The Spanish real estate market is experiencing a new boom, this time in the rental sector. The average rent for new leases has risen ...continue reading "A new real estate boom: the rental market"
While Madrid is the most expensive region to rent a home, at a monthly cost of €10.20 per square metre, followed by the Basque Country (€10 per square metre), Catalonia (€9.20) and then the Balearic Islands (€8.10), Barcelona is by far the most expensive city. There, tenants must shell out an average of €12.50 per square metre every month, meaning a small, one-bedroom flat of 50 square metres will cost €625 a month.
And after rising 11 per cent last year, Barcelona rents look to be booming.
Murcia saw the biggest drop of 4.4 per cent, and is one of the cheapest regions in which to rent, at an average of €4.70 per square metre per month.
Extremadura (€4.20) and Castilla-La Mancha (€4.40) are the only cheaper regions in Spain for tenants.
...continue reading "Barcelona is the most expensive city to rent a home"