Rent in Spain rises 5.6% in October, according to idealista
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The price of rental housing in Spain rose again in October. According to the real estate portal idealista, the average cost of renting a home increased by 5.6% compared with the same month of the previous year. In October, the average price reached 15.1 euros per square metre per month.
This increase directly affects millions of people who rent their homes in the country. For many families, paying the monthly rent is one of the most significant expenses in their budget. The data show that rent continues to rise, although the pace of increase may vary by area and type of property.
Experts point out that the shortage of rental flats and high demand are factors influencing the evolution of prices. However, the report does not detail in the available summary all the causes of this rise or the differences between autonomous communities.
In short, renting in Spain remains more expensive than last year. The idealista data offer an important reference for understanding the state of the housing market and for planning the purchase or rental of a flat.
Sources: Demócrata
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