The price of housing for rent increases by 1.7% in January

Posted by on Feb 25, 2017 in News

  • Fotocasa house price
  • On a year-on-year basis, the price increased by 7.9%
  • The average rental price in January is € 7.61 / m2 per month
  • The price rises in 10 autonomous communities at monthly level and 15 at the interannual level
  • Barcelona is the most expensive municipality to rent a house in January
  • All districts of Madrid and Barcelona rise year-on-year

The average price of housing for rent in Spain increased by 1.7% in January and stands at € 7.61 / m2 per month, according to the latest data from the real estate portal fotocasa . This monthly increase in the price of rental housing is the most marked in the history of the Real Estate Index since December 2007, when the price rose 1.8% over the previous month.

In addition, the rental price increases was 7.9% year on year compared to January 2016 and is the most marked increase has registered the historical the Real Estate Index since he began his analysis 10 years ago.

In January 2017 the rental price is increased in 10 autonomous communities at monthly level and 15 at the inter-annual level.

“The rental market is experiencing strong price tensions as a result of the greater pressure of demand, since despite the reopening of the credit line by banks many Spaniards can not access it and that Are forced to take refuge in the rent as the only way to access a home.This pressure becomes much more evident in large cities such as Madrid and Barcelona where tourist floors and high rent yields explain that in many districts prices are rising at a rate of more than 15%.  . Since reaching the maximum price in May 2007 (€ 10.12 / m2 per month) the price of housing has accumulated a fall of -24.8%. In this sense, four autonomous communities fall more than -30% since reaching the maximum price five years ago. Thus, Aragón is the community that has seen the lowest rent (-38.6%), followed by Castilla-La Mancha (-35%), Cantabria (-33.7%) and La Rioja (-31, 3%).

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