Rental prices in Spain surged by 11.5% in 2024, marking the highest annual increase on record, according to a report by Idealista, one of Spain’s leading real estate platforms. The sharp rise reflects mounting challenges in the nation’s housing market, where demand continues to outstrip supply.
New Record Average: €12.2 Per Square Meter
The national average monthly rent now stands at €12.2 per square meter, the highest figure ever recorded by Idealista. The upward trend was observed across nearly all regions, underscoring widespread affordability concerns for tenants.
31 Spanish Capitals Hit Record Rental Prices in 2024
A total of 31 Spanish provincial capitals recorded their highest-ever rental prices during
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