The month of April has closed with an year-on-year increase in the price of rent in Spain of 5.2% and it stands at 15 euros/m². In the specific case of Canary Islands prices rose by 7.3%, according to the latest price report published by idealista.
The square meter reaches 15.9 euros per square meter in the province of Las Palmas, formed by Lanzarote, Fuerteventura, and Gran Canaria.
All regions, except Catalonia (-8.6%), experience increases in their incomes since April of last year. Castilla-La Mancha (11.6%) leads the increases, followed by the Community of Madrid (9%), Aragon (8.9%), Asturias (8.3%), Andalusia (8.2%), and the Valencian Community (8.1%).
Below 8% are the increases in Extremadura (7.9%), Castilla y León (7.6%), Canarias (7.3%), and the Region of Murcia (6.6%). Below the national average threshold are La Rioja (4.5%), Galicia (4.3%), Baleares (4%), Euskadi (3.9%), Navarra (1.4%), and Cantabria (0.6%).
The Community of Madrid (21.2 euros/m²), Balearic Islands (19.8 euros/m²) and Catalonia (17.1 euros/m²) are the regions with the highest price. They are followed by Canary Islands (15.7 euros/m²) and Basque Country (15.1 euros/m²).
On the opposite side of the table we find Extremadura (7.5 euros/m²) and Castilla-La Mancha (8.6 euros/m²), which are the most economical communities.
The rental price rises in 49 out of 50 Spanish provinces in the last year, with the only exception of Barcelona (-8.5%). The biggest increases were seen in Lleida (14.7%), Toledo (12.5%), Guadalajara (12.4%), and Segovia (12.2%). On the other hand, Cantabria (0.6%), Girona (0.8%), and Navarra (1.4%) represent the smallest increases. In the Community of Madrid, the increase was 9%.
After this increase, the Community of Madrid (21.2 euros/m²) remains the most expensive province to rent a home in Spain, followed by the Balearic Islands (19.8 euros/m²). They are followed by Barcelona (18.6 euros/m²), Málaga (17 euros/m²), Guipúzcoa (16.6 euros/m²), Las Palmas (15.9 euros/m²), and Santa Cruz de Tenerife (15.4 euros/m²). Jaén (6.9 euros/m²), Ciudad Real, and Zamora (7.3 euros/m² in both cases), on the other hand, are the most economical provinces.
