2023-10-14 04:04:00
Living on rent is the reality of the majority of citizens in our country, more out of obligation than pleasure. The average price for buying and selling homes continues to rise, standing at 2,007 euros per square meter in September, so an apartment of about 80 square meters costs an average of 160,560, a price that is not within everyone’s reach and makes it difficult to purchase. to become owners, according to data from the idealista real estate portal. However, the rental market does not present a very favorable scenario either and the price of rentals has not stopped increasing to reach historical highs. At the end of September 2023, renting a home in Spain had a cost of 11.8 euros per square meter, 9.3% more than a year ago. Therefore, renting a house of about 80 square meters in Spain has an average cost of 944 euros.
Given this scenario, 21 provincial capitals set historic highs in the ninth month of the year, with Barcelona in the lead (20 euros per square meter), followed by Madrid (17.7 euros per square meter), San Sebastián (16.9 euros per square meter), Palma (14.6 euros per square meter) or Bilbao (13.2 euros per square meter).
This same report highlights 50 neighborhoods or areas in Spain where rental income exceeds 18 euros/m2, most of them in the capital city (24) and Barcelona (18). However, neighborhoods in San Sebastián also appear in this ranking, as well as coastal areas such as Sangenjo in Pontevedra or Calviá in Mallorca and the tourist areas in the south of Gran Canaria, such as Playa del Inglés or Maspalomas.
La Barceloneta in Ciudad Vieja is the most expensive neighborhood to rent a home in Spain, since the price per square meter amounts to 26.7 euros, 14.8% more expensive than in 2022 and far from the average in Spain (11.8 euros/m2). This is followed by Recoletos, in the Madrid district of Salamanca, since renting a home in this area costs 24.9 euros per square meter after increasing prices by 13.1% in the last year. The podium of the most expensive neighborhoods in Spain is completed by La Dreta de l’Eixample del Ensanche in Barcelona and its tenants have to face a rental price of 24.7 euros/m2, after having increased by 16, 2% compared to the same month in 2022.
The top-10 most expensive neighborhoods exceed 22 euros per square meter. Among these, six of them set their price record in the rental offer as in Madrid in the neighborhoods of Castellana (23 euros/m2), Almagro (22.8 euros/m2) or Chueca (22.1 euros/m2) , while in Barcelona, Diagonal Mar and the Front Marítim del Poblenou (23.8 euros/m2) or San Pedro, Santa Catalina and la Ribera (22.8 euros/m2) are still below their ceiling.
“Of the 50 locations, 31 of them have reached price peaks this September, which also includes the Adina-Portonovo area, in the famous coastal town of Sangenjo, in Pontevedra, and which is the first area outside of the two large capitals, in 18th place,” they point out from the real estate portal.
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