The úlatest housing rental price data from idealistic they have repositioned Notable markets at new all-time highs, as in Barcelona (17.6 euros/m2 per month), Palma (12.5 euros/m2), Malaga (10.9 euros/m2) or Valencia (10.3 euros/m2). Another 17 provincial capitals have signed a record in the rents that were offered in August. We analyze the districts of these large cities, together with Madrid, with increases that have exceeded inflation, and that have peaked in well-known areas such as the Ciutat Vella in Barcelona and Valencia, and in the center of Malaga.
The price of rental housing in Spain closed July with a year-on-year rise of 6.4%, up to 11.3 euros/m2 per month, which represents the highest year-on-year rise recorded in 2022, according to the latest report published by idealistic, the real estate marketplace in southern Europe. The average rents that owners ask for their houses for rent are only 1.2% below the maximum of the rental market in Spain, registered in September 2020.
And it is that in important housing markets such as Barcelona (17.6 euros/m2 per month), Palma (12.5 euros/m2), Malaga (10.9 euros/m2), Valencia (10.3 euros /m2) or Zaragoza (8.8 euros/m2), prices have reached new all-time highs. We analyze the rental income in the districts of these five capitals, as well as in the largest home rental market in Spain, such as Madrid (16.1 euros/m2).
Rental prices in Barcelona have increased by 20.2% year-on-year in August, more than inflation. The most expensive districts of the Catalan capital, such as Ciutat Vella (20.8 euros/m2/month) or Eixample (18.6 euros/m2/month) grew even faster, with increases of 29.7% and the 25.6%, respectively, reached a new price ceiling.
Along with these two areas, Sarrià-Sant Gervasi (17.9 euros/m2/month) and Horta Guinardó (13.8 euros/m2) have also reached new highs in the historical series, after seeing how rents increased by 13% and 14% in August, respectively. Among the most expensive districts, Sant Martí (17.2 euros/m2/month) remains below its ceiling, although it has grown by 15.7% year-on-year.
Among the most affordable prices in Barcelona, the already mentioned Horta Guinardó, joins the 12.8 euros/m2 of Nou Barris or the 13.5 euros/m2 of Sant Andreu, after increasing by 8.7% and 11, 8% in August, respectively, and still far from their maximum rental prices.
while in Palmathe city’s average rent hit a new high this year to 12.5 euros/m2 per month, after an increase of 13% year-on-year last month. Nine of the 12 districts of the Majorcan capital are at the highest in the idealista historical series. However, two of the three most expensive ones did not set the limit in the rise last month, even though, for example, in Portixol-Molinar (15.3 euros/m2) one of the highest rises in the city was registered with a 26.4%. Only Rafal – Son Forteza (11.9 euros/m2) had a more notable rise, of 27.6%, reaching a record for the area.
Also, Ciutat Antigua (13.3 euros/m2) continues slightly below its ceiling, after rising 10.4% year-on-year in August. The district of Genova – Bonanova – Sant Agustí (14.4 euros/m2) is indeed at its highest, after growing by 16.8% year-on-year.
The most affordable areas of Palma have also reached new highs, such as Son Ferriol – Sant Jordi (10.6 euros/m2), Las Avenidas (10.8 euros/m2) or Son Oliva – Plaza Toros – Camp Redó (10 9 euros/m2), after seeing how rents rose by 24.6%, 15.2% and 13.7%, respectively.
Málaga (10.9 euros/m2/month) is the next capital in the analysis of cities in maximum rent. Of its 10 districts, six of them have reached maximum prices, headed by the East zone (12.7 euros/m2) and Center (11.8 euros/m2), after an increase compared to August of last year of 17, 9% and 18.6%, respectively.
accompanies them Churriana among the most expensive in the Andalusian capital with 11.3 euros/m2, after experiencing a rise of 50.5% year-on-year in August. Behind them, complete the sextet of districts at all-time highs: Teatinos (10.6 euros/m2), Puerto de la Torre (10.5 euros/m2) and Campanillas (10.3 euros/m2), with increases still above inflation, 16.1%, 9.8% and 15.3%, respectively.
In Cruz de Humilladero (10 euros/m2) and Carretera de Cádiz (10.9 euros/m2) three continue to increase in August, up to 16.5% and 10.2%, respectively, are very close to peaking. While in Ciudad Jardín and Bailén-Miraflores, both with 9.6 euros/m2, they are still somewhat further away from their highest rents.
The Valencia city reaches a new maximum rental price of 10.3 euros/m2 per month after the 16% year-on-year increase in August. This increase is due, above all, to the maximum prices reached in nine of the 16 districts of the Valencian capital.
The most notable increases were in Extramurs (10.6 euros/m2), L’Eixample (12 euros/m2) and Quatre Carreres (10.1 euros/m2) with 23%, 21.% and 20.2 %, respectively, and which places the first two as the most expensive districts in the city, only surpassed by Ciutat Vella (13.1 euros/m2), after a year-on-year increase of 19.2% in the rents requested by owners , and reaches a new maximum of the area.
In Zaragoza (8.8 euros/m2), meanwhile, the increases have been more moderate than in the rest of the capitals, but after rising 5.7% year-on-year, it reaches a new maximum in the historical series. Only in two districts of the 16 that make up the Aragonese capital did prices rise more than inflation. They are Arrabal – Barrio Jesus (9.2 euros/m2) and Las Fuentes (8.9 euros/m2), with increases of 13.5% and 11%, respectively.
The most expensive districts of the city, such as the Historic Center (9.4 euros/m2), Centro (9.3 euros/m2) and the San Francisco University (9.2 euros/m2) are still not at their maximum and they had more moderate increases than the CPI for August with increases of 6.1%, 4.8% and 6.7%, respectively.
Finally, we are talking about Madrid (16.1 euros/m2/month). rents in the capital rose 10.1% year-on-year in August, in line with inflation, and still they are 4.2% below their maximum in the historical series.
Despite the fact that Madrid has not reached its ceiling yet, the districts of Chamartín (16.7 euros/m2) and Moncloa (15.6 euros/m2) did reach new highs after registering increases of 11.1% and 7.7% . But greater were the increases in Usera (13.1 euros/m2), with 17.6% year-on-year; in the Centro district (18.9 euros/m2), 14.5%; or in Salamanca (19.4 euros/m2), the most expensive in the capital and practically reaches a new record after rising 14.3%.
Retiro (16.3 euros/m2), Tetuán (16 euros/m2), Latina (12.7 euros/m2), Arganzuela (15.7 euros/m2) or Chamberí ( 18 euros/m2).
The most affordable districts of the capital also rose and leave average rents in the market offer such as those of Vicálvaro (11.1 euros/m2), Villaverde (11.4 euros/m2), Moratalaz or Villa de Vallecas (11, 7 euros/m2)
