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.


Room Supply in Spain Surges 43% in Q1 2024

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

Support Ogusyis by making a contribution – no matter how small.


Enter your amount
£
Enter your amount
£
Enter your amount
£
Yourname
Email
Phone


Dutch Home Prices to Rise 14% by End 2026; De Nederlandsche Bank Predicts No Recession

De Nederlandsche Bank forecasts a 6% increase in Dutch home prices this year, with a steady 4% rise in the next two years. No more fear of recession for the Dutch economy.

De Nederlandsche Bank forecasts a 6% increase in Dutch home prices this year, with a steady 4% rise in the next two years. No more fear of recession for the Dutch economy.

Read more

Discover Why Costa Blanca Still a Top Choice for Foreign House Buyers in Spain

Discover why ALICANTE province, particularly the Costa Blanca, remains a top destination for foreign investors looking to invest in real estate in Spain, with 44% of property transactions in 2023 carried out by non-Spaniards.

Discover why ALICANTE province, particularly the Costa Blanca, remains a top destination for foreign investors looking to invest in real estate in Spain, with 44% of property transactions in 2023 carried out by non-Spaniards.

Read more

America's Rental Market: Regions with Climbing and Falling Rents

Discover the latest data on rental market trends in America, including regions where rents are on the rise and where they are falling.

Discover the latest data on rental market trends in America, including regions where rents are on the rise and where they are falling.

Read more

Purpose-Built Rentals: The Future of Commercial Real Estate?

Discover the future of commercial real estate with purpose-built rentals as highlighted in the latest Re/Max report. Explore how landlords are shifting towards this trend for increased density and profitability.

Discover the future of commercial real estate with purpose-built rentals as highlighted in the latest Re/Max report. Explore how landlords are shifting towards this trend for increased density and profitability.

Read more

US Homeowners Experience Near-Record Highs in Home Equity Growth

Discover the latest CoreLogic report findings showing US homeowners gaining an average of $28,000 in home equity over the past year.

Discover the latest CoreLogic report findings showing US homeowners gaining an average of $28,000 in home equity over the past year.

Read more

Rare Low-Rise City Centre Homes Portfolio Hits UK Residential Real Estate Market

Explore the latest update on the UK residential real estate market with the launch of a unique portfolio of 262 single-family houses in city centres, designed for institutional ownership in the UK rental real estate market.

Explore the latest update on the UK residential real estate market with the launch of a unique portfolio of 262 single-family houses in city centres, designed for institutional ownership in the UK rental real estate market.

Read more

Rise in Landlords Investing in Semi-Commercial Real Estate

Discover why investors are flocking to semi-commercial real estate, with applications doubling in 2024. Learn more in our latest blog post.

Discover why investors are flocking to semi-commercial real estate, with applications doubling in 2024. Learn more in our latest blog post.

Read more

Nearly Half of Landlords Planning to Buy More Properties | Landbay Survey

Landbay's latest survey shows strong landlord demand, with nearly half looking to purchase more properties in the next year.

Landbay\'s latest survey shows strong landlord demand, with nearly half looking to purchase more properties in the next year.

Read more

Canada: Montreal Home Sales Increase as Prices Surge

The Montreal real estate market sees a rise in home sales, with prices on the upswing. Find out more about the latest trends in the region.

The Montreal real estate market sees a rise in home sales, with prices on the upswing. Find out more about the latest trends in the region.

Read more

Copyright © Ogusyis. All rights reserved. The Content may not be copied, distributed,  republished, uploaded, posted or transmitted in any way without the prior written consent of Ogusyis.