According to an article in El País, the national average rents have started to fall for the first time in years. Although rents in the big cities have fallen for a while due to the pandemic and restrictions imposed, the effects can now be seen nationally as well. January of 2021 is the first month to register this change.
Real Estate portal Idealista states that the average rental price in Spain, in January 2021, is about €11. That’s a drop of 0,1% compared to January 12 months earlier. A small change, but a shift nonetheless.
You can read more about this in El País’s article here: “Average cost of rent in Spain falls for the first time since financial crisis“.
Harry B., Find Your Spain!
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