In the province of Alicante, residential rents eased at the beginning of 2023, falling by 1.3% in the first two months, leaving the cost per square meter at an average of 9.71 euros. Despite this slight decrease, the price remains 20.3% more expensive than just a year ago as it is from Alicante. the third national region where prices have increased the most from year to year, It is behind only 26% of the Balearic Islands and 22.8% of Malaga.
Fotocasa real estate index published February rental prices. In the case of the Community of Valencia, they remained the same compared to the previous month and increased by 14.3% in their inter-year variations, priced at €10.30/m2.
When the prices are compared to a year ago, Increasing in 15 communities. In addition, five were in double digits, notably in the Balearic Islands (26%), the Canary Islands (17.4%), the Commonwealth of Valencia (14.3%), Madrid (12.8%) and Cantabria (12.1%). exceeds the numbers. This is followed by Catalonia (9.2%), Andalusia (8.8%), Extremadura (8.6%), Galicia (8.1%), Navarra (7.1%), Castilla y Leon (6.9%). , Basque Country (6.1%), Asturias (5.8%), Castilla-La Mancha (5.2%) and Murcia Region (4.4%). On the other hand, the two communities that decreased compared to the previous year were La Rioja with -2.4% and Aragón with -0.3%.
In February 2023, eight communities exceed the maximum rental prices per square meter per month. The regions of Spain with the highest prices in the entire historical series are: Madrid (€15.90/m2 per month), Catalonia (€15.50/m2 per month), Balearic Islands (€15.03/m2 per month), Basque Country ( €14.11/m2/month), Canary Islands (€11.65/m2/month), Andalusia (€9.50/m2/month) and Galicia (€8.17/m2/month), Castilla y León (8.03 €/m2/month) .
Regarding the ranking of the autonomous communities where the prices for renting a house in Spain are the most chaoticMadrid and Catalonia are at the top with €15.90/m2 per month and €15.50/m2 per month, respectively. These are followed by six more communities with prices above 10.00 €/m2 per month, Balearic Islands with 15.03 €/m2 per month, Basque Country with 14.11 €/m2 per month, 11.65 €/m2 per month Canary Islands. Cantabria at 10.65 €/m2 per month, Navarra at 10.54 €/m2 per month and Valencian Community with 10.30 €/m2 per month. The region with the cheapest square meter is Extremadura with 6.19 euros.
provinces
All provinces of the Community of Valencia increase the annual rental price in February 2022. According to Fotocasa real estate index, there is an increase of more than 10% in two provinces. The order of the increases between provinces is Alicante. (20.3%), Valencia (15.5%) and Castellón (1.3%). Regarding the prices of the three provinces, the ranking is Valencia with 11.25 €/m2 per month, Alicante with 9.71 €/m2 per month and Castellón with 7.15 €/m2 per month. But in the case of Alicante, the current price is lower than 9.82 euros closing 2022.
municipalities
Rental housing prices in all municipalities examined increased compared to the previous year. The city of Gandía was the city that accumulated the most increase in February with 33.7%. These are followed by provinces with an increase of more than 20 percent in a year. Benidorm (29.5%), Torrevieja (26.7%)Valencia capital city (22.7%) and Alicante (21.8%).
Regarding the price per square meter in February, six of the 15 municipalities analyzed exceeded €10/m2 per month, including the Valencian capital (€12.68/m2/month), Benidorm (€12.46/m2/month), El Campello (11.19 €/m2 per month), Dénia (10.85 €/m2 per month), Alicante (10.83 €/m2 per month) and Santa Pola (10.22 €/m2 per month). On the other hand, the municipality with the cheapest rental price is Vila-real with 5.60 euros per square meter.