It was in the middle of last September when Ada Colau, mayor of Barcelona, declared Barcelona a stressed housing market after being approved in the municipal plenary session. In this way, and for five years, the consistory can apply all the tools of the Catalan rental price control law.
In December 2021, rental housing in Spain had an average price of 9.98 euros per square meter. They are data from piso.com, which also highlights that housing increased by 0.71% monthly; quarterly, 1.73%; semi-annually, 3.63%; and annually, 1.14%.
As far as provincial capitals are concerned, Barcelona was the most expensive for tenants: its average price was 17.45 euros per square meter. Next, Donostia-San Sebastián (16.17 euros) and Madrid (15.80 euros).
On the other side of the scale, Zamora was the cheapest: 4.99 euros per square meter. Other economic provincial capitals were Cuenca (5.83 euros) and Ciudad Real (5.89 euros).
Teruel (3.03%) led the monthly increases, while Huelva (-3.02%) was the capital that devalued the most in this period. Compared to December 2020, Lugo (21.97%) led the increases. The most striking cut was thrown by Logroño (-10.61%).
Catalonia, the one that rose the most
A characteristic of the rental market in 2021 was that it adjusted its prices. A trend that could run aground in 2022. “The The pandemic promoted the downward negotiation of rents, while a good part of the traditional demand, for example, students, returned to their parents’ house “, indicates Ferran Font, director of Studies at piso.com.
And adds: “LPotential buyers with savings and solvency who lived for rent made the leap to property taking advantage of cheap financing and the progressive growth of housing prices. ANDhe The lowering of rents has also been motivated by the assimilation by the residential rental of inherited and tourist homes”.
With regard to statistics focused on autonomous communities, Madrid was the most expensive to live for rent: 12.39 euros per square meter. follow him Balearic Islands (11.71 euros) and Catalonia (11.09 euros). Lace cheapest rents were in Castilla y León (4.55 euros), Extremadura (5.13 euros) and Castile-La Mancha (5.42 euros).
Compared to November, the most striking increase took place in the Balearic Islands (2.99%). The greatest adjustment occurred in Asturias (-2.92%). Compared to last year, Catalonia (10.13%) was the one that increased the most. The greatest decrease was that of La Rioja (-12.23%).
The province of Madrid, on the rise
By provinces, in December 2021 the first position went to Madrid, with 12.39 euros per square meter. They were followed by Barcelona (12.19 euros) and the Balearic Islands (11.71 euros). On the opposite side, Cuenca closed the classification with 3.22 euros per square meter.
Other economic provinces were Ávila (3.37 euros) and Ciudad Real (3.59 euros). The province that made its rents more expensive in the last month was Salamanca (3.09%), while the one that made them cheaper was León (-2.96%). From one year to another, the highest increase was that of Pontevedra (15.41%). The rent that adjusted the most was that of Ourense (-16.26%).
“The surplus value generated by the sale in these moments of great buying pressure is very interesting, so part of the rental offer could become liquid and disappear from the current inventory,” he says. Ferran Font. And he concludes by mentioning the interventionist measures of the Housing Law, “which would anticipate a rise prior to the entry into force of the limitations announced by the Government to maintain profitability in an inflationary economic context.”