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Rental prices in Calvia explode in summer


Rental prices in Calvia explode in summer

Rental prices for apartments in coastal areas have doubled or even tripled in the last ten years.to over 20 euros per square meter per month in areas such as Calvia (Mallorca) with 22.36 euros per square meter per month, Barcelona city with 22.19 euros, Sitges (Barcelona) with 21.39 euros and San Bartolomé de Tirajana (Las Palmas) with 20.03 euros are the municipalities with the highest rental prices in the country.

According to data from the Fotocasa real estate index, the price per square meter is currently below 8 euros per month only in the cities of Burriana (7.01 euros), Ferrol (7.53 euros) and Elche (7.75 euros).
“Coastal communities have high rental prices due to several key factors. First, their Tourist attraction creates a constant and high demand from both tourists and temporary residents. In addition, the supply of properties in these areas is limited, which increases competition among potential tenants,” explains María Matos, research director and spokesperson for Fotocasa.

The growing interest in renting a house on the coast of Spain has meant that 55% of the coastal cities analyzed by Fotocasa have prices above the Spanish average, which stands at 12.65 euros per square meter per month in June 2024. To CalviaBarcelona city, Sitges and San Bartolomé de Tirajana, the most expensive coastal towns are Laredo (19.51 euros), Donostia – San Sebastián (19.49 euros), L’Hospitalet de Llobregat (19.34 euros), Sanxenxo (18.16 euros), Palma de Mallorca (17.98 euros), Arona (17.47 euros), Vilanova I la Geltrú (17.43 euros), Alboraya (17.37 euros), Benidorm (17.28 euros), Torremolinos (17.11 euros) and Marbella (17.02 euros).

On the other hand cheapest coastal communities to Burriana, Ferrol and Elche are: Algeciras (8.19 euros), Roquetas de Mar (8.21 euros), Castellón de la Plana (8.30 euros), Vilagarcía de Arousa (8.62 euros), Sagunto (8 .63 euros), Pontevedra Capital (8.80 euros). ), Barbate (8.81 euros), Cartagena (8.86 euros), Vera (8.94 euros), Huelva capital (8.94 euros), Puerto Real (9.02 euros) and Almería (9.12 Euro).

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