By the end of 2016, the average rental price in Spain is expected to have risen by more than 10 per cent. The study that says this has been elaborated by Servihabitat Trends, a platform that is in charge of investigating and analysing the real estate market and its evolution from official sources and channels of the sector and the state.
This upward trend has meant that renting apartments in Madrid, the Balearic Islands, Catalonia, the Canary Islands, Cantabria and País Vasco is especially expensive today. In fact, these autonomous communities are situated well above the average compared to the rest of the country. As an example, approximately, a house constructed more than 35 years ago in one of these mentioned areas and with less than 90 square metres, can cost 540 euros a month, whereas in some of the other places it can reach as high as 700.
37 per cent of the flats and houses in Madrid that are rented are occupied by single-parent families. this is the population segment with the highest growth in the last decade. For their part, 28.5 per cent are single persons and 23.9 per cent belong to families with two or more dependent children.