The demand for rentals grows, while the supply decreases, therefore, in this scenario, the average price of rental homes set record figures in almost all the autonomous communities at the end of 2022. In four of them, this data Historically, an increase of more than 14% year-on-year emerged, according to data from the latest Idealista real estate report.
The rent rose in all the autonomous communities and, except in Asturias, Cantabria, Galicia, the Valencian Community and Madrid, all closed the year with the highest prices in the historical series of the real estate portal, which records the cost of rentals since 2007 .
According to data from Idealista, the Valencian Community was the one in which rents increased the most (15.8%), followed by Catalonia (14.7%), the Balearic Islands (14.5%), the Canary Islands (14.2%), and Andalusia. (9.8%) and Madrid (9.7%).
Also 23 cities closed in 2022 with the highest rental prices since there are records and they only fell in Palencia (4%), Córdoba (0.3%) and Zamora (0.1%). The city in which rents became more expensive was Barcelona (25.7%), followed by Alicante (23.4%), Valencia (20.9%), Malaga (20.7%), Gerona (19.2%), %) %), Orense (15.9%), Teruel (13.8%), Palma (11.9%), Jaén (11.4%) and Madrid (11.2%).
Price by communities
By autonomous community, in Andalusia the rent became more expensive by 9.8% in 2022 and in the month of December the historical record was broken in the price per square meter (9.6 euros per square meter). The province of Malaga stands out, where prices rose 21.4% in 2022, while in the capital the rent rose 20.7%.
In Aragon, rents increased by 4.4% in 2022 and, in July, the price per square meter reached its all-time high (€8.3/m2). In the capital Teruel the rent increased by 13.8% and, in the province, by 10.5%. Asturias moves in similar figures, where the rental price of the rental rose by 4.9% in 2022 compared to 2021. In Oviedo, in December, the maximum historical price per square meter shot up (8.2 €/m2) and rental prices increased 6%.
The Balearic Islands was the third autonomous community in which the rental price increased the most, so that renting a home in 2022 cost 14.5% more than in 2021. Both in the community (€14.0/m2) and in Palma de Mallorca (€12.9/m2) set a record for the price of rental housing.
Canarias was the fourth autonomous community that experienced the greatest rise in rental housing prices (14.2%). In the province of Santa Cruz de Tenerife, renting a property was 14.2% more expensive than in 2021, and in Las Palmas, 13.5%. The price of the square meter reached the historical maximum in December in the entire community (€11.8/m2) and also in Las Palmas (€12.6/m2) and in Santa Cruz de Tenerife (€10.6/m2) .
In Cantabria, the annual variation in the price of rental housing shows that in 2022 it became more expensive by 7.7%. The price per square meter stood at €8.9/m2 and Santander registered the highest price since Idealista has records (€9.5/m2).
In all the provinces of Castilla y León the historical maximum was produced since the real estate portal registered the rental prices. The average price per square meter stood at €7.1/m2 and the cost of housing increased by 4.3% in the community. The same figure increased in Castilla-La Mancha, where the price increased in all its provinces, except in Ciudad Real. The maximum historical price of the closed square meter 2022 in (6.1 €/m2)
For its part, Catalonia was the second autonomous community that experienced the highest increase in rental prices in 2022. Renting a home last year cost 14.7% more than in 2021 and the price per square meter was 15.6 €/m2. In all the provinces, except Tarragona, the maximum historical price per square meter was reached.
The Valencian Community, leader
At the head is the Valencian Community, and it was the autonomous community that had the highest increase in rental prices in 2022 and Alicante was the second city in Spain in which they became more expensive (23.4%). Home prices increased by 15.8% in 2022 and imports per square meter stood at €9/m2.
In all the provinces of the Basque Country the maximum historical price per square meter of rental housing was reached. The average price of the community stood at €12.8/m2 and, compared to 2021, rents increased by 4.5%. The province in which the price increased the most was Álava (8%).
In Extremadura, the prices of rental properties rose by 5.7% in 2022. Both in Cáceres and Badajoz, a record price for rental housing fell and the average price per square meter stood at €5.8/m2 .
In Galicia, renting a home in 2022 cost 5.1% more than in 2021. The average price per square meter stood at €7.7/m2 and, except in the province of A Coruña, in all the others, the Last year the maximum historical price was achieved. Up to 6% rose rents in La Rioja. Both throughout the region and in Logroño there was a record price and the average cost per square meter stood at €7.2/m2 in the community.
In the Community of Madrid, renting a home in 2022 cost 9.6% more than in 2021. The average price per square meter stood at €14.9/m2 in December and, in Madrid capital, at €16.2/m2. m2. For its part, in the Region of Murcia the rent increased by 7.1% in 2022 and the amount per square meter stood at €7/m2.
Navarra was one of the communities in which the price of rental housing increased the least in 2022 (3%). The average price per square meter was €9.3/m2 in December.
lack of supply
As explained in a statement by the spokesman for Idealista, Francisco Iñareta, this general price increase in all the autonomous communities is mainly due to the lack of available supply.
“The growing force of demand is joined by a dwindling supply that cannot be replaced. The formula is simple: fewer homes and more applicants result in price tension,” says Iñareta.
