The demand for rental housing drops 36% in a year, according to fotocasa

The demand for rental housing drops 36% in a year, according to fotocasa


Thus, while in 2017 there were 14% of people over 18 who had rented or wanted to rent a house, in 2018 that percentage is of 9%. This is the main conclusion of the study "X-ray of the housing market 2017-2018" carried out by the fotocasa real estate portal with the aim of measure and analyze the situation of the real estate market in the last year.

The reason for this drop in rental demand is mainly explained by the fact that there is less proportion of young people between 18 and 34 years active in the rental market on the demand side than in 2017. "This report reflects that the strong price increases in rents have had a negative effect mainly in young people, significantly reducing their demand and, not least, their vision of this way of life. It can be seen that in comparison with the previous year, the purchase option is stronger than the rental option, particularly in the 25 to 34 year old segment," explains Beatriz Toribio, director of Studies and Public Affairs of fotocasa.

In addition, it is observed that in almost all age ranges there is a lower proportion of aspiring tenants than the previous year. Instead, in the age group of 25 to 34 years this year there is a rise of three points among those who have bought a house: it goes from 6% in 2017 to 9% in 2018.

On the other hand, on the side of the supply of flats for rent there are no significant variations compared to last year.

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