The price limitation policies for rentals that the Catalan Executive has established in recent months have caused tenants to stay longer in the home, reaching a minimum average stay of between 8 months and 2 years. According to the latest study carried out by the company Alquiler Seguros, twelve of the autonomous communities analyzed have a much lower average than in the province of Barcelona.
The Catalan Government published in 2020 the Catalan Rental Lawwhich has produced a reduction in the stock of rental housing, standing at 57% in the last year. The first affected are the tenants and owners since this decrease in supply directly affects tenants when it comes to changing homes. Besides, As a result, real estate rentals have become more expensive. in the last year.
as it points Antonio Carroza, President of Alquiler Seguro: “There were many tenants who left their rental properties which, together with the transfer of homes from the tourist market to the residential market, caused the stock of available homes to be greater”. The study of the company Rent Insurance aims to analyze the evolution of the rental market during 2022 through 12 key provinces: La Coruña, Álava, Alicante, Barcelona, Las Palmas, Madrid, Málaga, Murcia, Seville, Valencia, Vizcaya and Zaragoza.
The data obtained reflect that Barcelona becomes the first province with the greatest difficulty when looking for a home. Next is Valencia, the average tenure of tenants is 2 years and 4 months and in Madrid from 2 years to 3 months. On the opposite side is the province of Malaga with 1 year and 8 months, Las Palmas, 1 year and 9 months, Alicante, 1 year and 10 months and Álava with 1 year and 11 months.
The time in promotion is reduced
According to the latest ‘Radiography of the Rental Market 2022’, the time variation varies depending on the property development. After the analysis of three provinces, it has been obtained that time is reduced by more than 3 daysgoing from 56 in 2021 to 52.2 this year.
Housing rental in Spain.
Saragossa and Seville they are the only provinces that break with these data, standing between 57 and 59 days where it grows up to 7 and 4 days to rent a home. In La Coruña the average remains at 53 days. Promotion times in the rest of the provinces are Murcia (60 days), Malaga (58 days), Vizcaya (56 days), Alicante (55 days), La Palmas (51 days), Valencia (48 days), Barcelona (47 days). ), Madrid (44 days) and Álava (39 days), the latter being the territory in which the properties on offer spend the least time.
The type of home or location are some of the factors that can alter this data. According to the Safe Rental study, the analyzed home was a 80m2 buildingtwo, with 3 bedrooms and a bathroom. On the other hand, smaller homes were recorded in Vizcaya with 72mtwo2 bedrooms and a bathroom and in Barcelona and Zaragoza there are homes with 72mtwo.
The market stabilizes
According to the IMAV (Housing Rental Market Index), an average that relates the supply of rental housing with the active searches of tenants is location. This factor ends up producing a rise in the rental price in all the cities analyzed.
Of the 12 provinces analyzed, none are inside the bear market (IMAV with a value between 0.6 and 0.8). For this reason, the provinces analyzed present a balanced market, where there is a certain balance between supply and demand, as is the case of Las Palmas, Valencia, Seville or Malaga.
Rental Insurance Foundation
The foundation is born with the objective of integrating and managing all solidarity efforts that Alquiler Seguros Grupo has been carrying out since its inception with special sensitivity in housing solutions for people at risk of social exclusion.
Esperanza Aguirre in a presentation of Rent Insurance.
From the association they try to offer all their knowledge in the real estate sector to analyze, detect and provide a solution to people who are in a bad situation. Advice on home economics, rapid intervention to avoid the stigma of delinquency and direct aidare some of the sources of support offered by the foundation for the most disadvantaged. “Facilitating access to and permanence in rental housing for families with social difficulties is a moral imperative for Rent Security”, he points out. Sergio Gargallodirector of the Secure Rental Foundation.