{"id":3480,"date":"2022-02-21T13:00:38","date_gmt":"2022-02-21T12:00:38","guid":{"rendered":"https:\/\/www.marbellaforsale.com\/blog\/?p=3480"},"modified":"2022-02-21T13:00:38","modified_gmt":"2022-02-21T12:00:38","slug":"cost-of-renting-a-home-up-in-january","status":"publish","type":"post","link":"https:\/\/www.marbellaforsale.com\/blog\/cost-of-renting-a-home-up-in-january\/","title":{"rendered":"Cost of Renting a Home Up in January"},"content":{"rendered":"
\"Cost

Cost of renting in Spain up 2.57% annually<\/p><\/div>\n

In January 2022, the cost of renting a property in Spain reached an average of \u20ac10.07 per square metre<\/strong>. This is a rise of 0.9% when compared to the previous month. Year-on-year, the variation is +2.57%.<\/p>\n

According to the Director of studies at pisos.com<\/a>, Ferran Font, “the rental market is recovering in a positive trend, but the increases are within what is sustainable. Following a few years of adjustments rental costs have resumed their upward path but with only very slight increases. The increase in rental stock has of course had a positive effect on prices for tenants which will always be the case when supply increases in line with demand.”<\/p>\n

The investor appetite for buy-to-let is booming at the moment and is beginning to catch up with the number of homeowners who are leasing their homes privately.<\/p>\n

The monthly report of piso.com revealed that the most expensive regions to live for renting in January 2022 were Madrid (\u20ac12.23\/m\u00b2), the Balearic Islands (\u20ac11.83\/m\u00b2) and Catalonia (\u20ac11.22\/m\u00b2). The cheapest rents were found in Castilla y Le\u00f3n (\u20ac4.56\/m\u00b2), Extremadura (\u20ac5.16\/m\u00b2) and La Rioja (\u20ac5.32\/m\u00b2). In the last month, the most striking increase took place in Murcia (2.71%). The greatest drops in rental costs were seen in the Basque Country (-2.81%). Compared to last year, Catalonia (11.86%) was the one that increased the most and La Rioja (-12.90%) the one that fell the most. Andalucia<\/strong> closed January with an average cost per square metre of 7.35 euros.<\/p>\n

Provinces<\/h3>\n

Looking at the ranking of most expensive provinces for renting a property in Spain<\/a> in January 2022 the first position went to Barcelona, with 12.25 euros per square meter. It was followed by Madrid (\u20ac12.23\/m\u00b2) and the Balearic Islands (\u20ac11.83\/m\u00b2). On the opposite side, Cuenca closed the month with an average cost of 3.27 euros per square meter. Other cheaper provinces were \u00c1vila (\u20ac3.38\/m\u00b2) and Ciudad Real (\u20ac3.52\/m\u00b2). The province that saw the largest monthly increase was Alicante (2.98%), while the one that saw the largest fall was \u00c1lava (-2.92%). From one year to another, the highest increase registered was that of Pontevedra (17.12%). The income that fell the most was that of Ourense (-18.01%).<\/p>\n

Regarding provincial capitals, Barcelona was the most expensive<\/strong> for tenants with an average price of 17.62 euros per square meter. It was followed by Donostia-San Sebasti\u00e1n (\u20ac15.91\/m\u00b2) and Madrid (\u20ac15.79\/m\u00b2). On the other hand, Zamora was the cheapest with 5.11 euros per square meter. Other economic provincial capitals included Ciudad Real (\u20ac5.81\/m\u00b2) and Cuenca (\u20ac5.92\/m\u00b2). Soria (3.05%) led the monthly increases, while Guadalajara (-2.96%) was the capital that devalued the most in January. Compared to January 2021, Lugo (19.58%) led the increases. The most striking fall was seen in Ourense (-7.16%).<\/p>\n

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