The price of housing rental does not give up. Rents rose 5.89% year-on-year, until closing the month of July with an average price of 10.24 euros/m2, according to the monthly rental price report prepared by pisos.com. “Supply is scarce and the apartments are rented out in a matter of days, and this taking into account that the conditions required for demand are increasingly harsh and the maintenance of the homes is not as frequent as would be desirable”, says Ferran Font , Director of Pisos.com Studies.
The increases were transferred practically to the entire country. And it is that only in five provincial capitals did rental income become cheaper compared to last year. The most intense cut was that of Ourense, with a decrease of 2.93%. It was followed by the fall in Oviedo, where the rental price was 1.08% below the previous year in July. Rents in A Coruña (-0.57%), San Sebastián (-0.41%) and Bilbao (-0.14%) were adjusted by less than one percentage point.
The behavior of the other provincial capitals was very different, with 14 of them experiencing double-digit increases. In Valencia the rise reached 16.62%, placing the rental price at 10.98 euros/m2. They were followed by increases in Lugo (15.55%), Cádiz (15.11%), Alicante (14.94%) and Tarragona (13.78%).
expensive and cheap
The heads and tails in terms of rental prices are Barcelona and Zamora. Barcelona was the most expensive for tenants, 17.92 euros/m2. It was followed by Madrid, whose price closed in July at 17 euros/m2. Two Basque cities were also among the most expensive in the country in terms of rental prices. These are San Sebastián and Bilbao, which closed the seventh month of the year at 15.99 euros/m2 and 13.56 euros/m2, respectively. For their part, in Palma, tenants paid an average rent of 12.40 euros/m2.
On the contrary, Zamora was the cheapest with 5.92 euros/m2. Although already above 6 euros/m2, Among the cheapest province capitals in the country were Ourense (6.08 euros/m2), Cuenca (6.24 euros/m2), Ciudad Real (6.31 euros/m2) and Cáceres (6.39 euros/m2).
Regarding the autonomous communities, the monthly report of pisos.com revealed that The most expensive regions to rent in July 2022 were Madrid (13.59 euros/m2), the Balearic Islands (12.34 euros/m2) and Catalonia (11.66 euros/m2)while the cheapest rents were registered in Castilla y León (4.74 euros/m2), Extremadura (5.27 euros/m2) and Castilla-La Mancha (5.48 euros/m2).
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