Madrid/Seville, Feb 13 (EFE).- The average rental price in Andalusia rose by 8.9% in January compared to the same month last year, reaching a price of 9.38 euros per square meter and representing the most pronounced of the last two years (since October 2020), according to data from the Fotocasa real estate portal.
Estepona registered the highest year-on-year increase in the price of rental housing in Andalusia, 37%.
In Spain, the average rental price in Spain rose 8.7% in January compared to the same month last year, at an all-time high, and the highest increases in the last year were registered in the Balearic Islands (21%), the Canary Islands (19.8 %), Valencian Community (16.5%), Cantabria (14.3%) and Madrid (12.9%).
They are followed by Extremadura (9.8%), Andalusia (8.7%), Galicia (8.2%), Catalonia (7.2%), Asturias (7.2%), Navarra (6.8%), Castilla y León (6.2%), Murcia (6.2%), La Rioja (4.7%), the Basque Country (3.3%) and Aragón (2.4%).
The only community in which the rental price has decreased compared to the previous year is Castilla-La Mancha, with -0.2%.
Malaga leads the national rise
By province, ten have broken records and seventeen show price increases of more than 10%, led by Malaga (27%), Alicante (21.2%), the Balearic Islands (21%) and Las Palmas (20.5%).
As for the capitals that have peaked in January, they are: Barcelona (€19.7/m2 per month), Madrid (€16.9/m2 per month), Palma de Mallorca (€14.4/m2 per month) , Málaga (€13.5/m2 per month), Valencia (€12.6/m2 per month), Las Palmas de Gran Canaria (€12.3/m2 per month), Seville (€11.1/m2 per month), Santander (€10.1/m2 per month), La Coruña (€9.5/m2 per month), Burgos (€8.5/m2 per month), Almería (€8.3/m2 per month ) and Zamora (€6.2/m2 per month).
For the director of Studies and spokesperson for Fotocasa, María Matos, the “drastic” reduction in the housing supply, as a result of the “rage to sell”, the return of tourist homes to the holiday market and the rejection of the owners to Market regulation explains a situation that, in his opinion, “is becoming more and more complicated, especially for the most vulnerable groups who cannot access housing.”
In addition, he has warned that the frustrated purchase demand due to the rise in interest rates will be directed to the rental market, which will put more pressure on the scarce supply and will produce “continuous price increases”. EFE