The average rental price in Spain reaches 674 euros per month. This high figure, which contrasts with national salaries, has put on the table on several occasions the rent regulation, one of the main points of friction within the coalition government of the PSOE and United We Can.
Last Tuesday, October 5, during a visit to Seville, the president of the Central Executive, Pedro Sanchez, announced that, within the framework of the negotiation of the next general budgets, a new housing law had been agreed that, among other measures, will include the regulation of the rental price of large owners, will impose a surcharge on empty flats and will launch a aid for young people worth 250 euros per month, with the aim of encouraging their emancipation before the age of 35.
According to Eurostat figures, Spain is a country of owners. Only him 24% of the homes in our country are for rent or transfer, compared to 30.2% in the European Union. However, in recent years the number of people choosing to rent and not buy has increased considerably. As reflected in the Survey of living conditions of the National Institute of Statistics, the rented have gone from 13.9% in 2004 to 18.1 in 2019.
In addition, according to OCD data (2018), Spanish households allocate one in four euros who enter to pay the rent. However, in households with fewer resources, the percentage of income that is used to pay rent can skyrocket to close to 40%.
And where is it more expensive and cheaper to rent a home in Spain?
Our country is a state of great contrasts. There are important differences between the different autonomous communities and even between the different provinces that make up the national map. According to him Home rental index first published by the Ministry of Transport, Mobility and Urban Agency as a result of the results of the income statements for the year 2018 (also adding information from the three previous fiscal years), Madrid and Barcelona they are the provinces where it is more expensive to rent a home.
In Madrid, the average price of a rental home is around 780 euros per month, while in Barcelona it reaches 694. In Balearics the price is also high, reaching an average of 624 euros per month for rent.
However, if we focus on the average rental cost per square meter, the most expensive province is Guipúzcoa, with 11 euros per square meter, followed by Madrid, with 10.7 euros, Barcelona, with 9.6 euros, and Vizcaya, with 8.7 euros per square meter.
Castellón, with an average price of 360 euros per month, Lugo, with one of 363, Real city, of 367, and Ávila and Zamora, both with 380 euros per month, are the provinces with the lowest rents.
In which city is it more expensive to rent?
The Index prepared by the Ministry of Transport, Mobility and Urban Agenda also includes average rents in cities with more than 100,000 inhabitants. Among the ten most expensive there are six in the Community of Madrid: the city of Madrid, Alcobendas, Alcorcón, Torrejón de Ardoz, Móstoles and Alcalá de Henares.
Barcelona is the second most expensive, Badalona the seventh and Palma de Mallorca the eighth.