2023-09-03 20:06:19
Ciudad Real is the cheapest province capital to rent a homewith an average price of 453 euros per month for a flat type of 80 square meters. Behind, They are followed by Ourense, Cáceres and Zamora, with prices ranging between 520 for the first and 524 euros per month for the second; according to data from the real estate portal Fotocasa. These figures are very far from Barcelona, San Sebastián or Madrid, the three most expensive cities in Spain, where a house with the same characteristics would cost between 1,484 and 1,652 euros.
Roughly, the 20 cheapest capitals are not coastal and they are in the interior, except for Castellón de la Plana, Murcia and Pontevedra, which all three have the coast near the municipality. Estremadura It is the only community made up of several provinces in which all are part of the list of the cheapest: Cáceres, in third position, and Badajoz, tenth, with an average price of 595 euros per month.
Castilla La-Mancha and Castilla y León have five province capitals each among the most affordable: Ciudad Real (453 euros), Zamora (524 euros), Palencia (536 euros), Ávila (558 euros), León (578 euros), Cuenca (579 euros), Albacete (597 euros), Valladolid (660 euros), Guadalajara (712 euros) and Toledo (716 euros). Three of the four provinces that make up Galicia are also part of this ranking: Ourense is the second cheapest capital in Spain, while Lugo and Pontevedra are the fifth and thirteenth, respectively. Outside of these communities, only Lleida (629 euros), Huesca (662 euros), Murcia (668 euros) and Logroño (684 euros) sneak into the list, according to Fotocasa.
What percentage of the rent must be paid to the rent?
On average, during 2022, Spaniards have allocated 43% of their gross salary to rent, compared to 40% in 2021 or 30% in 2012, according to Fotocasa. However, in the case of the twenty provincial capitals with the cheapest rent, the average effort rate is around 25%, with data on average net income per household from the National Institute of Statistics (2020). Ciudad Real, in addition to the city with the most affordable rental prices, is the city where the least percentage of income must be allocated, slightly above 20%.
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At the other extreme is Toledowhich, although it is the twentieth most affordable city in this ranking, is the one that more rental effort required from the list, on average 30%. Efforts exceed 25% also in Badajoz (28%), Cuenca (26%), Logroño (26%), Guadalajara (26%), Murcia (26%), Cáceres (25%), Ávila (25%) and Albacete (25%).
“The consistent rise in rental prices in recent years has come to surpass all-time highs, which is forcing the plaintiffs to give up on their emancipation or their moving process and to share housing, as a housing solution by being able to share expenses. It is the only way that most young people can afford to pay rent. It is no longer just that wages do not grow at the same rate as housing. The main reason for reaching the highest level in the history of salary effort is that the rental price is at its record level, showing the largest increases in the last 17 years. The increase in the cost of the lease causes the percentage that the citizen allocates to access the rent to be well above what is recommended. At a general level and especially in stressed areas, it is clear that the problem of access to rentals is getting worse and worse”, reflects María Matos, Director of Studies and spokesperson for Fotocasa.
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