Demand for shared apartments rises 36% from March to May

Spanish Property Insight Forums Spanish Property Forums Real Estate Topics, News & Discussion​ Demand for shared apartments rises 36% from March to May

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    SPI News Feed

    According to the lettings website, Easypiso, from March to May 2013 there has been a 36% rise in demand for shared apartments in Spain. This has been driven by increased demand from students as well as professionals with rises of 32% and 21% respectively.

    The supply side has responded and there has been a 10% increase in the number of rooms available to rent in shared apartments in the same period. The rise in supply is due to the fact that this is one of the few sectors in the Spanish property market showing signs of growth.

    This growth is being achieved despite the rise in the average cost of renting a room which went up from 265 euros/month in March to 275 euros/month in April, a level at which it has since stayed.

    Demand for rooms in shared apartments has seen a
    large increase from March to May

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