Rental supply surges in Madrid and Barcelona, Real Estate News, ET RealEstate

MADRID: The number of flats for rent has soared 115% in Madrid and 92% in Barcelona since March, one of Spain‘s largest property portals, Idealista, said on Monday, as tourists vanished from the city centres and some local residents followed suit. Nationwide, the number of flats advertised for rent soared 63% between March and September, […]

Rent falls in Spanish cities as coronavirus boosts demand for space, Real Estate News, ET RealEstate

MADRID: Rental prices in Spain‘s major cities fell in July, data from one of the biggest property portals showed on Tuesday, as the coronavirus pandemic drove up interest in less densely-populated areas. Between June and July, rents dropped by an average of 2.5% in Barcelona and 1.7% in Madrid, according to Fotocasa, although they remain […]

Rent in Spain falls for first time in six years amid pandemic, Real Estate News, ET RealEstate

MADRID: Rent across Spain slipped 0.2% in the second quarter from the preceding three months, the first price drop in six years as flats once destined for tourists flooded the residential market as a result of the coronavirus pandemic. Data released by online property portal Fotocasa on Thursday also showed rent in the Catalan capital […]

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