By Catherine McGeer •
Published: 19 Oct 2024 • 11:11
• 1 minute read
BETWEEN July and September, the cost of renting a home in the Murcia region saw a decline of 8.2 per cent, making it the third-largest drop in Spain, according to Fotocasa s Real Estate Index. With rental prices averaging just €8.75 per square metre, Murcia now has the third-lowest rental prices in the country.
Major Declines: Águilas Sees Drop in Rental Prices
In the province s capital, rental prices decreased by 5.3 per cent compared to the previous quarter but increased by 1.9 per cent year-on-year, reaching an average of €8.52 per square metre. The coastal town of Águilas experienced an astonishing 30 per cent drop from the previous quarter, with prices now at €8.88 per square metre, marking a 23.3 per cent decrease over the past year.
Regional Variations: The Broader Picture of Spain s Rental Market
Overall, Spain witnessed 14 regions experiencing quarterly rental price drops this summer, with notable declines in Cantabria and Cataluña as well. Meanwhile, La Rioja, Navarra, and Castilla-La Mancha saw slight increases, highlighting the varied rental market across the country.
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Written by
Catherine McGeer
I am an Irish writer who has been living in Spain for the past twenty years. My writing centers around the Costa Cálida. As a mother I also write about family life on the coast of Spain and every now and then I try to break down the world of Spanish politics!
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