Rents closed 2022 in record figures in most autonomies

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The average price of rental homes reached a historical record in almost all the autonomous communities at the end of 2022 and in four of them there was an increase of more than 14% year-on-year, according to data from the latest real estate report by Idealista.

Rent rose in all autonomous communities and, except in Asturias, Cantabria, Galicia, the Valencian Community and Madrid, all closed the year with the highest prices in the historical series of the real estate portal, which records the cost of rentals since 2007.

According to data from Idealista, the Valencian Community was the one in which rents increased the most (15.8%), followed by Catalonia (14.7%), the Balearic Islands (14.5%), the Canary Islands (14.2%), Andalusia (9.8%) and Madrid (9.7%).

Also 23 cities closed 2022 with the highest rental prices since there are records and only fell in Palencia (4%), Córdoba (0.3%) and Zamora (0.1%).

The city in which rent increased the most was Barcelona (25.7%), followed by Alicante (23.4%), Valencia (20.9%), Malaga (20.7%), Girona (19.2%), Orense (15.9%), Teruel (13.8%), Palma (11.9%), Jaén (11.4%) and Madrid (11.2%).

ANDALUSIA

By autonomous communities, in Andalusia the rent increased by 9.8% in 2022 and in December the historical record was broken in the price per square meter (9.6 euros per square meter).

The province of Malaga stands out, where prices rose by 21.4% in 2022, while in the capital rent rose by 20.7%.

ARAGON

In Aragon, rents increased by 4.4% in 2022 and, in July, the price per square meter reached its historical maximum (€8.3/m2).

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In Teruel capital, rent increased by 13.8% and, in the province, by 10.5%.

ASTURIAS

In Asturias, the rental price rose by 4.9% in 2022 compared to 2021.

In Oviedo, in December the historical maximum price per square meter was registered (€ 8.2 / m2) and rental prices increased by 6%.

BALEARIC

The Balearic Islands was the third autonomous community in which the rental price increased the most, so that renting a home cost 14.5% more in 2022 than in 2021.

Both in the community (€ 14.0 / m2) and in Palma de Mallorca (€ 12.9 / m2) a record of the price of rental housing was reached.

CANARY ISLANDS

The Canary Islands was the fourth autonomous community that experienced a greater increase in rental housing prices (14.2%).

In the province of Santa Cruz de Tenerife renting a property was 14.2% more expensive than in 2021, and in Las Palmas, 13.5%.

The price per square meter reached in December the historical maximum in the whole community (11.8 €/m2) and also in Las Palmas (12.6 €/m2) and in Santa Cruz de Tenerife (10.6 €/m2).

CANTABRIA

In Cantabria, the annual variation in the price of rental housing shows that in 2022 it became more expensive by 7.7%.

The price per square meter stood at 8.9 €/m2 and in Santander (BME:SAINT) recorded the highest price since Idealista has records (€ 9.5 / m2).

CASTILLA Y LEÓN

In all the provinces of Castilla y León the historical maximum was registered since the real estate portal registers the rental prices.

The average price per square meter stood at € 7.1 / m2 and the cost of housing increased by 4.3% in the community.

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CASTILE-LA MANCHA

In all the provinces of Castilla-La Mancha, except Ciudad Real, the historical maximum price per square meter (€ 6.1 / m2) was recorded and the cost of these homes increased by 4.3% in the region.

CATALONIA

Catalonia was the second autonomous community to experience a greater rise in rental prices in 2022.

Renting a home cost 14.7% more last year than in 2021 and the price per square meter was € 15.6 / m2.

In all provinces, except Tarragona, the historical maximum price per square meter was reached.

. VALENCIAN UNIT

The Valencian Community was the autonomous community that had the highest rise in rental prices in 2022 and Alicante was the second city in Spain in which they became more expensive (23.4%).

Home prices increased by 15.8% in 2022 and the amount per square meter stood at 9 €/m2.

BASQUE COUNTRY

In all the provinces of the Basque Country, the historical maximum price per square meter of rental housing was reached.

The average price of the community stood at € 12.8 / m2 and, compared to 2021, rents rose by 4.5%.

The province in which the price increased the most was Álava (8%).

EXTREMADURA

In Extremadura, rental property prices rose by 5.7% in 2022.

Both in Cáceres and Badajoz there was a record price for rental homes and the average amount per square meter stood at €5.8/m2.

GALICIA

In Galicia, renting a home in 2022 cost 5.1% more than in 2021.

The average price per square meter stood at € 7.7 / m2 and, less in the province of A Coruña, in all the others last year the historical maximum price was reached.

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LA RIOJA

In La Rioja, rental property prices increased by 6% in 2022.

Both throughout the region and in Logroño a record price was registered and the average amount per square meter stood at € 7.2 / m2 in the community.

MADRID

In the Community of Madrid, renting a home in 2022 cost 9.6% more than in 2021.

The average price per square meter stood at 14.9 €/m2 in December and, in Madrid capital, at 16.2 €/m2.

MURCIA

In the Region of Murcia, rent rose by 7.1% in 2022 and the amount per square meter stood at € 7 / m2.

NAVARRE

Navarra was one of the communities in which the price of rental housing increased the least in 2022 (3%).

The average price per square meter was €9.3/m2 in December.

A LACK OF SUPPLY

As explained in a statement by the spokesman for Idealista, Francisco Iñareta, this generalized price increase in all the autonomous communities is mainly due to the lack of available supply.

“The growing strength of demand is joined by a dwindling supply that cannot be replenished. The equation is simple: fewer homes and more demanders result in price tension,” says Iñareta.

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