Rents Rose by 0.4% in November

December 20th, 2012

The average price of a rental home in Spain rose 0.4% in November compared with the same month last year, according to the latest data from the National Statistics Institute.

The rental increase stands 2.5 points below the overall Consumer Price Index (CPI), which stood at 2.9% in November. Month-on-month, the cost of rentals recorded no variation, and so far this year, the accumulated increase is 0.3%.

El Mundo reported that rents lowered in six regions year-on-year in November. These were Murcia (-1.9%), La Rioja (-0.7%), Navarra (-0.6%), Madrid (-0.3%), Valencia (-0.2%) and Aragón (-0.2%).

Rental prices rose most in Catalonia, with an increase of 1.3%, followed by the Basque Country, Asturias, Castilla y León and Galicia (all with an increase of 0.8%), the Balearic Islands (+0.6%), Cantabria (+0.5%), Andalucía (+0.3%) and Extremadura and the Canary Islands (both with an increase of 0.2%).

In Castilla-La Mancha rents recorded no change whatsoever. In the autonomous cities of Ceuta and Melilla, rental prices rose by 1.1% and 0.8%, respectively. By province, highlighted were the decreases in rental prices in Castellón (-1.6%) and Alicante, Guadalajara and Huelva (all with -0.6%), and the increases in Barcelona (+1.5%), and Burgos and Palencia (both with +1.4%).

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