They are the two great capitals of Spain. Where, in addition to its many tourist attractions, there are multiple cultural, leisure and, of course, work options. So it is not surprising that both Madrid and Barcelona are the most expensive cities in Spain as far as rentals are concerned. In fact, in 2016 set historic highs when renting a flat.If for this year you plan to move to Madrid or Barcelona or you live in one of these two big cities, you should know that the increase in rental prices will continue to rise following a trend that has reached record highs during the past year.
The average rental price in Spain has increased by 15.9%, leaving the square meter at 8.2 euros per month.According to a recent study by the
Idealista.com portal, the capital cities of Madrid and Catalonia are still capturing the highest rental prices in the entire geography. Barcelona and Madrid rose 16.5% in 2016 and 15.6% respectively. But watch out, Valencia, the third Spanish capital, is behind them and in fact has been the city where the rental price has grown the most during 2016 to 20.3% with 7.5 euros / m2 per month.If you look only at prices,
the city Condal is again the most expensive city to rent a flat in Spain in absolute terms with an average price of 17.9 euros / m2, followed by Madrid with 14.4 euros / m2 and In third place, San Sebastián (13.6 euros / m2). Living in Barcelona for example is more than 4 times more expensive than living in the most economical province to rent a flat, Lugo, with only 4.1 euros / m2. This is followed by Ourense and Ávila with 4.3 euros / m2 in both cases.What is striking about this study is that at no time does the increase in the rental price of the house be accompanied by the increase of available floors. But in the increase in the desire of those who are looking for a flat for rent to reside in Madrid or in Barcelona.
Where did the price of rental housing rise in 2016?Valencia, Barcelona and Madrid topped the ranking, but the increase was also notable in other cities such as Castellón (12.5%), Valladolid (11.8%), Malaga (11.4%), Santa Cruz de Tenerife %), Las Palmas (10.9%) and Albacete (10.4%). Of course, not all cities go up rents, there are but few where they go down. As is the case of Tarragona where housing under a rental system fell by 3.4%. Zamora (-3.2%) and Jaén (-1.7%) are two other examples.According to this Idealista report, by Autonomous Communities Catalunya heads the ranking. Only in 2016 rental prices rose 26.8% more. Also noteworthy were the records of Madrid (18%) and the Balearic Islands (13.8%). The lowest CCAAs are Extremadura (1.1%), Murcia (1.7%) and Castilla La Mancha (2.4%), which are also the most economical communities to rent a flat in Spain.