The rental rate in Spain increased by 1.4% per month to close last May at 11.6 euros/m2. The price has remained 9.4% over the past year, compared to a 3.6% increase over the last quarter. In HomeSearch Barcelona we analyze this data.
Comparing current rents with those of a year ago, the main cities register increases.
Home rental costs have increased in 35 cities over the past month.
The main cities in the country experienced rent increases compared to a year ago: Palma (2.3%), Malaga (21.4%), Alicante (21.3%), Valencia (20.2%), Barcelona ( 16.6%), Madrid (11%), San Sebastián (8.3%), Seville (7.5%) and Bilbao (35%).
With a rate of 18.6 euros/m2, Barcelona continues to be the city with the highest rent, followed by Madrid (16.6 euros/m2) and San Sebastián (15.8 euros/m2). Palma (14.3 euros/m2), Bilbao (13.1 euros/m2) and Malaga (12.4 euros/m2) are the next three cities.
The most expensive provinces are Guipúzcoa, the Balearic Islands and Barcelona. However, in almost all of Spain during the last month the rent has risen.
Above the Community of Madrid (15 points/m2), the Balearic Islands have the highest price per square meter. They are followed by Catalonia (14.9% euros per square meter) and Euskadi (12.6% euros per square meter). Extremadura (6.01 euros/m2) and Castilla-La Mancha (6.04 euros/m2), the two least expensive communities.
