At the end of 2022, the paverage price of housing for rent has increased by 8.4% year-on-year in Spain to 11.4 euros/m2 per month, according to the latest home rental price index published by idealista, the real estate marketplace in southern Europe.
Son 2.7 percentage points more than the inflation rate registered in Decemberafter knowing the final data of the Consumer Price Index (CPI) for the last month of the year published by the National Statistics Institute (INE).
Increases higher than those of the last published inflation rate (5.7%) have been registered in 32 provincial capitals. Barcelona leads the increases with a rise of 25.7% in the last year, followed by increases of over 20% in Alicante (23.4%), Valencia (20.9%) and Malaga (20.7%). .
Behind, the rises of Girona (19.2%), Ourense (15.9%), Teruel (13.8%), Palma (11.9%), Jaén (11.4%) and Madrid ( 11.2%). Another 22 capitals have registered increases in rental prices below 10%, but still above the inflation rate at the end of 2022, such as Almería (9.2%), Las Palmas de Gran Canaria (8 7%), Granada (7.9%), Seville (6.3%) or Bilbao (6.1%).
Only in three provincial capitals have rental prices fallen during the last year in December, such as Palencia (-4%), Córdoba (-0.3%) and Zamora (-0.1%), while large capitals such as Murcia (3.7%), Zaragoza (4.6%) or the most expensive such as San Sebastián (5.2%) have risen, but below the inflation rate.
Large populations also register significant increases in income
In the analysis with idealista data of the residential rental markets, we studied other 50 prominent towns with more than 75,000 inhabitants. Up to 35 of these municipalities registered annual increases in income above the CPI, where Torrevieja (26.8%), in Alicante; Marbella (24.5%), Málaga and Santa Coloma de Gramanet (18.7%), Barcelona.
There are 14 other locations still above 10%, with higher increases in San Fernando (17.4%), in Cádiz; Orihuela (15.1%), in Alicante; o Gandía (13.8%), in Valencia; Cornellà de Llobregat (13.4%), in Barcelona; and in Jerez de la Frontera, Cádiz, or San Sebastián de los Reyes, Madrid (both with 13%).
Another 18 municipalities registered increases above December inflation, but below double digits, such as Torrejón de Ardoz (9.7%), in Madrid; Santiago de Compostela (9.5%), in A Coruña; Torrent (9.4%), in Valencia; Sant Cugat del Vallès, in Barcelona (9.3%) or Getafe (9%), in Madrid.
On the other hand, only three of these populations recorded annual falls in the prices of house rentals at the end of the year. They are Lorca (-5.4%), in Murcia; San Cristóbal de La Laguna (-4.3%), in Santa Cruz de Tenerife and Avilés (-1.4%), in Asturias.
Finally, 12 towns had rent increases below the inflation rate, such as Vigo (1%), in Pontevedra; Pozuelo de Alarcón (2.2%), in Madrid or Mataró (2.9%), in Barcelona.
Rentals in the metropolitan areas of Barcelona and Madrid
The evolution of housing prices and rents between neighboring towns are closely linked, especially in the metropolitan areas of large capitals. While the city of Barcelona (25.7%) has registered a more than notable rise in rental prices around it in municipalities, such as Santa Coloma de Gramanet (18.7%), Cornellà (13.4% ), Sant Boi de Llobregat (12.3%) or L’Hospitalet de Llobregat (11.5%), have also risen to double digits.
In Sant Cugat del Vallès (9.3%), Terrassa (8.9%), Badalona (7.5%), Sabadell (6.5%) they were also higher than the CPI and only Mataró (2.9%) rose below inflation.
After the 19.3 euros/m2 per month in Barcelonathe most expensive rents are registered in Sant Cugat (14.6 euros/m2) or Cornellà (13.3 euros/m2), where both cities reach maximum rents. These towns in the Barcelona metropolitan area are among the most expensive among the towns with more than 75,000 inhabitants analysed, only surpassed by Marbella, with an average price of 15 euros/m2.
The city of the Costa del Sol, with a rise of 24.5%, together with the 20.7% rise in the capital of Malaga, confirms the broad demand for the rental market in this part of the Andalusian coast.
In Madrid, meanwhile, San Sebastián de los Reyes (13%) and Fuenlabrada (11.9%) had higher increases than the capital (11.2%), while in Leganés (11%) and Parla (10.1 %) also increased by double digits.
Only Pozuelo de Alarcón (2.2%) and Móstoles (5%) had increases below inflation, while in eight other towns, such as Torrejón de Ardoz, Getafe, Coslada, Alcalá de Henares, Alcobendas, Rivas-Vaciamadrid , Las Rozas or Alcorcón, the increase in rental prices was between 5.7% and 10%.
After the 16.2 euros/m2 per month of rents in Madridthe most expensive rents among these large populations in the metropolitan area of the capital They occur in Pozuelo (12.4 euros/m2), Las Rozas (12.1 euros/m2), Alcobendas and San Sebastián de los Reyes (both with 12 euros/m2), only reaching maximums in the latter location.
