Business · Companies · 2 hrs ago

Spain’s rental housing supply rose in the third quarter

Spain’s rental housing supply rose in the third quarter

Spain had 683,920 homes available to rent in July through September, up 3.46% from the previous quarter.

The increase came despite uncertainty over two government decrees approved two weeks earlier, including one on indefinite rental contracts that has not yet taken effect.

The supply was still about 10,000 homes below a year earlier, although the figures suggest the recent decline may be easing.

The picture varied by region: Madrid’s supply was nearly unchanged, while Catalonia’s fell 1.5% to 93,489 homes.

The average number of people interested in each rental home over a 10-day period also dipped, from 143 in the second quarter to 133 in the third.

Some renters may be looking outside high-pressure areas, or turning to room rentals, while others may delay or stop searching because affordable homes are scarce.

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El PaísRental Observatory report
the market has moved a little away from the declining trend it showed in previous months
via El País