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Rental demand sets its sights on the periphery of large capitals

The high prices of the Spanish rental market, which has pushed rents to their maximum levels in many cities, is moving tenants to the outskirts.

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Rental demand sets its sights on the periphery of large capitals

The high prices of the Spanish rental market, which has pushed rents to their maximum levels in many cities, is moving tenants to the outskirts. This is clear from the latest study published by Idealista, which highlights that peripheral towns have a large stock on the market, with more than 1,400 advertisements between sale and lease. The most sought after municipality to rent an apartment is Barcelona's Hospitalet de Llobregat, where the monthly rent is on average 1,010 euros. They are followed by the Madrid-based Móstoles (872 euros/month) and the Valencian Torrent (1,024 euros/m2). They are a clear example of greater demand pressure on the populations of metropolitan areas than on the capitals themselves.

You just have to see where the capitals of these three cities are located. Barcelona (1,621 euros/month) occupies thirteenth place in the ranking, followed by Madrid (1,418 /month), in fourteenth place, while Valencia (1,183 /month) appears in 17th place.

Still among the top positions are other large populations of metropolitan areas ahead of the capitals. For example, Badalona (1,036 /month), Sabadell (949 /month), Terrassa (849 /month) or Mataró (898 /month) are still ahead of Barcelona. Alcalá de Henares (837 /month) does so ahead of Madrid, or even Reus (727 /month) overtakes Tarragona (838 /month) and Arona (1,155 /month) has greater relative demand than Santa Cruz de Tenerife (898 /month). month).

The only capitals that "compete" with the peripheral municipalities in terms of demand are Vitoria-Gasteiz (950 euros/month), in fifth place, or Palma (1,612 euros/month) in eighth place. In addition to the three largest cities in Spain already mentioned (Madrid, Barcelona and Valencia), other provincial capitals appear below, such as Las Palmas de Gran Canaria (907 /month), Santa Cruz de Tenerife (898 /month) or Tarragona (838 /month), from 18th to 20th place. Behind it, Málaga (1,107 /month), Castellón de la Plana (693 /month) or Zaragoza (711 /month).

Among these locations with greater demand pressure that meet the requirement of having a quarterly stock of more than 1,400 ads, Benahavís (3,345 euros/month), Calvià (3,134 /month) and Marbella (2,915 /month) once again stand out for their prices. ).

In addition, four other towns exceed the average rental price of 2,000 euros: coastal and tourist towns such as Estepona (2,507 /month), Sotogrande (2,484 /month), Castelldefels (2,160 /month) or Sitges (2,029 /month).

Another 29 municipalities are between 1,000 euros and 2,000 euros monthly payment. A variety of locations between provincial capitals, towns on the outskirts of these cities or towns best known for being coastal, tourism and sun areas.

On the opposite side, more affordable rents appear in capitals in the interior of Spain such as Ciudad Real (489 /month), Zamora (498 /month) or Palencia (521 /month), along with cheaper coastal towns such as Algeciras (570 /month), Roquetas de Mar (583 /month) or San Javier (610 /month).

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