Rental prices raising faster than sale prices

RENTAL prices in Spain are rising four times faster than house prices.

New research has shown rental costs have increased on average by 8% in Spain in the first six months of this year. Meanwhile property prices increased by only 2%.

The average price of property stood at 1,263 €/m2 at the end of June.

The report paints a picture of a sustained recovery in the Spanish housing market.

“All the data confirms a path of sustained growth nationally that began several quarters ago, although now more moderate and less intense than in previous quarters,” explains Mr Temmerman, at property consultancy firm Elegant Homes Marbella.

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