Spain to extend eviction ban, rental protections by three months – ET RealEstate

MADRID: Spain will extend a series of measures aimed at protecting vulnerable tenants from eviction and rent hikes by three months, Prime Minister Pedro Sanchez said on Wednesday, as the pandemic continues to hurt the economy. “The coalition government is committed to … ensuring the constitutional right to decent housing,” Sanchez, a Socialist, told lawmakers. […]

Rent cap shrinks Catalonia’s rental market, study shows – ET RealEstate

MADRID: A Catalan law capping rents in areas with soaring demand, aimed at making the Spanish region’s residential rental market more affordable is having the opposite effect and shrinking it, a study showed on Thursday. The number of homes available to rent in price-regulated districts dropped 12% from September – when the law took effect […]

Rental supply surges in Madrid and Barcelona – ET RealEstate

MADRID: The number of flats for rent has soared 115% in Madrid and 92% in Barcelona since March, one of Spain‘s largest property portals, Idealista, said on Monday, as tourists vanished from the city centres and some local residents followed suit. Nationwide, the number of flats advertised for rent soared 63% between March and September, […]

Rent falls in Spanish cities as coronavirus boosts demand for space – ET RealEstate

MADRID: Rental prices in Spain‘s major cities fell in July, data from one of the biggest property portals showed on Tuesday, as the coronavirus pandemic drove up interest in less densely-populated areas. Between June and July, rents dropped by an average of 2.5% in Barcelona and 1.7% in Madrid, according to Fotocasa, although they remain […]

Rent in Spain falls for first time in six years amid pandemic – ET RealEstate

MADRID: Rent across Spain slipped 0.2% in the second quarter from the preceding three months, the first price drop in six years as flats once destined for tourists flooded the residential market as a result of the coronavirus pandemic. Data released by online property portal Fotocasa on Thursday also showed rent in the Catalan capital […]