Business · Economy · 4 hrs ago
Landlords with multiple rentals linked to less than a fifth of Spain’s rent rise
A study linked less than a fifth of Spain’s rent rise from 2019 to 2023 to landlords with multiple rental homes.
It used tax records to compare homes rented by owners of two or more properties with those rented by owners of one.
Rental ownership remained widely spread: in 2023, households renting out one home owned 48.2% of the homes in the sample, while those with five or more owned 13.1%.
The study measured rents declared for homes already under contract, not just prices advertised for new rentals, so its figures were lower than those shown by property websites.
Multi-property landlords charged slightly more on average, but their homes could differ in location, condition or contract age.
To make a fairer comparison, the analysis matched similar homes in the same neighbourhood and accounted for size and building and contract age.
The findings add evidence to Spain’s debate over rental rules, which distinguish large property owners, though the provided information does not say what further results or policy steps will follow.
A study linked landlords with multiple rental homes to less than a fifth of Spain’s rent increase between 2019 and 2023.
The analysis by Jorge Galindo for EsadeEcPol used tax data matched with property records.
In 2023, 48.2% of rental homes in the study belonged to households renting out one home, while 13.1% belonged to households with five or more.
After accounting for home and contract characteristics and comparing properties in the same census section, the study found that multi-property landlords’ rents rose more than those of landlords with one rental home.
The study measured rents declared for existing contracts, not just asking prices for new listings.
- Who
- Jorge Galindo, whose analysis was published by EsadeEcPol, examined rents charged by landlords with one or multiple rental homes.
- What
- The analysis linked landlords with multiple rentals to less than a fifth of Spain’s rent rise between 2019 and 2023.
- When
- The period studied was 2019 to 2023. The article was published on 1 November 2026.
- Where
- Spain.
- Why
- The analysis examined whether ownership concentration and differences between landlords were linked to rent increases.
This story does not have two clearly opposing sides.
The study’s comparison period began; multi-landlords accounted for 49.9% of the rental homes in the park.
The comparison period ended; multi-landlords accounted for 51.8% of the rental homes in the park.
Spain’s Housing Law set different rules for large landlords, defined as owners of more than ten homes or, where regional authorities choose, five or more in stressed areas.
El Mundo published its report on the analysis.
- Period studied
- 2019–2023
- Multi-landlord share
- Rose from 49.9% to 51.8% of the rental homes in the park
- Single-home households’ share
- 48.2% in 2023
- Households with five or more rental homes
- 13.1% in 2023
- Average rent, single-home landlords
- €7.4 per square metre per month in 2023
- Average rent, multi-landlords
- €7.9 per square metre per month in 2023