2023-08-19 03:34:09
Despite the fact that everything indicates that this month will fall compared to the value at which it closed in July, the Euribor has become a financial challenge for many families. The quotas have been escalating in the last year and a half to the beat of the interest rate increases approved by the European Central Bank (ECB) to contain inflation. There have been several alternatives that mortgage holders have resorted to to cushion this rise in their mortgage costs: from repaying loans early to save interest to launching into renegotiating their conditions in search, above all, of cheap fixed rates. Some solutions to which the rental of rooms in the home itself has begun to be added to help pay the mortgage.
According to the latest idealista statistics, in the last year, the supply of this type of accommodation has skyrocketed by 34% in Spain. At the moment, there is a greater supply of rooms available compared to a year ago in all the provincial capitals, except in Santa Cruz de Tenerife, where they have been reduced by 31%, according to the real estate marketplace. And among the reasons that explain this sharp increase in rooms for rent is the rise in the Euribor. “The shared flats market has some specific factors that are activated in certain cases that make this variation possible,” explains Francisco Iñareta, spokesman for idealista. “The rise in the Euribor has increased the mortgage payments of many families, who decide to rent a room to supplement their salaries and meet their mortgage obligations,” he says. In the same way, he adds, others who used to rent entire houses to round out their income now choose to rent just one room because they get enough with it due to the rise in rental prices.
It is also happening, although from idealista they consider that “almost anecdotally”, that some owners are beginning to remove their homes from conventional rental to rent them by rooms, despite the greater management complexity that this figure implies. A movement that would have to do with the Housing Law approved by the Government, given that the rental price limit, the star measure of this regulation, cannot be applied to room rental contracts.
Profile
People who share a flat in Spain have, according to idealista. a profile similar to the one they had last year, although the average age has risen by one year, to 34: they live in the center of large cities, they do not smoke or allow smoking in the home and they do not have or allow pets. The average age of the inhabitants of a shared apartment varies depending on the geographical area. The inhabitants with the highest average age are found in Cádiz (with an average of 58 years), followed by Vitoria (44 years), Santa Cruz de Tenerife, Pontevedra and Palencia (40 years in all 3 cases). In Madrid and Barcelona the average age is 32 years, but the cities of Córdoba (26 years), Granada (27 years), Salamanca, Ciudad Real, Seville and Valencia (28 years in the 4 cities) have the oldest inhabitants. youths.
In another recent report on the issue published by pisos.com, its director of Studies, Ferran Font, assured that the growing inflation has reduced the purchasing power of many citizens, causing that, given the impossibility of accessing a complete home for rent, It is increasingly common for people over 30 years of age to be forced to share a flat, ceasing to be an exclusive matter of students or young people in the process of emancipation.
By cities
Castellón de la Plana, where they have grown by 156%, is the provincial capital where room rentals have grown the most in the last year. Next is the increase in Almería, which idealista figures at 98%, and Alicante (81%), Lérida (77%), Albacete (68%) or Murcia (67%) somewhat lower.
As for the two large real estate markets, in Barcelona the increase was 63%, while in Madrid it was only 10% more. The smallest increases are those experienced by Vitoria (1%), León (5%) and Palencia (5%).
In relation to the movements in the available supply and the increases in the rental price, and despite the increase in the available park, prices in the capitals have continued to rise. Two share the highest percentage increase in Spain (19%): Ávila and Palma. Next are the increases in Castellón de la Plana (16%), Málaga (14%), Seville, Cádiz or Pamplona (13% in all three cases). In Barcelona prices have increased by 8%, while in Madrid the rise was 7%.
San Sebastián is the only city in which the price of rooms has fallen in the last year, falling by 2%. In a total of six capitals, prices remained unchanged in these twelve months: Palencia, Segovia, Cáceres, Salamanca, Huelva and Almería.
Barcelona is the city with the most expensive room rentals in Spain, since they reach 485 euros per month on average. They are followed by Palma (475 euros), San Sebastián (450 euros), Madrid (450 euros), Málaga (400 euros), Bilbao (400 euros) and Pamplona (395 euros). Ciudad Real is, on the other hand, the cheapest city among those analyzed by idealista (180 euros per month), followed by Badajoz (199 euros), Zamora, Palencia, Lugo and Cáceres (200 euros in the four cities).
Regarding the distribution of rooms for rent by availability zones, more than 50% of the offers (54%) are located in the cities of Madrid (26% of the total), Barcelona (12%), Valencia (9% ) and Seville (7%). Following are the markets of Zaragoza (4%), Granada (4%), Córdoba (3%) and Salamanca (3%). The sum of the 30 provincial capitals in which there are fewer rooms would only account for 13% of the total available park.
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