Rental demand is shifting from capitals to smaller cities
Getafe concentrates the interest of potential tenants over Madrid capital because it has more affordable prices, and Cornellà de Llobregat does the same in Barcelona.
Rising rental prices in Spain have led to a shift in demand from provincial capitals to smaller surrounding cities. This trend is particularly notable in major markets like Madrid, Barcelona, and Valencia, where rental prices have increased significantly. As a result, investors can now achieve higher annual returns in these smaller cities compared to the capitals.
According to data from Idealista, cities like Getafe, Cornellà de Llobregat, and others are seeing increased demand and rising rental prices, driven by factors such as the growth of telework and changing demographics.
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.
