housing slowed in 2018 and ended the year with an interannual increase of 9.3%. Compare this to growth of 18.4% in 2017. This leaves the average square metre at 10.6 euros per month. The slowdown was caused in part by a fall in prices during Q4 when the average cost Continue Reading

Cost of Renting in Spain Fell in November

Cost of Renting in Spain Fell in November

The average price of renting a home in Spain dropped by 0.5% in November. This takes the average price per square metre, per month down to €8.18, according to data from Fotocasa. As for the year-on-year variation, the cost of renting increased by 0.6%, when compared to November last year. This continues the annual increases Continue Reading

Unfurnished Rental Properties are 40% Cheaper

More than 50% of rentals in Madrid are unfurnished

Properties in Spain that are on the rental market without furniture are, on average, 39.2% cheaper than those that are rented furnished. Nationally, less than one in three properties offered for rent are offered without furniture (30.6%). Within that 30.6%, there are two groups: 21.4% are offered with a fitted kitchen (refrigerator, washing machine, oven/hobs), Continue Reading

Cost of Renting a Room in Spain Increases

Average room rental cost is up 7%

The cost of renting a room in a shared property has increased by 7% over the last year. This brings the average cost to 331 euros per month, according to a study by idealista. At the same time, the amount of available rooms has reduced by 3.3% which is likely to keep prices rising. In Continue Reading

The Cost of Renting a Home Fell in May

Prices grew 8% in the Canary Islands

The average price of renting a home in Spain decreased by 1.1% in May to stand at €8.44 p/m² per month, according to data from fotocasa. On a monthly basis, rental costs increased in eight communities and decreased in nine. The highest monthly increase was recorded in Murcia (+2.6%), followed by the Canary Islands (+1.1%) Continue Reading