New York City voted last week to raise rent prices for more than one million homes under the umbrella of the Rent Stabilized programme, in which tenants are protected from huge increases and can renew their leases for one or two years.
Madrid and Andalusia are the autonomous regions that account for 53% of the holiday rental scams in Spain, according to data from the Ministry of the Interior.
Although many Spaniards believe that a law regulating the right to housing is needed, they also think that many rental properties could be withdrawn due to the new Housing Law (51%). On the other hand, some believe that the social and affordable rental market is less likely to be increased (44%).
Spain's rental housing supply has fallen by 5% during the first quarter of 2023, compared to the same quarter last year, according to a study published by idealista, the southern European real estate marketplace. Despite the drop flattening out, the volume of rental housing on offer is at its l
The most affordable town in Spain for renting a property is in the province of Jaen. More specifically, Baeza is the town with the most affordable square metre, as landlords ask for an average of €4.30/m2 per month, according to a study by idealista, the real estate marketplace in southern
In Spain, 40.9% of tenants are financially overexposed to rental costs, meaning that they spend more than 40% of their income on paying rent, according to Eurostat's 2021 data, included in the 2022 Housing and Land Observatory, prepared by the Ministry of Transport, Mobility and the Urban Agenda (Mi
With the start of 2023, many real estate market agents agree that a change of cycle has begun in the market that is linked to the macroeconomic situation caused by the war, inflation and the rising cost of living and financing.
The Regional Government in Madrid has given the go-ahead to the Central Government's 250 euro monthly rental subsidy for young people under the age of 35 who rent a property or a room in the region.
As we predicted in our previous article (Spanish Government introduces inflation control in long term rentals – 11th April 2022), because of Spain’s high inflation, the government would continue to ‘chain’ (by this we mean renew every 3 months) the 2% inflation cap on long term rentals.
Spain’s Nat
Milan is the southern European city that requires the greatest effort to rent a property: in the great Italian economic hub, families must spend 42.6% of their income on rent, according to a study by idealista, which crosses rental prices in March 2021 and estimated* household incomes.
How much is rent in Spain? The good news for those who are planning to rent property in Spain in 2021, a great alternative if you're not ready to buy, is that the price of housing rental in Spain has fallen by 3.8% during the 12 months of the pandemic, according to a report published by idealista.
The rise in the cost of renting in Spain is worrying not only politicians, but also the private sector. Faced with a lack of supply in some Spanish cities and an increase in demand, rental prices have risen faster than wages.
The centre-left PSOE party has won the Spanish general election with 123 seats. If they combine with the far-left Unidas Podemos (42), they will have 165 seats in parliament but won’t reach an absolute majority (176), so they will need the support of other parties to govern.
Yes, you read that right – you can actually rent an island in Spain. Of course, for island rentals, the price isn’t exactly within the reach of ordinary mortals: it costs 20,000 euro per night to rent this Spanish island.
The rate of growth of the price of rented housing softened in Spain in 2018 and ended the year with an increase of 9.3%, leaving the average rental price per square metre at 10.60 euro per month, which is 98 cents per square foot per month.
The price of rented housing in Spain fell by 1.3% during the third quarter of 2018, making the current average price per square metre 10.60 euro per month, which is 0.98 euro per square foot, according to the report on the development of rental prices published by idealista.
Nope, it’s not in New York and it’s not London… the coolest neighbourhood in the world is in Madrid and is one of the most traditional and famous in the capital: Lavapiés-Embajadores.
This is the conclusion reached by 'Time Out' magazine, which has published a ranking of the 50 best neighbourhoods
The cost of renting property has increased by 8.8% in the first quarter of 2018, to 10.60 euro/m2 (1 euro/sq ft) per month. According to the report on rental prices published by idealista, all the autonomous regions in Spain recorded increases between January and March.
The state of the rental market shows two markedly different Spains. According to research by idealista, rental prices in 11 Spanish provincial capitals are more than they were at the height of the property boom, with Madrid, Barcelona, Malaga and the islands increasing more than 10%.
Are you paying a fair price for your home in the sun, or is the owner being overly optimistic with the asking price? Try using these 5 parameters to find out…
1.
As you might have expected, life in Spain is very cheap. Even so, it is important to spend some time analysing the cost of living before you decide to buy a property in Spain, whether you plan to live there or just want to buy a holiday home.