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Covid-19’s Impact the Rental Market in Madrid

The pandemic caused the average time to rent a home to soar last year, but there are major differences by region. It takes half as long to rent a flat in Vicálvaro and Moratalaz as it does in the Centre.

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Since the Covid crisis began, the time it takes to rent a property in Madrid has notably increased. Between the second quarter of 2019 and the first quarter of 2020, the average time to rent a home had stabilised at 1.5 months in Madrid.

However, since then, the average time to rent a property in the capital has skyrocketed, reaching 2.4 months between January and March 2021, according to data from the big data real estate platform Brainsre.

Read the full article in Spanish


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