After analyzing the price behavior in the housing rental market in the nine main Spanish cities, the real estate consultancy CBRE concludes that Málaga and Valencia lead the increases in rental prices. Málaga leads the growth, where in some areas the increase is 99% since 2021, but its analysis establishes that in Cap i Casal rents do not drop below 1,100 euros in any of the areas analyzed.
The cheapest, and which, however, have registered considerable increases in prices compared to 2021, are those of Poblats Marítims (1,171 euros) and Camins al Grau, with 1,189 euros, with increases of 65% and 73%, respectively. At the opposite extreme are the districts of Sant Francesc (1,408 euros) and L’Eixample (1,404 euros), which represent increases of 77% and 68% in each area. The CBRE report also reveals how in 2022 rents in these areas did not reach 1,000 euros.
The consultancy has analyzed the average rental price of single-family and multi-family homes of between 60 and 90 square meters located in the different districts of the center of Valencia, but also Madrid, Barcelona, ??Bilbao, Zaragoza, Alicante, Palma de Mallorca, Seville and Malaga. In Alicante, for example, the firm points out that average rents are around 1,000 euros in the areas reviewed, while a year ago they did not reach 800 euros.
For Pablo Carnicero, senior director of the Valuations and Appraisals area at CBRE, “the evolution of rentals in the areas analyzed shows an upward trend in prices, fundamentally due to the transfer of demand from purchase to rental, which has intensified the rental demand, and other factors that are limiting supply such as price control policies and the change in rental trends from long-term to short-term rentals.” A scenario that Valencian real estate agencies have also been pointing out and that has already highlighted table the latest analysis by the UPV Housing Observatory Chair, noting that there has been an increase in temporary rentals in recent quarters in the market as an “alternative” to the effects of the Housing Law by the flat owners.
The analysis by the UPV Housing Observatory Chair showed even greater growth, since in the comparison of the average residential rental price it indicated that in the second quarter of 2022 the average price was 1,214 euros and in the fourth quarter of 2023 , this was close to 1,530 euros. In their study, in the last quarter of last year, the rental value has increased by 27% compared to the same period a year earlier.
The XXXVIII Report on the housing market also spoke about the increase in rental prices this week, a study prepared every six months by the Tecnocasa Group and the Pompeu Fabra University (UPF), which recognizes how the stabilization of the sales price is opposed by growth. that of rent, which increases at a greater rate in 2023. Their study indicates that the increase is 5.45% at the national level, with significant increases in the cities of Barcelona (9.7%), Madrid (7.82% ), Seville (8.04%) and Valencia (7.84%).
