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Housing Rents Rise by 2.74% Y-o-Y in July, but Fall by 1.52% Since June

In July 2020, rental housing in Spain had an average cost of 975 euros/month, a fall of 1.52% m-o-m, according to the website pisos.com.

In July 2020, rental housing in Spain had cost an average of 975 euros/month, a fall of 1.52% m-o-m, according to the website pisos.com.

The crisis caused by the coronavirus pandemic is beginning to have a knock-on effect on rental housing. Although there were still price increases compared to the same month last year, small monthly drops are becoming evident, as “monthly payments with some capital are especially difficult to cope with by the families most affected by the health crisis,” the firm stated.

According to a monthly report on rental prices by pisos.com, in July 2020, housing for rent in Spain had an average surface area of 111 square meters and an average monthly rent of 975 euros. This figure marked a m-o-m decline of 1.52%, though rents were still up by 2.74 y-o-y.

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