The price of rental housing has increased by 2.6% during the first quarter of the year, leaving the square meter at 11.2 euros per month, according to the rental market report published by idealista. Lleida (5.7%) and Cadiz (5.2%) led the major increases in provincial capitals between January and March. The year-on-year increase was 5%.
For Fernando Encinar, head of research at Idealista, “the report, when compiling the first quarter supply, does not show the impact that the crisis of the coranavirus has had on the rental market. The gradual exit from the lockdown will reflect the declines in rents that are already being negotiated de facto between owners and tenants. To the price decreases, it will be necessary to add a more than probable exodus from the center of the big cities to their peripheries caused by the new searches that many tenants, after weeks of confinement in houses that they have discovered that they do not like, will make, being interested in apartments with more surface, light, views and tranquillity”.