Alicante
The Alicante province saw rent prices rise by 2.8 percent over the latest quarter, reaching an average of 9.6 euros per square meter per month. In the city of Alicante itself, landlords are asking for 4.6 percent more for rental properties, with the average price sitting at 10.5 euros per square meter per month, compared with three months earlier. These shifts reflect a steady demand in coastal markets where renters weigh proximity to beaches, services, and employment centers against overall affordability. (Source: Idealista report, attribution to Idealista)
Valencia
Across the capital, Valencia, rental prices advanced by 4.2 percent in the most recent quarter, pushing the average price to 12.4 euros per square meter per month. This figure marks an all-time high, surpassing previous records set by market activity tracked by Idealista. In the broader Valencia province, rents rose by 4.5 percent, lifting the average to 10.7 euros per month per square meter. Once again, these numbers indicate a historic peak in the regional rental market. (Source: Idealista report, attribution to Idealista)
Kalelon
In Castellón, the rental market shows a 2.4 percent quarterly increase. The provincewide average reaches 7.5 euros per square meter each month. In Castelló de la Plana, rents climbed 2.6 percent year over year to an average of 7.3 euros per square meter per month, marking an all-time high for city rents. These trends illustrate growing demand in inland markets where affordability remains a key driver for tenants seeking value. (Source: Idealista report, attribution to Idealista)
For Idealista spokesperson Francisco Iñareta, the housing policy implemented four months ago has not achieved its primary goal of curbing rental prices. Income growth remains robust in the main markets, and more than twenty capitals have imposed maximum price limits since records began. Housing supply continues to shrink, making it harder for potential renters to secure homes. As the pool of available flats narrows, owners tend to favor options that provide stronger legal protections and certainty against non-payment. What is happening reflects warnings already voiced by market participants before the policy started. Past measures in other markets showed similar inefficacy or negative effects, yet the current approach persists without delivering the intended relief. (Source: Idealista report, attribution to Idealista)
Effects of the Housing Law
Across Spain, house rent prices rose by 0.3 percent in the last three months, with stronger increases evident in major urban centers. By the end of September 2023, the average square meter cost to rent a home in the country stood at 11.8 euros. In Barcelona, prices surged 6.6 percent over the same period, pushing the city’s average above 20 euros per square meter, a new historical peak. On an annual basis, Barcelona rents were 18.1 percent higher than the previous year. Madrid finished the third quarter with a quarterly increase of 5.1 percent, bringing the city’s rent per square meter to about 17.7 euros and marking all-time highs. Year over year, Madrid also logged a strong 10.7 percent rise. (Source: Idealista report, attribution to Idealista)
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