Rental market

More than 60% of the supply of rooms for rent is found in the cities of Madrid, Barcelona and Valencia. The Catalan capital has the most expensive average price in Spain (550 euros per month), where Ciutat Vella (625 euros) and Sarrià-Sant Gervasi (605 euros) stand out, according to idealista data in the first quarter.

Renting rooms is becoming an increasingly common practice in Spain, especially in cities where it is too expensive to rent the entire property, as is often the case in province capitals. So, if you're looking to rent a room or if you're a landlord and you want to rent one out, you need to be aware

Rental prices keep breaking records amid a shortage of supply and an increase in demand. Among the towns with the greatest demand pressure, those on the outskirts of the major capitals continue to dominate, with Getafe and Hospitalet de Llobregat as the main examples, compared to the large cities.

The Bank of Spain has analysed the weight that tourist accommodation has in the rental stock of the 25 urban areas with the highest density of holiday homes and Marbella and Elche at the top of the ranking. In Malaga, tourist apartments represent almost 65% of the rental market in the city centre, while the Alicante town's weight is close to 70% in the peripheral area. On the other hand, in Spain as a whole they represent 10%, more than double that of Madrid or Barcelona.

Embarking on the quest for affordable apartments for rent in Spain unveils a world of opportunity for both locals and international seekers. This journey is inspired by the allure of Spain's vibrant culture, mild climate, and scenic landscapes, all accessible without straining your wallet.

The reduction in permanent rental stock in Catalonia has gained new momentum after price controls came into force due to the Housing Law on 16 March: stock falls by 13%, according to an idealista study.

The Government of the Canary Islands has presented the draft Law on Sustainable Management of the Tourist Accommodation, which will provide city councils with tools to plan and organise the tourist accommodation. The new standard establishes that 90% of the residential buildable area must be used as a permanent residence and explains why the use of accommodation can be enabled. Current properties intended as holiday homes and/or tourist accommodation must meet minimum requirements of sustainability, quality and competitiveness within a period of five years.

The lax monetary policy from central banks, printing money to no end, over the last years has led to a huge inflation spike.

Last 16 March, the Government's new reference index for capping rent and the ratio of stressed residential market areas in Catalonia (140 towns and cities) came into force. Ashurst law firm has prepared this guide to address all rent cap queries.

In recent times, irregular practices have been escalating in the rental market in Spain. Experts are detecting that some landlords are flouting the mandatory renewals to which tenants are entitled. To do this, they claim they need to recover the home, reside in it for a time and then sell or rent it at a higher price.