Spanish rental prices fall in 2011

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 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.


SPI Member Comments

One thought on “Spanish rental prices fall in 2011

  • Bill Osment says:

    Hi Mark,

    Thanks for keeping me informed of the intricacy of the Spanish property market. I was wondering if there is any other info you may have on rental properties?

    My old house is in a very rural village near Jaen and I seem unable to find info on starting it as a rental business. We’ve owned it for 10 years and have no mortgage but it stands empty for most of the year, which seems a shame.

    I’d be grateful for any pointers.

    Thanks and best wishes,


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