The rents rise above 15% in Barcelona

Barcelona Village
Lujosa Villa Benahavis en España, Con Vistas Panorámicas al Mediterráneo

The new leases are reduced by 10% from a year ago
The price of rents, which had stalled several years, was fired last year and returned before the outbreak of the housing bubble levels. According to statistics handled by the Administrations and industry, revenues grew in Barcelona above 15%. The rise, higher than that recorded the whole of Spain, occurred in all districts of the Catalan capital. According to data from the Generalitat, the middle floor is rented in the city has an area of ​​70.9 square meters and costs 765 euros. This price hike is due to the booming tourist rental market and the revival of the sale, which has slowed the strong expansion of the supply of housing for rent.
The price hit its ceiling rents in the fourth quarter of 2008. According to the statistics of the Generalitat, made from the bonds that home deposit in the Catalan Land Institute (Incasòl), then income reached an average of 12 , 6 euros per square meter. However, the bubble had already counted the days and the rental market is not going to get rid of her or not the recession that was to follow. During successive years rents fell to stand at an average of 10 euros per square meter. And there were virtually stagnant until 2014.
Last year, however, prices not only grew, but soared. The official data indicate the Generalitat and those who collect several real estate portals, where the bulk of the Catalan capital dwellings advertised. According to Incasòl, the average rent in the third quarter was 11.47 euros per square meter, which is 14.5% more than in the same period last year. The Idealist website marks a rise of 23%, while Fotocasa indicates that prices rose in all districts, from Sant Martí (18.7%) to Nou Barris (9%).
“We had years with a negative outlook, but in 2014 we began to see a change in trend. The rent has gone up since then in Spain, but especially in Madrid and Barcelona, ​​”said Beatriz Toribio, responsible for Fotocasa Studies. Toribio explained that the rise in the Catalan capital is due to the “high demand” and the existence of tourist rentals.
Professor of Applied Economics at the University Pompeu Fabra, José García Montalvo, agrees that the rise in Barcelona is well above the rest of Spain. The teacher sees the rise “reasonable”: on the one hand, he says, the demand for rental increases by difficulties in accessing a mortgage on temporary contracts and low pay. Economist and member of the Higher Council of Statistics Julio Rodriguez recalls that people will “to rent” by not “to access the property.” “The most social people in Spain is now the private hire, in the absence of housing policy,” he laments.
Moreover, there are more rental offer that before the crisis, but the “transformation of sale for rent has slowed,” he explains. Professor of Economics at the University of Barcelona Gonzalo Bernardos warns that after the bursting of the bubble many companies and individuals had to rent their homes not by conviction, but by necessity. “Nothing is sold,” he recalls.
However, now the market has revived, particularly in the Catalan capital, so the owners of hundreds of those floors again hang the poster sold. The data support that explanation. In the first three quarters of 2015 29.264 rental contracts were signed in the city, which is 10% less than the same period last year.