Rental prices in Spain increased: up 3.4% in April

The price of rental housing in Spain increased by 3.4% in the month of April and increased by 4.7% compared to the same month last year. at an average price of 10.89 euros According to the data of the real estate portal Fotocasa, per square metre.

Annual growth of 4.7% puts rental prices in April very close to Max value of housing, registered in April 2020 (11.02 Euro per square metre).

“This sharp rise in rental prices reflects new trend of the value of the house”, explained Maria Matos, the director of the study and spokesperson for Fotocasa. “April marks a turning point in the historical development of cost Rent,” he said.

The reasons for this increase are: inflation or shortage in supply. «This aspect makes access to housing even more difficult, as there are more and more short stock And they offer higher prices”, Matos pointed out.

Fare 16 CC.AA . grows in

Rental price over the previous year, by communities it has grown In 16 autonomous communities, it even reached double digits in four of them.

First, it holds Valencian Community, where the rental price increased by 15.6%. They are followed by Murcia (12.3%), Cantabria (11.4%), Extremadura (10.3%) and Castilla-La Mancha (9.9%).

In regards to ranking the most expensive communities to rent a home, Catalonia and Madrid They are leading with an average price of 14.60 and 14.55 euros per square meter. It is followed by the Basque Country (13.53 Euros), the Balearic Islands (12.25 Euros), the Canary Islands (10.02 Euros) and Cantabria (9.89 Euros).

Price hike in 93% of provinces

in 40 of 43 provinces Analyzed, the rental price has increased as compared to April 2021. In 11 of these, the price rose to double digits, highlighting the province of Huelva, where it rose. 41% year-on-year,

The provinces that have seen the most growth, other than Huelva, lugo (18.7%), Segovia (17.7%), Málaga (17.2%), Alicante (15.5%), Girona (13.9%) or Badajoz (13.5%).

In terms of prices, Guipúzcoa is most expensive province (15.65 euros per square meter). They are followed by Barcelona (15.56 euros), Madrid (14.55 euros), Vizcaya (13.09 euros) and the Balearic Islands (12.25 euros).

Finally, the rental price has gone up in 38 provincial capitals, 11 of them add up to two digits. The city of Alicante recorded the biggest year-on-year growth of 21.7%. They are followed by Segovia (19.5%), Barcelona (18%) and Málaga (15%).

The cities with the most expensive rents in April were Barcelona (18.00 euros), San Sebastian (16.68 euros) and Madrid (15.70 euros).