The rental price in Spain does not stop rising and has increased another 1.7% during the month of February, reaching 12.6 euros per square meter. It represents the highest rental price in the historical series, it is extracted from the latest report carried out by idealista. According to data from the real estate portal, in the last quarter, the rental price has increased by 5.5%, while in the last year there was an increase of 11.9%.
By capital, 32 have experienced rent increases over the last month, with Melilla recording the largest increase, as rents rose 5.4%. It is closely followed by Pontevedra (3.3%), Jaén (2.4%), Madrid (2.3%) and Las Palmas de Gran Canaria (2.2%). From Idealista they highlight that Segovia is the capital in which rents decreased the most during the last month (-2.2%), followed by Ciudad Real (-1.9%), Vitoria (-1.5%), Tarragona and Logroño (-1.4% in both cases).
Similarly, Idealista has indicated that the behavior of incomes in the main cities has been “shooting”, representing increases in Madrid (+2.3%), Seville (1.4%), Alicante (0.9%) , San Sebastián (0.7%) and Málaga (0.1%). On the other hand, the portal has pointed out that the decreases in rental prices occurred in Palma (-1%) and Valencia (-0.8%), while in Barcelona and Bilbao rents have remained unchanged in the last month , according to idealista data.
Barcelona, Madrid and San Sebastián, the most expensive capitals
Idealista highlights that Barcelona continues to be the capital with the most expensive rents, with an average price of 20.8 euros per square meter, followed by Madrid (18.7 euros), San Sebastián (17.3 euros), Palma (15. 5 euros), Bilbao (13.8 euros) and Málaga (13.7 euros). By province, the rental price has increased by 40 compared to that registered in the previous month. According to idealista, the largest increases were recorded in Cantabria (4.7%), Huelva (4.1%), Cuenca and Soria (4% in both provinces).
On the opposite side, the provinces in which the real estate portal has detected greater decreases are Huesca (-2.3%), Álava (-1.8%), Segovia (-1.6%) and Lleida (-1. 2%). By autonomous community, according to data from Idealista, rents have increased in 16 regions during the last month, with the exception of Aragon (-0.2%). In this way, Cantabria leads the increases, with an increase of 4.7%, followed by the Community of Madrid (2%), Galicia (2%), the Balearic Islands (1.8%), the Canary Islands (1.5%) and Andalusia (1.3%). .
In this sense, the real estate portal has highlighted that the Community of Madrid and the Balearic Islands are the communities with the highest price, reaching 16.8 euros and 16.5 euros per square meter, respectively; followed by Catalonia (16.4 euros), Euskadi (13.4 euros) and the Canary Islands (13.2 euros). On the contrary, according to data from Idealista, Extremadura and Castilla-La Mancha are the most economical communities, reaching 6.5 euros and 6.8 euros per square meter, respectively.
