{"id":6847,"date":"2020-01-16T12:45:56","date_gmt":"2020-01-16T11:45:56","guid":{"rendered":"https:\/\/www.chakibpropertyworld.com\/?p=6847"},"modified":"2020-01-16T12:45:56","modified_gmt":"2020-01-16T11:45:56","slug":"madrid-and-barcelona-have-the-most-inaccessible-rentals-teruel-and-lugo-the-cheapest","status":"publish","type":"post","link":"https:\/\/www.chakibpropertyworld.com\/en\/madrid-and-barcelona-have-the-most-inaccessible-rentals-teruel-and-lugo-the-cheapest\/","title":{"rendered":"Madrid and Barcelona have the most &#8220;inaccessible&#8221; rentals; Teruel and Lugo the cheapest"},"content":{"rendered":"<ul>\n<li><span style=\"font-size: 14pt;\">The rental price hits the brakes and closes 2019 with an 8.54% rise compared to 18.35%, which concluded in 2018 according to recent report.<\/span><\/li>\n<\/ul>\n<p>The rental price closed last year with an 8.54% rise from 18.35% that ended in 2018, according to the &#8220;Annual Rental Price Report&#8221; prepared by the real estate portal &#8220;Pisos.com&#8221;. For its part, the house for rent in December had an average area of 124 square meters and an average income of 966 euros per month. This represented a fall from November to 2.03% and in the cumulative of the second half of the year, a 2.44% increase.<br \/>\nIn the opinion of experts, there is &#8220;a trend towards restraint in rent&#8221; after a period of strong growth and, in this regard, they have pointed out that for the first time since 2016 year-on-year growth is less than 10%, after several major &#8220;peaks&#8221; over the next three years. For these experts, &#8220;the rental market is much more reactive and the payment cap of the family units has been reached&#8221;. As an example, they mention the shift in demand from large capital to the periphery. &#8220;Many of our clients are real estate agencies and they tell us, if they used to have a flat to rent in a portfolio, they now take between a week and ten days,&#8221; they conclude.<\/p>\n<p><span style=\"font-size: 14pt;\">Madrid, the most expensive region, Teruel the cheapest<\/span><\/p>\n<p>The study also analyses which are the most expensive and cheaper ranges, provinces and municipalities: Between the provinces, the most expensive have been Madrid (1,744 euros per month of average income) followed by Barcelona (1,531 euros\/month) and the Balearic Islands (1,394 euros per month). At the other end, the provinces with the lowest average rental income are Teruel (387 euros per month), Lugo (424 euros\/month) and Ciudad Real (424 euros per month).<br \/>\nThe province where rents have risen the most over the past year has been Albacete, where 17.69% have soared while at the opposite end the biggest drop took place in Alava where rents were 5.20%. In the last month it has been Cuenca (4.81%), the province where it has been better with a rise of 4.81%. By contrast, Soria has been the province in which rents have been lowered the most during December (-4.77%).<\/p>\n<p>Among the provincial capitals, at the end of last year, the most expensive rentals were again in the city of Madrid (1990 euros per month), followed by Barcelona (1,949 euros\/month), Palma de Mallorca (1,338 euros per month) and San Sebastian (1,252 euros per month). For Ferr\u00e1n Font, director of Pisos.com studies, it is precisely in the aforementioned populations where &#8220;the price has gone up a lot and there is a problem of accessibility&#8221;. In this regard, this expert has pointed out that the regulation that the new Government intends to adopt &#8220;will have to be adapted to these specific markets because generic legislation will be considerably less useful&#8221;.<br \/>\nWhereas, on the opposite side, with the cheapest rentals were the cities of Teruel where the rent can hardly cost on average 431 euros per month, Lugo (442 euros\/month and Ciudad Real (456 euros\/month).<\/p>\n<p><span style=\"font-size: 14pt;\">Extremadura, the cheapest community<\/span><\/p>\n<p>At the regional level, the most expensive regions when it comes to renting were, in December 2019, the Community of Madrid (1,744 euros\/month), the Balearic Islands (1,394 euros per month) and Catalonia (1,249 euros\/month). Among the most economical incomes are Extremadura (459 euros\/month), Castilla-La Mancha (585 euros per month) and Galicia (596 euros\/month). The largest year-on-year increase took place in Catalonia, where rental rents soared by 13.55% while, at the other end, in La Rioja the rents fell during 2019 to 3.71%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rental price hits the brakes and closes 2019 with an 8.54% rise compared to 18.35%, which concluded in 2018 according to recent report. The rental price closed last year with an 8.54% rise from 18.35% that ended in 2018, according to the &#8220;Annual Rental Price Report&#8221; prepared by the real estate portal &#8220;Pisos.com&#8221;. For [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-6847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.chakibpropertyworld.com\/en\/wp-json\/wp\/v2\/posts\/6847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chakibpropertyworld.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chakibpropertyworld.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chakibpropertyworld.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chakibpropertyworld.com\/en\/wp-json\/wp\/v2\/comments?post=6847"}],"version-history":[{"count":1,"href":"https:\/\/www.chakibpropertyworld.com\/en\/wp-json\/wp\/v2\/posts\/6847\/revisions"}],"predecessor-version":[{"id":6848,"href":"https:\/\/www.chakibpropertyworld.com\/en\/wp-json\/wp\/v2\/posts\/6847\/revisions\/6848"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chakibpropertyworld.com\/en\/wp-json\/wp\/v2\/media\/12942"}],"wp:attachment":[{"href":"https:\/\/www.chakibpropertyworld.com\/en\/wp-json\/wp\/v2\/media?parent=6847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chakibpropertyworld.com\/en\/wp-json\/wp\/v2\/categories?post=6847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chakibpropertyworld.com\/en\/wp-json\/wp\/v2\/tags?post=6847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}