The price per square meter rent in Barcelona breaks records
The price already reaches 16.1 euros per square meter, according to the report of the real estate portal Idealistic.
The price of housing rents in the Catalan capital has not only soared in recent months, after the lethargy caused by the housing crisis. In fact, they are reaching record highs. The statistics of Administrations and the sector indicate that the value per square meter price has already exceeded pre-crisis, boosted by annual increases of 12.7% in the last year according to the most conservative estimates. The real estate portal Idealistic report notes that the price already reaches 16.1 euros per square meter. The Generalitat is fixed at 11.57 euros. The rise is explained by the pressure of holiday rental, even though the moratorium on licenses, and livelier trading market.
The report of the real estate portal shows a variation of 22.45% in Barcelona. In the second quarter last year per square meter in the Catalan capital it had an average price of 13.20 euros. The historical series of Idealistic shows that the ceiling had been reached in the fourth quarter of 2008, with an average price of 15.1 euros. This study was performed from the database of homes offered on the website.
Fotocasa, which also carries its own statistics, figure the average price per square meter of housing in 13.16 euros in the last 12 months. It is a similar price that was paid in 2009 and the best record in two years. If registered in June compared prices both years, the increase is 17.41%.
The statistics of the Generalitat shows a more conservative figures but also draw the same trend. In the first quarter of this year, the latest available data, the average price of square meter in the Catalan capital was 11.57 euros. These are levels not seen for six years. Data from the Ministry of Housing Department of the Interior come from the analysis of the bonds that home deposit in the Catalan Land Institute (Incasòl). According to these records, the annual change shows an increase of 12.7%.
Gràcia, the biggest rise
According to the Idealist analysis, Ciutat Vella Barcelona remains the district with the most expensive square meter (18.3 euros) and in June of this year equaled its record, the second quarter of 2007. This is a trend also certify data Catalan government: according to statistics Incasòl in the first quarter of the year per square meter in the old stood at the 13.28 euros, a price slightly lower than the same period of 2008.
Gràcia, Sant Martí and Sarrià-Sant Gervasi also broke with the ceiling price according to the analysis of the real estate portal. In fact, Gràcia prices were by far the biggest gainers (31%), followed by the Eixample (24%) and Sants-Montjuïc (22.7%).
Government data show a different picture, in which the highest annual increases in prices per square meter are presented in Les Corts (19,50%), Sarria (18.9%) and Eixample (13.74%). According to figures from the Catalan government, Gràcia would be below the average (11%).
Experts agree that the situation is particularly Barcelona, especially for the high demand. In Madrid, in comparison, the annual increase of price per square meter was lower, 12.2%.
"The peculiar situation of housing for sale, with prices still adjusting in many markets and interest at historic lows, making the current an enabling environment for small and medium time savers to invest in brick, getting good returns and grow the housing hire, "says Fernando Encinar, head of research at Idealistic.
In fact, animation housing market is having its effect on the number of leases being signed. According to data from the Ministry of Housing, in 2015 a total of 40,623 leases in Barcelona, a reduction of 8% over the same period of 2014. In the first quarter of this year were closed have signed a total of 10,014 contracts.
PRICES RISE IN ALL CATALONIA 21%
The real estate portal Idealistic analyzes its offer in a total of 13 municipalities to determine the price of housing in Catalonia. In June this year, the average square meter was at 11.80 euros, 21% higher compared to the same period last year.
Lleida was the only province in which the price fell (-3%). The sharpest increases were in Barcelona and Girona, where the value per square meter rose 24.6% and 12.1% respectively. In Tarragona was only 6.7%.
After Barcelona, Sant Cugat is Catalan internaual municipality with greater variation in price per square meter of housing. Values there rose a fifth. In the list followed by L'Hospitalet de Llobregat, Mataro and Girona capital.
According to figures from the Ministry of Housing of the Generalitat, the average rent in Catalonia stands at 569.79 euros per month. This is an increase of almost 5% for the first quarter of this year compared to the same period of 2015.