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Spanish cities with the most expensive rentals

In case there is any doubt about the rental property demand in our country, the latest data for the year 2016 shows a clear price rebound in almost all the districts. This is evident both in the minimum and maximum prices. Naturally, Madrid could not be oblivious to the trend as it shows an increase of almost 11 per cent in rental prices over the previous year.

This is what emerges from the latest annual report published by TecniTasa, an independent appraisal company certified by the Bank of Spain, which has revealed Serrano Street as the most expensive street in the capital of Spain with an average rental price of 30.93 euros per square metre.

However, Madrid is not the most expensive city to rent in. According to these reports, Barcelona's Paseo de Gràcia is ​​the most expensive in the entire Ciudad Condal with a total of 32.2 euros per square metre. These figures, which represent a rental amount of 3,222 euros per month for a house with an area of ​​100 metres, show an increase of 9 per cent in relation to the previous year.

Madrid - piso-en-madrid-inmobiliaria-engel-volkers.jpg

According to these same sources, the third place belongs to the city of Pamplona, ​​where it reaches an average price of 24.82 euros per square metre.

In the three cities mentioned above, there have been the largest fluctuations between the maximum and minimum rental prices within urban territory. These differences can even be up to 20 euros per square metre.

By contrast, the lowest rental figure has been found on the east coast, in cities such as Elche (Alicante), with 1.80 euros per square metre, while Alicante itself has an average of 1.99 euros per sqm and Castellón, 2,04 euros per sqm.

During the last few months, property rental has been an option that has shown greater strength, compared to property purchases. If you are interested in renting in Madrid, the best option is to go to a prestigious real estate agency, which offers you a wide range of brokerage services and an extensive portfolio of properties.

These are the qualities that define Engel & Völkers Madrid, a true global leader in high quality rentals and purchases, with more than 30 years of international experience in the sector. At Engel & Völkers Madrid, you will always find the best options for renting all types of high quality properties, whether they are apartments, duplexes, lofts, penthouses or villas, located in the most exclusive areas of Madrid.

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