Spain’s rental market continues to show striking contrasts as well as regional differences. According to data from Alagleading company of legal defense insurancethe Balearic Islands have an average income of 983 euros per monthfollowed by Malaga (€884), Gipuzkoa (€879), Madrid (€870), Biscay (€800) and Barcelona (€798).
Six states with the same thing in common: Great economic vitality, employment and tourism attractionfactors that increase the demand for rental housing and, accordingly, prices. moreover, Expanding vacation rentals Because they are more profitable than residential properties, the amount of money available to people looking for permanent housing is being squeezed.
If prices don’t go up: More affordable states
On the other side of the map, Leon (€458), Badajoz (€472), Zamora (€479), Lugo (€497) and Ourense (€502) It has the lowest rent in the country. region aging population and loss of residents Limit housing demand, keep prices more stable and accessible.
New investment pole
The pressure on real estate investment is changing due to the increase in real estate investment by large capitals. medium sized city as Valencia (€671), Seville (€656) and Zaragoza (€613). Although it is still below National average monthly fee: 725 eurosits upward trend indicates growing interest from both residents and investors.
Differences between autonomous communities
The panorama repeats for each community. Balearic Islands leads the average price, followed by Madrid, Catalonia, Basque Country. At the very back, Extremadura, Castile-La Mancha, Castile and Leon The price is the lowest price.
ARAG emphasizes that: Differences in regulations, The management of private lodging and the declaration of “stressed areas” vary by region, and have a significant impact on price trends. Autonomous community or city hall.
Safety is more important than ever
With an increasingly competitive and changing rental market, both owners and tenants are looking for: Legal safety and security. Therefore, insurance ARAG Rental protect the owner of Failure to pay, damages, or legal disputes. Derived from a lease agreement.
Not only does it give you confidence; A more stable and professional rental market.
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