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Tag Archives: renting

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 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

Cost of Renting Falls – First Time in 5 Years

Madrid is the most expensive community for renting

The average price of rental housing in Spain fell by 1.7% year-on-year in February, the first fall following almost six years of increases. When compared to January, the fall in the cost of rental housing was -0.9%. This brings the average cost per square metre per month to €10.48, according to data from fotocasa. The Continue Reading

Rental Housing Price Increases Slowing

Average rental price is 10.65 euros/m² per month

The regular increase in the price of rental housing in Spain appears to be slowing with the smallest increase in six years seen at the end of 2020. The close of the year saw rental prices increase by only 4.6% to put the average cost per square metre at 10.65 euros per month. This increase Continue Reading

Renting Cost Continues to Rise in Spain

Cost of renting up in October

The price of rental housing in Spain increased by 0.1% in October, when compared to the previous month. When compared to the same period in 2019, the variation is +9.6%. This brings the average monthly cost of renting a home in Spain to €10.75 p/m². This is the fifth consecutive annual increase and also the 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

Cost Of Rental Homes Down in Q3

Renting cost fell in 12 autonomous communities

In Spain, the price of rental homes experienced a quarterly decrease of -0.7% at the end of the third quarter and an annual increase of 12%, placing the average price at the end of September at 10.74 euros per square meter per month. This last year-on-year increase represents the sixth increase in this period after Continue Reading

Price Of Renting Hardly Moved in August

Rental costs up only 0.1% in August

The price of homes for rent in Spain increased 0.1% when compared to July and increased by 8.6% when compared to the same month in the previous year. This brings the average cost to €10.74 p/m² per month according to data from Fotocasa. This value is -28% below the average for the Community of Madrid, Continue Reading