Price of rented housing in Spain stood at €11.34/m² in August, up 4.7% on August 2022, but down 2.2% on July

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Alphavalue/DIVACONS| The price of rental housing in Spain stood at €11.34/sq m in August, 4.7% higher than in the same month of 2022, but 2.2% lower than in the previous month, making it four consecutive months of declines, according to data from the Fotocasa Real Estate Index. On the other hand, paying rent represents on average 42.67% of the salary of a citizen in Spain in 2023, which is 0.78 percentage points more than the previous year, while the sacrifice needed to pay a mortgage is reduced by half a point in year-on-year rate, to 25.94% this year, according to data from the latest Barometer of Financial Effort of iAhorro.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.