Commercial property has been the worst hit real estate sector by the pandemic, which has only served to aggravate an earlier crisis.
Exclusive locations within the districts of Moncloa-Aravaca, Fuencarral-El Pardo, Retiro and Hortaleza, report the highest rents. At the same time, the price per square metre has skyrocketed in areas of Centro and Salamanca, according to Brains Real Estate.
Significant economic growth in the Malagan city, coupled with the attractiveness of its luxury coastal markets, has led this Andalusian province to emerge as the new property hotspot in Spain.
Even though the coronavirus has caused housing prices to fall, Spain’s largest cities continue to be the most expensive regions to rent homes in the country. Areas such as El Plantío, Vallvidrera, Playa de Palma, Abando and El Pla del Remei have the most expensive rents in Spain.