LOGROÑO, Feb. 17 (EUROPA PRESS) –
According to the monthly rental price report from apartments.com, the typical rental apartment in La Rioja registered an average price of 4.35 euros per square meter in January 2024, which represented a monthly increase of 2.82 percent , the sixth most intense in the country. Compared to January 2023, the cut was -18.99 percent, the most striking in Spain.
La Rioja was the region with the most affordable monthly payment for tenants, ahead of Castilla y León (4.89 euros/square meter), among others. For its part, the typical rental apartment in Spain had an average price per square meter of 11.22 euros in January 2024. This figure showed a monthly increase of 0.90 percent. In the year-on-year comparison, it grew by 7.78 percent.
Rental prices continue to make it difficult for demand, which “sees how what the owners are asking for is far above their debt capacity, forcing them to expand their search to areas that do not fit with what they had in mind or to settle for lower floors.” small or outdated”, as explained by Ferran Font, director of Estudio des piso.com.
For the expert, the main problem lies in the supply: “The current availability leaves much to be desired, since not only is it scarce, but its quality is not the best,” adding that, “this situation prevents growth in comfort as an established tenant, while retaining the youngest in their parents’ home because the task of emancipation requires an enormous effort that is not rewarded, since they do not even obtain the desired habitability conditions.
Font values that “the private initiative is focusing on new housing formulas such as flexible accommodation, which is committed to all-inclusive and community living, in addition to opening the door to professionally managed rentals.” However, the spokesperson for the real estate portal insists that “flex living cannot be the only alternative”, pointing out that “the foundations must be laid for a strong and competitive residential rental, with stable regulations and taxation regardless of the political ups and downs, in addition to enabling the move towards buying and selling with more production of new construction.
In January 2024, Logroño set an average rental price of 8.69 euros per square meter, placing it among the most affordable capitals in Spain. The capital of Rioja registered an increase of 2.74 percent compared to December 2023, the sixth most intense in the country. From one year to the next, it appreciated 8.44 percent.
