MADRID – The price of rental properties in Spain has increased by 8.4% in the past year 2022, according to the latest report from housing portal Idealista. At the end of December 2022, renting a home in our country cost 11.40 euros per square meter, which is 2% more than at the end of the third quarter. Prices are clearly higher than a year ago. The reason for the price increase of rental properties in Spain is the lack of available supply. The growing demand is accompanied by a dwindling supply that cannot be replenished. Fewer homes and more applicants lead to this price pressure, the International real estate agency reports Casalunya.
Barcelona is the capital where rents have risen the most in the last 12 months, with an increase of 25.7%. With increases of more than 20% are Alicante (23.4%), Valencia (20.9%) and Malaga (20.7%). They are followed by increases in Girona (19.2%), Ourense (15.9%), Teruel (13.8%), Palma (11.9%), Jaén (11.4%) and Madrid (11. 2%). The only three decreases were registered in Palencia (-4%), Córdoba (-0.3%) and Zamora (-0.1%).
Barcelona is the most expensive capital to rent a home at 19.3 euros/m2, followed by San Sebastian (16.3 euros/m2) and Madrid (16.2 euros/m2). In fourth place is Bilbao (13.3 euros/m2) and fifth place is Palma (12.9 euros/m2). At the bottom of the table are Zamora (5.6 euros/m2), Ciudad Real (6.1 euros/m2), Ávila and Lugo (6.2 euros/m2 respectively), Cáceres (6.3 euros/m2) and Palencia ( 6.4 euros/m2).
Investing in real estate in Spain
With the rising rental prices, it is an extra good idea to make your investment in real estate in Spain now. Are you looking for an investment property or home in Catalonia? Real estate agency Casalunya can help further. Have you found an apartment or house and do you want to be 100% sure that everything is correct from a technical and legal point of view? Then call in this real estate agency for purchase guidance. They have already helped many Dutch and Belgian homeowners to make a safe purchase in Spain.
Casalunya is the full service real estate agency specialized in the sale of unique homes in the higher segment. From the ancient Roman coastal city of Tarragona sells Casalunya the most exclusive villas in the most beautiful places on the Costa Dorada. go to for more information Casalunya.nl.
