The rental market in Spain has been experiencing four years of continuous price growth, exceeding 10 euros per square metre before the pandemic. At that point, there has been a clear slowdown in the main indicators of this market: price per square metre, demand, average ticket, gross profitability, etc.
In the last four quarters, the price per square metre has stabilised at around €10, according to data extracted from the real estate big data platform Brainsre.
In the case of the total amount (or average ticket), the pandemic caused a drop to €954 from the highs of the first quarter of 2020, where it reached €1,084/month. However, a recovery began in the second quarter of this year, up to 962 euros, though still below that of 2019.