Average price per square meter for rent There was a 3.4% increase in the Valencian Community in the last quarteruntil it reaches 10 euros. The cost for a 100 square meter flat reaches a thousand euros. The price reached its maximum in August and has fallen by 0.7 percent since then. According to the report published by Idealista today, monthly revenue increased by 15.9% compared to September last year.
Alicante
The province of Alicante saw its prices increase by 2.8% quarterly. up to 9.6 euros per square meter per month. In the capital, Alicante owners demand 4.6% more to rent their homes, with an average of 10.5 euros/m2, compared to three months ago.
Valencia
The average rental price in the capital of Valencia increased by 4.2% in the last quarter. This rise left the square meter price at 12.4 euros, The highest record of all time since idealista was broken. In the province of Valencia there was also a price increase of 4.5%, until the rent per square meter reached 10.7 euros per month; This is again a historical maximum.
kalelon
The price of rental properties in the province of Castellón increased by 2.4% in the last three months. Right now, The average square meter price in the province reaches 7.5 euros/m2 per month. In Castelló de la Plana the price increased by 2.6% year on year to 7.3 euro/m2 per month; This is an all-time high for rents in the city.
For Idealista spokesman Francisco Iñareta, “Four months after the application, it is clear that the housing law has not achieved its main purpose, which is to control rental housing prices.. Incomes continue to grow strongly in the main markets and more than 20 capitals have set maximum prices since the records were recorded. Supply continues to decline and potential tenants are finding it increasingly difficult to access rental housing; This situation becomes even more acute for the most disadvantaged families and groups. There are fewer flats available and more people looking, so property owners always choose the one that offers them more legal security and protection against non-payment. In reality, this is not something that was not known in advance and that market players did not warn about in advance. “Measures have been validly taken in the past that were already deemed ineffective or negative in other markets where they were implemented.”
Effects of the Housing Law
HE House rental prices in Spain increased by 0.3% in the last 3 months, however, strong price increases were recorded in all major markets. As of the end of September 2023, the square meter cost of renting a house in our country was 11.8 euros. in the city Barcelona prices increased by 6.6% in the last 3 months. Square meters reached 20 euros/m2; This is a figure that marks a new historical maximum in the city. On an annual basis, prices in the city are 18.1% more expensive than a year ago. Madrid finished the third quarter with a 5.1% quarterly increase in residential rental pricesThe price per square meter in the capital reaches 17.7 euros, which puts the city at the highest levels in history. Interannual growth was 10.7 percent.