Rental prices have dropped in January

February 16, 2011 at 10:17 am Leave a comment

Fotocasa, the real estate portal, has issued a new statistic regarding rental prices of homes in Spain. The average price stood at 8,01 Euros/ sqm per month. This represents a decrease of 0,6% over the December price.

Despite the nationwide decline in prices, in the major Spanish cities rental housing is starting to pick up. This is the case of Madrid, Barcelona, Valencia and Seville.

According to the data from January, in terms of monthly variation, half of the Spanish provinces are experiencing increases in the price of rental housing after months of steady decline. Thus, of the 50 provinces studied, the rent goes up or stays in 25 of them (50 percent) and falls into the other half.

The main increases in the rental price are registered in Badajoz (1.6 percent), Palencia (1.2 percent) and Soria (1.1 percent). The provinces where the rental price is down are Las Palmas (-2.7 percent), Álava (-1.4 percent) and Huesca (-1.1 percent).

Eight regions are growing or keep the price stable compared to the previous month. This is the case for Extremadura (1.3 percent), Asturias (0.5 percent), Basque Country (0.4 percent), Cantabria (0.4 percent), Galicia (0.1 percent), Castilla y León (0.1 percent), Valencia (0.0 percent) and Castilla-La Mancha (0.0 percent). The remaining nine communities recorded decreases in the average price of housing for rent ranging from -0.1 percent Community Madrid to -1.6 percent reflected in the Canary Islands.



Entry filed under: Housing, News, Real estate. Tags: , , , , , , .

Spanish economic competitiveness drops 9 places Experts: Commercial Real Estate Is the Driving Force of Real Estate in 2011

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed

Like us on Facebook!

Share this page on Tuenti

Kinos Group


Kinos Group on LinkedIn

International Property Listings

Videos of our properties

%d bloggers like this: