Economy
Rent in L'Hospitalet Falls by 254 Euros a Month, But Remains at 1,428 Euros
L'Hospitalet de Llobregat leads the drop in rent in Spain with a decrease of 254 euros a month, yet the average price remains at 1,428 euros.
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Housing prices in Spain increased by 15.6% year-on-year in August, reaching €3,166/m². The trend continues for 70 consecutive months.
L'Hospitalet de Llobregat leads the drop in rent in Spain with a decrease of 254 euros a month, yet the average price remains at 1,428 euros.
Vélez-Málaga is among the coastal municipalities with the highest housing price increases, while others remain below €1,300 per square metre.
Marbella, Estepona and Fuengirola exceed €5,000 per square metre, with increases of up to 107% in five years, according to Fotocasa.
New rental homes enter the market at prices 16.6% higher, according to the Bank of Spain, accelerating the rental crisis.