According to the Idealista portal, the average rent in Spain reached €11.50 per m² per month in April. That is 1.7% more than the previous month, 8.9% more year on year, and an all-time high.
Rents rose in April in 35 of Spain’s 52 provincial capitals. The rise was most noticeable in León, at 5%, followed by Málaga (4.2%), Badajoz (3%), Córdoba (3%) and Cádiz (2.9%). Compared with the same period last year, the biggest rent increases were in Málaga (24.4%), Palma (21.2%), Valencia (20.6%), Barcelona (18.7%) and Madrid (10.3%). Barcelona remains the most expensive capital for renting, at €18.60 per m² per month. It is followed by Madrid (16.4), San Sebastián (15.9), Palma (14), Bilbao (13.2) and Málaga (12.4), with Madrid, San Sebastián, Palma and Málaga reaching their highest levels since Idealista began keeping records.
At provincial level Barcelona also remains in the lead (15.8), ahead of the Balearic Islands (15.2), Madrid (15) and Gipuzkoa (14.1). At the other end, Zamora (5.5), Cuenca and Ciudad Real (5.7 each) are the cheapest provinces.
Rents rose on the previous month in 39 provinces. The biggest increases were in Cantabria (7.2%), Huelva (5.4%), León (5%), the Balearic Islands (4.7%) and Santa Cruz de Tenerife (4.6%).
Among Spain’s autonomous communities, the region with the highest rents is the Balearic Islands (15.2), followed by the community of Madrid (15), Catalonia (14.8) and the Basque Country (12.6). Over the last month rents rose in 14 of the 17 autonomous communities, most strongly in Cantabria (7.2%), the Balearics (4.7%) and Extremadura (3.6%)
The data from Idealista can be considered reliable, as the study excludes atypical properties and listings with non-market prices. In addition, homes that have stayed in the database for a long time without any interaction from users are not taken into account.
