The average cost of renting a home in Spain declined in 2011, as you would expect with property prices falling.
Rental prices fell in 77pc of Spain’s primary rental markets (cities), according to a study by Spanish property portal Idealista.com and the Public Rental Company(SPA).
Rents fell the most in Toledo (-8.7pc) and Oviedo (-6.8pc) but rose in Lleida (+11.2pc), Bilbao (+4.2pc), and Alicante (+4.1pc).
In Spain’s biggest cities, rental prices fell 1.3pc in Madrid, 3.1pc in Barcelona and 4pc in Valencia.
The latest annual rental decline follows a bigger decline in 2010, so the cost of both buying and renting a homes in Spain has been getting cheaper for several years.
The study was based on 38,000 properties listed for rent in the 12 months to the end of December.