An ever-diminishing supply in the face of demand that is clearly rising: the rental market in Spain has always been the subject of controversy but the retraction in house sales caused by inflation and the rise in mortgage rates is resulting in a troubled rental market that, moreover, is now being “pressured by interventionism”. In terms of the numbers, all this translates into one headline figure: the supply of homes for rent has dropped by 50% in two years.
That is according to the ninth edition of the report on the Residential Rental Market in Spain 2022, prepared by the market research and analysis platform Servihabitat Trends. Specifically, the number of rental homes in Spain fell by 26.8% in 2022 compared to last year, to reach around 67,200 homes. If we consider that the figure amounted to 134,000 in 2020, we are looking at a 50% drop in two years.
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