Holiday rental prices down 10pc in coastal areas
Renting a holiday apartment this August on the beach in Spain will work on 10% cheaper on average than last year, according to data from real estate consultants Tecnitasa.
Barcelona rental prices fall 2pc in Q1
Rental prices in Barcelona have started to go the way of property prices, falling an average of 2% in the first quarter of the year, from 1,081 Euros/m2 at the end of 2008 to 1,060 Euros/m2 at the end of March, according to a report from Barcelona’s Chamber of Residential Property (Cambra de la Propietat [...]
Spanish rental prices fall 8% in 2008
Rental prices fell 8% on average in 2008, whilst the supply of properties for rent surged by 300,000 homes in response to plunging property sales, according to a recent article in the Spanish daily ‘Publico’. Renting is not popular in Spain, at least when it comes to primary residencies. Just 10% of Spanish families live [...]
Costa Brava holiday lettings fall 60%
Tourist rental occupancy rates on the Costa Brava have fallen “drastically” over the last 4 months, according to the Tourist Apartments Association of Girona Province (ATA). Josep Comaposada, President of ATA, says that bookings of holiday properties on the coast were down 60% over weekends and public holidays in January. “We were used to very [...]
Residential rents in Barcelona start to fall
After rising 63% between 2002 and 2007, residential rents in Barcelona stagnated, and even fell slightly in the last 6 months of 2008, according to figures from Barcelona’s town hall. In 2003, the average flat for rent in Barcelona had 92m2 and cost 884 Euros/month. Today, the average flat has 75m2, and costs 1,096 Euros [...]
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