![]() ![]() There are of course massive differences between renting in the city and the countryside, as well as considerable price variations between certain regions and provinces. READ MORE: Why it’s getting harder to rent a property in Spain In 2022, the Spanish government introduced a 2 percent rent increase cap to put a stop to excessive rises, but this only applies to existing rental contracts, meaning that landlords are at liberty to set whatever price they see fit when renting out their property to a new tenant. Renting a place in Spain is not only becoming more costly but increasingly difficult, as there is less stock available as well as stricter requirements and screenings by landlords. In the last three months, average rents have gone up by 3.4 percent and tenants are paying 8.7 percent more than a year ago. Prices remained high throughout 20 and there is little sign of them dropping throughout 2023. The average of €11.70/sqm a month to rent an apartment is in fact the highest rate in Spanish history. This data from February 2023 corresponds to Spain’s main property website Idealista, that found that there was a 1.5 percent rise in rental rates in January and a 0.4 percent increase in February. ![]()
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