He price of housing for rent in Spain it rose 6% in the first quarter compared to the previous quarter and has risen 7% year-on-year, reaching its price at 12.36 euros per square meter per monthaccording to data from the Real Estate Index photo house.
The Director of Studies and spokesperson for Fotocasa, María Matos, has indicated that the rental price sets a new “historic high” again at the national level, and added that this situation is “alarming” because it continues “rising strongly with no view of moderating.”
Matos has explained that the increases in housing prices are due to transfer of residential leases to seasonal rentals or rooms.
Madrid and the Balearic Islands lead in year-on-year increases
By autonomous communities, 16 communities register quarterly increases and 17 have year-on-year increases. photo house has highlighted that ten communities have exceeded their maximum prices, especially in Madridwith 18.32 euros per square meter per month; Balearics (17.54 euros), Catalonia (16.49 euros), the Basque Country (15.35 euros), the Canary Islands (13.45 euros) and Valencia (11.93 euros), among others.
The largest quarterly increases have occurred in Castilla la Mancha (10,7%), The Rioja (8.9%), Murcia (7.9%), Madrid (5.4%), Navarra (5.2%), Canary Islands (5.2%), Galicia (4.8%), Balearic Islands (3 .8%), Andalusia (3.8%), Extremadura (3.7%), Asturias (3.6%), Catalonia (3.4%), Cantabria (3.1%), Valencian Community (2. 8%), Aragón (2.8%) and Castilla y León (2.2%), according to data from the real estate portal.
By provinces, 37 cities register quarterly increases and 43 year-on-year. photo house Three provinces stood out with quarterly increases: Cáceres (11.8%), La Rioja (8.9%) and A Coruña (8.6%).
On the other side of the table, ten provinces have presented quarterly decreases, as is the case of Alava (-8,4%), Jaen (-5,0%), Palencia (-4,4%), Ourense (-4.2%), Guadalajara (-3.8%), León (-2.4%), Badajoz (-0.9%), Teruel (-0.8%), Lugo (-0.3 %) and Bizkaia (-0.1%).
Regarding the ranking of prices by provinces, Barcelona lead with 18,42 euros per square meter per month, is followed by Madrid (18.42 euros), Gipuzkoa (18.00 euros) and the Balearic Islands (17.54 euros).