Room Supply in Spain Surges 43% in Q1 2024
Discover the latest report by idealista on the soaring room supply in Spain, with prices only rising by 3% to €400 per month. Find out which provincial capitals saw the largest increases.
The supply of shared flats has seen a significant increase of 43% year-on-year in the first quarter, with prices only rising by 3% to €400 per month, according to a report by idealista, southern Europe's leading real estate marketplace. The availability of rooms has increased in all provincial capitals except for Palencia, Huesca, Segovia, and Soria. The largest increase in supply was seen in Albacete, Castellón de la Plana, Córdoba, Alicante, and Almería, where the supply more than doubled in just one year.
Following Alicante, Valencia experienced the largest increase in available supply at 96% compared to a year ago, followed by Seville, Malaga, Barcelona, San Sebastian, Palma, Madrid, and Bilbao. Rental prices in the capitals have mostly increased, with only San Sebastian seeing a decrease and Cuenca remaining stable. The largest price increase was in Ciudad Real, followed by A Coruña, Albacete, Pontevedra, Zamora, and Cáceres.
Barcelona has the highest room rent in Spain at an average of €550 per month, followed by Madrid, Palma, and San Sebastian. Palencia and Jaén are the most affordable cities for renting a room, while more than 60% of rooms for rent are located in towns surrounding Madrid, Barcelona, and Valencia.
Despite the increase in supply, demand has also continued to grow in parallel, allowing prices to rise. The number of people interested in each room has remained stable nationally but has increased in 34 capitals, with the largest increase seen in Zamora, Palencia, Ceuta, and Ávila. However, the number of interested individuals has decreased in some cities like Alicante, Valencia, Barcelona, Seville, and Malaga.
Room Supply in Spain Surges 43% in Q1 2024
US Real Estate Investors Still Focused on Portugal: A Safe Haven for Property Acquisition?
Discover why the US real estate investors are turning to Portugal as a secure and appealing destination for real estate investments.
Discover why the US real estate investors are turning to Portugal as a secure and appealing destination for real estate investments.
Read moreUK House Prices Still Unaffordable for Many Despite Rising Wages
High mortgage rates and soaring bills make UK house prices unattainable for many, despite wage increases above inflation.
High mortgage rates and soaring bills make UK house prices unattainable for many, despite wage increases above inflation.
Read moreBelgium's Real Estate Prices Surge, Straining Purchasing Power
Discover how rising real estate prices in Belgium are impacting purchasing power, as interest rates remain stagnant. Stay informed.
Discover how rising real estate prices in Belgium are impacting purchasing power, as interest rates remain stagnant. Stay informed.
Read moreDutch Housing Market: 540 Tenants Challenge Rent Increase by CBRE and Nationale-Nederlanden
In a groundbreaking move, Dutch tenants take legal action to stop rent hikes, following recent court rulings against institutional investors. Stay updated with the latest developments.
In a groundbreaking move, Dutch tenants take legal action to stop rent hikes, following recent court rulings against institutional investors. Stay updated with the latest developments.
Read moreHouse Prices in Ireland Surge Amid Severe Property Shortage
Discover the latest Daft.ie House Price Report revealing a 3.8% increase in Q2 2024, with prices soaring by 35% since Covid-19.
Discover the latest Daft.ie House Price Report revealing a 3.8% increase in Q2 2024, with prices soaring by 35% since Covid-19.
Read moreUK Tax Rules on Second Homes: Can They Solve the Housing Crisis?
Owners of empty properties in England, Wales, and Scotland may face higher council tax rates, but experts are unsure if this will truly address the housing shortage.
Owners of empty properties in England, Wales, and Scotland may face higher council tax rates, but experts are unsure if this will truly address the housing shortage.
Read morePortugal Real Estate Market: Sales Decline, Prices Up 7%
Stay up to date with the latest trends in Portugal real estate market with the today update on housing prices, showing a significant 7% increase since the beginning of the year. Explore the impact of decelerating prices on the market.
Stay up to date with the latest trends in Portugal real estate market with the today update on housing prices, showing a significant 7% increase since the beginning of the year. Explore the impact of decelerating prices on the market.
Read moreThe US Housing Market Stuck: Sales Slow Despite Lower Interest Rates
Despite dropping mortgage rates, the US housing market remains stagnant with no immediate signs of improvement. Experts predict recovery may not happen until 2026.
Despite dropping mortgage rates, the US housing market remains stagnant with no immediate signs of improvement. Experts predict recovery may not happen until 2026.
Read moreIdealista, Leading Spanish Real Estate Portal, Acquired by British Fund Cinven
Discover the €2.9 billion acquisition of Idealista, the top real estate site in Spain, Italy, and Portugal, by British fund Cinven.
Discover the €2.9 billion acquisition of Idealista, the top real estate site in Spain, Italy, and Portugal, by British fund Cinven.
Read more