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.

source: realestatepress.es

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

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