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."

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 news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Australia
Rent.com.au Reports Strong Revenue Growth for FY21

Rent.com.au, Australia’s market-leading rental listings marketplace, has reported revenue growth of 26% in its latest financial report to shareholders for...

Read More
Norban Suburban Swedish Houses
A Model for Our Times? We Speak to Adrian Miller, Co-founder of Swedish Marketplace-Brokerage Norban

Sweden is not a market we tend to hear a lot about in the real estate marketing industry. It has...

Read More
Costar Group
Costar Posts Record Revenue in Q3 as It Continues to Make Moves in Residential

American commercial real estate giant and pretender to Zillow's residential throne released its results for the third quarter of the...

Read More
Supercasa Tiles Background Portugal
New Challenger Supercasa.pt Launches in Portugal

Portuguese home hunters now have a new property portal to help them on their journey with the launch of Supercasa.pt....

Read More

Popular News