The price of rental housing has risen by 6.5% in the Canary Islands archipelago during the last year, leaving the monthly rent of each square meter at 15.1 euros, according to the latest idealista price report. This represents a quarterly increase of 5.6% and 1.8% in the last month.
On the other hand, the price rises by 9.7% in the province of Santa Cruz de Tenerife, up to 15 euros per square meter, while it rises by 4.5% in Las Palmas, up to 15.3 euros. Both the region's data and those of the provinces represent their respective historical records of rents.
According to Francisco Iñareta, spokesperson for idealista, “despite all the warnings and calls to redirect the policies approved by the Government in recent years, the disaster in the Spanish rental market is a reality. Years of persecution of owners and harmful measures, which culminated in the approval of the Housing Law, have only resulted in the disappearance of a large part of the available rental supply, with the consequent increase in prices due to the tensions between supply and demand shown in this report."
"Furthermore, we must not forget that the reduction in supply has dramatically increased competition among potential tenants, which always leans towards those with greater purchasing power, who offer more security to owners, which excludes more and more groups from renting and promotes a process of elitization of the same”, he adds.
In the second quarter of 2025, the dynamics established in terms of supply and demand have been maintained, which has maintained the tension in prices. During the spring, the price has grown by 9.7% year-on-year in Spain, reaching 14.6 euros per square meter per month, marking a new historical maximum.
In quarterly rate, prices have risen by 4.4% during the second quarter.
In the city of Barcelona, prices have increased by 8.2% in the last 12 months, but the growth is 1.7% if we compare it with the month of March. The square meter has been situated at 23.9 euros. Even so, the price has been reduced by 0.2% in the last month.
Madrid ends the quarter with a year-on-year increase in the price of housing rental of 11%, which places the price of the square meter in the capital at 22 euros in what is a new historical maximum. Prices have increased by 3.5% in the capital during the last 3 months.
The rental price rose by 9.9% in Valencia during the last 12 months. This increase has left the price of the square meter at 15.5 euros. The increase registered in the last quarter has been 1.7% but they have been reduced by 0.7% in the last month.
All the capitals have higher rental prices than in June 2024, except Cuenca where they have been reduced by 2.2%. Segovia is the capital in which the rent has grown the most in a year: 21.4%.
Among the large markets, the largest increases have occurred, in addition to Madrid and Valencia, in Palma (9.7%), Seville (9.4%), Alicante (8.4%) and Barcelona. The smallest increases among these markets have occurred in Bilbao (5.6%),
San Sebastián (6.4%) and Málaga (7.9%).
Barcelona is the most expensive capital to rent a home, with 23.9 euros/m 2 , followed by Madrid (22 euros) and San Sebastián (18.7 euros). In fourth place is Palma (18.3 euros) and already in fifth place is Málaga (15.6 euros).
In the lower part of the table we find Ciudad Real (7.6 euros), Zamora (7.8 euros), Cáceres (7.8 euros), Cuenca, Palencia and Jaén (8 euros in all three cases).
