Survey of rented housing in Spain 2006 – State Observatory for Rented Housing (OEVA)
This is the first study on the situation of the rental market in Spaincarried out by Ministry of Housing. The statistics with data up to November 2006will be part of the National Statistical Plan and include variables such as theprice, number of rentals and the type of housing and social and economicvariables such as tenant’s age, education and origin.
The survey, which is to be carried out annually, was made during October and November 2006 in 26,995 rented homes throughout Spain. The survey excludes homes rented as second residences, and refers exclusively to rented homes that former usual residence.
According to the study data, the average amount paid to rent a home in Spain was €7.20/m2 if it was rented in the last 12 months and €7.16 if the home was rented in the last two years. This implies a price increase between the two periods of 0.6 per cent.
By regions, the average was exceeded in the last year by Madrid (€11.38/m2),the Basque country (€9.92/m2), Navarre (€7.95/m2), Catalonia (€7.41/m2) and the Canary Islands (€7.30/m2). On the other hand, Galicia had the lowest price in the last year with (€3.29/m2) as an average, followed by Extremadura (€3.91/m2),Castile and Leon (€4.01/m2) and Ceuta and Melilla (€4.29/m2).
The total amount of homes in rented housing in Spain, according to the age of the main person in the household, breaks down into 23.9 per cent for persons aged between 18 and 35, 33.3 per cent between 36 and 50, 22.9 per cent between 51 and 65 and 19.9 per cent over 65.
By: Spanish NFP,