Specifically, the increase in rental prices in Catalonia was 5.67%. In the case of the Community of Madrid, it remained at 1.44%.
Almost fifteen months have passed since the entry into force of the Catalan law that limited rental income in areas known as stressed. Your name? Law of Containment and Moderation of the Price of the Rent. In doors, the state law: the Draft Law for the Right to Housing. But, how has the law that governs Catalonia behaved?
If we review the latest data, in November 2021, the average rental price in Spain was 9.91 euros per square meter. This is 0.41% more than in October, according to piso.com. From November 2020 to November 2021, the drop was 0.08%. And there were only four autonomous communities in which the price grew during the last year: Castilla-La Mancha, Catalonia, the Basque Country and Madrid.
Beyond the growth of Castilla-La Mancha (7.74%), which led the rise, there is another fact that is striking. And it is that the increase in rental prices in Catalonia has quadrupled that of the Community of Madrid.
Specifically, the increase in rental prices in Catalonia was 5.67%. In the case of the Community of Madrid, it remained at 1.44%. Unlike in Catalonia, in the Madrid community there is no law to lower the rent as such.
One could even say what is neither here nor expected, despite the fact that the Council of Ministers has already taken the first steps to implement a Housing Law at the state level. Of course, the municipalities and the autonomous communities governed by the Popular Party (PP) have said that they do not plan to apply it. And it will be these organizations that will end up deciding whether or not to put it into practice.
In the case of the Basque Country, to cite all the autonomies in which there was growth, prices increased by 3.15%. In the rest of the Autonomous Communities, which do not have a specific law, they fell. There it is worth mentioning the case of the Valencian Community, which did 11.11%; Cantabria, 9.76%; La Rioja, 9.57%; and the Region of Murcia, 8.32%.
With all these data, the Community of Madrid continues to be the most expensive for tenants According to piso.com: 12.65 euros per square meter. They are followed by the Balearic Islands (11.37 euros), the Basque Country (10.99 euros), Catalonia (10.98 euros) and the Canary Islands (9.36 euros). The cheapest were Castilla y León (4.53 euros), Extremadura (5.11 euros) and the Region of Murcia (5.42 euros).
Provinces and capitals
These data show that adjustments continue to dominate the rental market. “The power of self-regulation of the lease has been demonstratedalthough perhaps not to the extent of the families’ purchasing power”, says Ferran Font, director of Estudios de piso.com.
Beyond the autonomous communities, and as far as the provinces are concerned, nine lowered their prices by more than 10% in the last year. At the head, Ciudad Real, with 16.06%. They are followed by Alicante, with a fall of 15.29%; Ávila (-13.79%) and Santa Cruz de Tenerife (-13.29%).
On the other side of the scale, the provinces where housing rental prices rose the most during the last year were Guadalajara (14.42%), Almería (9.84%) and Pontevedra (9.46%).
Madrid (12.65 euros per square meter), Barcelona (12.04 euros), the Balearic Islands (11.37 euros), Guipúzcoa (10.98 euros) and Vizcaya (10.16 euros) were the provinces with the highest rental income higher. All of them above 10 euros per square meter. For their part, Cuenca (3.30 euros), Ávila (3.40 euros), Ciudad Real (3.68 euros), Toledo (3.73 euros) and Palencia (3.92 euros) corresponded to the lowest . They did not exceed 4 euros per square meter, like Soria.
Finally, and in the case of the provincial capitals, the most striking increases during the last year were for Lugo (18.84%), Pontevedra (16.68%) and Tarragona (12.76%). accentuated occurred in Logroño (-11.73%), Córdoba (-7.76%) and Ciudad Real (-7.10%).
With everything, the podium of the most expensive rental price is still for Barcelona: 17.22 euros per square meter. Next, San Sebastián and Madrid occupy second and third place, with 16.64 and 15.38 euros, respectively. The cheapest provincial capitals for tenants were Zamora (5.13 euros per square meter), Ciudad Real (5.78 euros), Ourense (5.89 euros), Teruel (5.95 euros) and Cáceres (5. €98).