Rental rates are on the rise on the Spanish residential market, increasing by an average of 4.5 percent over the last 12 months, according to Fotocasa.es. The average rent in Spain was €7.29/sqm at the end of April, up 0.8 percent from the month. Barcelona, Madrid and Balearics reported the steepest increases. However, the country’s most expensive rental market is Catalonia where the average price is €10.22/sqm/month, followed by Basque Country in northern Spain, where the average price €10.15/sqm/month.
