Valencia had the highest increase in prices in all of Spain since the property crisis.
Rental price increase in Valencia, in last five years, has been a kind of a miracle. If you think that the rental property prices in Valencia are high, you are right! The recent study published by Fotocasa shows that Valencia had the highest increase in prices in all of Spain since the property crisis.
Since 2105 until today, the rental prices in Valencia City have grown 77%. It is by far the highest number in our country. In the second place is Murcia, with 58% increase, Santa Cruz de Tenerife (52%), Malaga (48%), Madrid (47%), Palma de Mallorca (44%), Alicante (41%), Pontavedra (41%), Las Palmas de Gran Canaria (40%) and Castellon de la Plana (40%).
The cities with the lowest rental growth are Ciudad Real (9%), followed by Caceres, Cordoba, Zamora and Salamanca.Comunidad Valenciana also leads the pack when autonomous provinces are analyzed. The prices have gone up by 68% on average, higher than in Catalunya (60%), Madrid (57%) and Canary Islands (56%).
The average rental price increase in all of Spain was 52% over the last five years. In 2015 the average rental price for a square meter was €7,13 while today it is €10,82.