The rental price in Spain reached its historic maximum in all the autonomous communities between December of 2006 and August of 2008. And now Catalonia and Barcelona have exceeded the maximum rental prices.
According to the latest analysis carried out by the Fotocasa real estate portal, Catalonia was the second autonomous community to register its historic maximum in May 2007 with a price of 12.44€ / m2 per month. It succeeded to the Canary Islands which reached in December 2006 the price of 7.64€ / m2 per month. And it preceeded the Comunitat Valenciana which in June 2007 reached 8.11€ / m2 per month.
“The price of rents is normalizing after the strong rises we experienced in 2017 and a good part of 2018, which led to exceeding the highs recorded of ten years ago in some areas of the country. Now this situation is stabilizing, although we continue to register tensions in some capitals and tourist enclaves, as well as in the outskirts of large cities, “explains Beatriz Toribio, director of Estudios de Fotocasa.
Catalonia exceed the maximum in 2018
The analysis of Fotocasa reveals that four communities have already reached the maximum rental price they had recorded during the years 2006 and 2007. In particular, Catalonia exceeded in January 2018 the maximum price of May 2007. It reached 12.88 € / m2 per month.
Five provinces have already exceeded the maximum prices
As for the provinces, Barcelona is one of the five that have exceeded in 2018 the maximum prices. Barcelona exceeded the maximum in January 2018 with 14.31€ / m2.
Six cities have exceeded maximums in 2018
As for the cities, six of them have exceeded the maximum prices of the years 2007 – 2008 in 2018. Specifically, Barcelona surpassed the price in January 2018 by locating the rent price at 16.26€ / m2 per month.