Rental prices don’t stop in Spain. A total of 14 autonomous communities have passed in the first half of 2023 the maximum historical rental price registered in the years of the housing bubble, according to data from a study published by Fotocasa.
The maximum prices per square meter per community registered in June 2023 range from 17.16 euros, with the Balearic Islands being the most expensive community and Extremadura the cheapest with 6.36 euros.
Although in 2022 there were already two other autonomous communities that crossed the line of maximum prices, which adds up to a total of 16 regions that have reached the maximum rental prices in the country. These were Asturias with 8.68 euros and La Rioja with 8.40.
Only Aragon and Castilla-La Manchahave not reached the maximum historical prices registered in the years of the housing bubblespecifically in June 2008 and November 2007 respectively, according to the study.
In June 2023Therefore, the communities of the Balearic Islands, the Canary Islands, Cantabria, Castilla y León, Catalonia, the Valencian Community, Extremadura, Galicia, Madrid, the Basque Country and Murcia reached the maximum historical price in the rental market. Andalusia and Navarra reached it in May 2023.