Where has rent become cheaper and more expensive in Spain in 2021?

Annual changes in Spanish rent price trends
The price of rented housing in Spain has fallen by 6.7% in the last year to an average of 10.7 euros/m2, although in August it has fallen less. Six autonomous communities, 17 capitals and 11 provinces have become cheaper than the rest in Spain.

In which autonomous regions, capitals and provinces rent has become cheaper this year? The month of August closed with a 6.7% year-on-year fall in the price of rent in Spain to 10.7 euros/m2, according to the latest price report published by idealista. In the last 30 days, on the other hand, the price has fallen less, onlu by 0.3%.
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Autonomous regions

Average rental price in Spain (per square meter)
Average rental price in Spain (per square meter)
The average rental price of housing has fallen in six autonomous regions in the last year, with Catalonia (-8.2%), the Community of Madrid (-8.1%) and the Balearic Islands (-4.7%) leading the falls, followed by Andalusia (-1.9%), the Valencian Community (-0.8%) and the Basque Country (-0.3%).

Rents for rental housing rose, on the other hand, in Cantabria (7%), Castilla-La Mancha (5.3%), Navarra (4.9%) and Extremadura (4.5%). Below 3% are the rises in Galicia (2.6%). Asturias (2.5%), Region of Murcia (2.1%), Castile and Leon (1.9%), La Rioja (1.6%), the Canary Islands (0.8%) and Aragon (0.4%).

The Community of Madrid (13.8 euros/m2) is the most expensive region, followed by Catalonia (13.4 euros/m2). They are followed by the Basque Country (12.1 euros/m2) and the Balearic Islands (11.9 euros/m2). On the opposite side of the table, Extremadura (5.6 euros/m2) and Castilla-La Mancha (5.9 euros/m2) are the cheapest regions.

Capital cities

In the last year, it has become cheaper to rent a flat in 17 capital cities, especially in Madrid and Barcelona, where cost of rent has fallen by 9.3% and 8.5% respectively. In the last month, on the other hand, the price has risen by 0.5% in Madrid and 0.2% in Barcelona. This was followed by year-on-year falls in rents in Palencia (-5%), Palma (-5%), Malaga (-4.6%), Bilbao (-2.3%) and Alicante (-2.3%).

Huesca is the capital city where rents have risen the most over the last year (8.1%), followed by Soria (8%), Zamora (7%), Albacete (6.7%), Melilla (5.4%), Vitoria (4.2%) and Almería (4%).

For the first time, the cities with the most expensive rents (Barcelona, San Sebastian and Madrid) share a monthly price of 14.6 euros/m2. Next comes Bilbao, with 12.1 euros/m2, Palma (11 euros/m2) and Vitoria (10.1 euros/m2). Ciudad Real, on the other hand, is the cheapest capital city in Spain with 5.5 euros/m2, followed by Cáceres (5.5 euros/m2) and Cuenca (5.6 euros/m2).


Annual change in rental prices in Spain
Annual change in rental prices in Spain
Prices only fell in 11 provinces compared to those recorded a year ago. The largest falls were witnessed in the provinces of Barcelona (-8.2%), Madrid (-8.1%), the Balearic Islands (-4.7%), Seville (-1.9%) and Malaga (-1.3%). The highest rises in rents over the last year were recorded in the provinces of Cuenca (10.6%), Ávila (7.1%), Cantabria (7%), Segovia (6.3%) and Huesca (6.3%).

Barcelona (13.9 euros/m2) is the most expensive province, slightly ahead of Madrid with 13.8 euros/m2 and Guipúzcoa 13.7 euros/m2. Jaén and Cuenca, on the other hand, are the cheapest provinces (5.1 euros/m2 in both cases), followed by Ciudad Real and Cáceres (5.2 euros/m2 both).

Source: https://www.expansion.com/inmobiliario/viviendas/2021/09/01/612f4cd9468aeb93158b462b.html
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