How much do rentals cost in the big capitals
The real estate market is booming, fueled by demographic growth, the increase in the cost of materials, and the lack of new construction. In fact, for every three new households in the country, only one home is being built, which drives up tension between supply and demand.
Spain's housing market is experiencing high tension due to a shortage of new construction, leading to a significant gap between supply and demand. The cost of renting has increased three times faster than salaries in recent years, with the average rent now accounting for 39% of a couple's net income. According to data from Idealista, renting is more expensive than buying in most parts of the country, with only four provincial capitals - Madrid, A Coruña, Palma de Mallorca, and San Sebastián - bucking this trend.
The situation varies greatly across regions, with Málaga province imposing the greatest strain on residents, with rent accounting for 58% of net income.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
