The price of a rented house registers the highest trimester increase in 10 years

The price of a rented house registers the highest trimester increase in 10 years

“The prices of let houses are rising strongly because demand is much gritare than supply, above all in zones with greater economic, tourist and demographic activity. Every month, we see communities like Cataluña, Madrid and the Balearics the difference between prices now and those of 2007 and 2008 getting closer and, in some cities in these zones, the price per square metre has already reached pre-crisis levels, as is the case of Barcelona,” explained Beatriz Toribio, in charge of studios at fotocasa.

Indeed, the registered increase for this first trimester of the year is the most significant so far in the records of the Índice Inmobiliario since the first trimester of 2007, when the price increase was 4.9%. Since then, the trimestral price has fallen, with a couple of isolated exceptions in 2011 and 2014.  In 2015 the trimestral price began to move upward, with respective increases of 2.8% and 1.5% in the first and second trimester, a trend which continued into 2016, with the exception of the third trimester of 2016, when the price fell -2%.

Over the year, rentals have gone up by 9,5%, the most significant ever in the records of the Índice Inmobiliario, dating from January  2006. 

 Barcelona experienced the highest rent increases, at , 15.15 €/m2 a month, followed by Eivissa (14.60 €/m2 a month), Sant Cugat del Vallès (13.41 €/m2 per month), Sitges (12.85 €/m2 a month) and Castelldefels (12.85 €/m2 a month).



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