Spanish Rental Prices In Biggest Drop Since 2013

Spanish Rental Prices In Biggest Drop Since 2013.

The cost of renting a flat or house in Spain has fallen by 6 per cent in the past 12 months, the biggest drop since 2013. Prices however increased by 5.6 per cent in Granada and by 5.1 per cent in Almeria.

IN Barcelona, prices dropped by 17.8 per cent and in Madrid by 13.4 per cent.

At the end of May the average Spanish rental property cost €10.7 per square metre, according to the latest price report published by Idealista.

In the past year, 23 capital cities have seen a decrease in the price of rental properties. It is most pronounced in Barcelona and Madrid but prices in Palma have dropped by Palma by -11.6 per cent; Sevilla by -9.1 per cent; Malaga by -8.2 per cent; Valencia by -7.9 per cent; Alicante by -5.4 per cent; and Las Palmas de Gran Canaria by -5.3 per cent.

Prices however increased by 5.6 per cent in Granada and by 5.1 per cent in Almeria. Overall, prices dropped in Andalucia by 0.3 per cent.

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Written by

Deirdre Tynan

Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.


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