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Covid-19’s Impact the Rental Market in Madrid

edificios vivienda Madrid fuente shutterstock 1024x683 1
edificios vivienda Madrid fuente shutterstock 1024x683 1 1

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