A report published today by Spanish portal idealista has revealed that shared housing stock has risen in the country by 32% in the last year. According to the report, The extraordinary rise in supply has lead to a fall in prices in major Spanish cities such as Barcelona (-6%), Palma de Mallorca (-7%) and Madrid (-3.7%). Although the report does not venture an opinion on the possible causes of the changes in the shared rentals market, there is anecdotal evidence of landlords in Europe abandoning Airbnb for the longer-term rental market. The fact that in recent months many cities have seen their shared rental markets impacted by the complete collapse in demand from foreign students on the popular Erasmus program may also be a contributing factor.
Idealista’s report also delves into the profile of the average shared accommodation renter. Here there is not much change from the average profile in 2019 as renters in 2020 have an average age of 31 across the country, do not smoke, and do not own pets. 70% of rooms for rent were found to be in apartments where occupants were mixed genders, while only 25% were in all-female apartments.