In recent years, the Canary Islands have experienced a dizzying increase in rental prices, a process that is now being observed more rapidly at the national level, while the increase in prices is moderating in the Canary Islands.
The month of July has closed with a year-on-year increase in the price of rent in Spain of 10.9% and is set at 14.6 euros per square meter, according to the latest price report published by idealista.
This figure represents an increase of 2.1% in the last three months and a decrease of 0.5% compared to the last month.
Meanwhile, at the regional level, rental prices have risen by 7.9% since July last year and the square meter is at 15 euros in the Canary Islands.
Rents have risen in all Spanish regions since July last year. La Rioja leads the increases (13.6%) followed by Castilla-La Mancha (13.5%), Comunidad de Madrid (12.3%), Catalonia (11.8%) and Andalusia (10.9%).
Below the national average are the increases in Asturias (10.7%), Comunitat Valenciana (10.5%), Castilla y León (10.1%), Galicia (9.1%), Aragon (8.9%), Canary Islands (7.9%) and Region of Murcia (7.1%).
The least increases in the last year occur in Extremadura (2.2%), Cantabria (4.5%), Balearic Islands (4.6%) Navarra (6.4%) and Euskadi (6.9%).
Between 7 and 20 euros per square meter
The most expensive square meter in the country is now in the Community of Madrid (20.3 euros), the second is the Balearic Islands (19.7), followed by Catalonia (18.7), the Canary Islands (15) and Euskadi (14.9). On the opposite side of the table we find Extremadura (7.3) and Castilla-La Mancha (8 euros) which are the most economical communities.
The rental price rises in 49 provinces in the last year, with the only exception of Cáceres (-5.2%). The largest increases have been experienced in Teruel (21.7%), Zamora (18.7%), Segovia (18.1%), Guadalajara (14.1%) and Toledo (13.9%). On the contrary, Lleida (1%), Girona (1.1%), Soria (2.2%) and Huesca (3.1%) are the provinces that register the smallest increases.
The Community of Madrid (20.3 euros per square meter) overtakes Barcelona (20.2 euros) as the most expensive province to rent a home in Spain. It is followed by the Balearic Islands (19.7), Málaga (16.7), Guipúzcoa (16.7), Las Palmas (15.1) and Santa Cruz de Tenerife, with 15 euros. Jaén (6.7 euros) and Ciudad Real (6.9 euros), on the other hand, are the most economical provinces.