Cost of Renting in Spain Rises Again

November 16th, 2012

According to recent data from the National Statistics Institute, the average price of renting a home in Spain grew by 0.4% during the month of October, compared with the same month of 2011.

The rentals increase stands over three points below the overall CPI, which stood at 3.5% in October. Month-on-month, the cost of leasing registered a slight increase of one-tenth.

By region, year-on-year, rents lowered in seven areas in October. These were Murcia (-1.7%), La Rioja (-0.8%), Navarra (-0.6%), Madrid, Valencia and Aragon (all with -0.2%) and Castilla La Mancha (-0.1%).

Rentals rose most in Catalonia, with an increase of 1.3%, followed by the Basque Country (0.9%), Asturias, Castilla y León and Galicia (all with an increase of 0.8%), the Balearic Islands (0.7%), Cantabria (0.5%), followed by Andalucía (0.4%) and Extremadura (0.2%). The rental prices in the Canary Islands registered no change.

El Mundo also reported that decreases in rental prices for specific provinces, most notably in Segovia (-0.6%) and Almeria and Badajoz (all with decreases of -0.3%). On the other end of the scale, an increase of 0.7% was registered in Granada.

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Comments

  1. 16/11/12 11:01   Renzo

    You mention Valencia as a region with lowered rents year-on year twice but with different figures.

    “By region, year-on-year, rents lowered in seven in October. These were Murcia (-1.7%), La Rioja (-0.8%), Navarra (-0.6%), Valencia (-0.3%) and Madrid, Valencia and Aragon (all with -0.2%).”

    So which region is missing and what is the correct figure for Valencia?


  2. 16/11/12 14:08   Admin

    Thank you Renzo, the article has been updated accordingly.


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