Housing

20% of rental ads last less than 24 hours in Lanzarote, Gran Canaria and Fuerteventura

The phenomenon of 'express rental' is spreading across Spain, with Las Palmas among the most affected provinces

EKN

Buzones en un bloque de pisos. Alquileres

The 20% of rental housing listings in the province of Las Palmas, formed by Lanzarote, Gran Canaria and Fuerteventura, lasts less than 24 hours, according to data from Idealista.com.

Nationally they are 15% of the homes. The province of Las Palmas is the tenth in the country where advertised flats last the least.

They last even less in the province of Barcelona (30%), followed by Álava (29%), Teruel (29%), Burgos and Guipúzcoa (27% in both cases).

Above 20% are also found the provinces of Vizcaya, Guadalajara and Huelva (22% in all three), Palencia (21%), Soria and Las Palmas (20% in both cases). In the Community of Madrid the rate remained at 13%.

On the contrary, Cuenca is the only province without express rental (0%), followed by Ávila and Ourense, which share 5%.

By cities, Barcelona and Girona are those with the highest percentage of express rentals, as the 36% of homes rented in both did not even last 24 hours on idealista, while in Vitoria they were 30%.

They are followed by the cities of Lugo (26%), Palma (25%), Cádiz (25%), Guadalajara (25%) and Soria (25%). Above 20% of express rentals are A Coruña (23%), Bilbao (23%), San Sebastián (23%), Burgos (21%) and Palencia (20%).

In the rest of the major markets, the highest incidence of express rental occurs in Seville, with 16% of homes rented in less than 24 hours. They are followed by Valencia and Madrid, which share a rate of 11%, and finally are the cities of Malaga (8%) and Alicante (7%).

Ceuta, Cuenca, Pontevedra and Teruel are the only cities in which this phenomenon did not exist during the fourth quarter, while in Ourense, Ciudad Real and Cáceres it only represented 4%.