Pisos.com Releases Rental Report

March 10, 2021
Share this Post: 

Pisos.com has released a report on the current standings of the rental market in Spain for February 2021. The real estate platform stated that the average price for renting a flat in the country has fallen 1.44% year-over-year, with Seville’s average rental price falling the most, year-over-year (17.43%). 

According to Ferran Font, Director of Estudios de pisos.com: 

"This is an expected trend that has hit the most stressed markets squarely.” 

A spokesperson for piso.com explained:

"Although prices already began to self-regulate at the end of 2019, the year of COVID-19 has caused the decreases to gain momentum.

“It [time between a listing appearing on and off the market] has not grown dramatically, but we can ensure that the procedures are somewhat longer, given that the solvency of the tenant is verified in greater detail in these moments of labor instability.”

Font further explains that the market is seeing renters leaving the bigger metro areas for outskirts, due to not needing to live near their jobs, wanting more space, or wanting more isolation-- all reasons people around the world are moving thanks to the COVID crisis. 

“On the one hand, we have the transfer of tenants to peripheral areas, where for an equal or even lower monthly payment, you get more surface, outdoor spaces, or community areas that were not previously enjoyed. On the other hand, we have properties that previously belonged to tourist rental, as well as those whose owners have decided to turn to residential rental after trying to sell them without success for a price that now the demand is not willing to assume.”

With the looming Housing Law pertaining to renting within the country, Font said:

“The Government partners do not agree on key aspects such as the limitation of rental prices, which translates into uncertainty for all those who operate in this business."

Read more

March 10, 2021
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick