Rents on residential accommodation have risen for the first time since 2008 by 2.5% in Catalonia and by 6.9% in Barcelona
The Catalan Government Ministry of Territory and Sustainability has presented a new tool for citizens to consult the number of rental contracts signed in each municipality and county, as well as the average rents tenants are asked to pay.
This tool is part of the work done by the Government of Catalonia to create a geographical information system (GIS) capable of integrating the territorial data generated by all the government’s ministries. In the case of the Rental Map, the data for drawing it up and for updating it every three months comes from the deposits put down by tenants and held by Incasòl when a new rental contract is signed.
This information has been used to create an interactive map that can be consulted by county and municipality and, in the case of the city of Barcelona, by district. In the second phase, it is expected that for municipalities with populations over 100,000, consultations will also be possible by neighbourhood and that the data covering homes bought and sold will also be included
Rents rise for the first time since 2008
The data used to devise the map show that there has been a rise in rents for the first time since 2008, taking them back up to levels similar to those in 2005 and 2006.
The figures show that in comparison with the first half of 2014, rents rose by 2.5% in Catalonia as a whole during the first six months of 2015 and now stand at an average of 541.50 euros. In the city of Barcelona, they rose by 6.9%, taking the average paid by tenants to 713 euros, while tenants elsewhere in the metropolitan area pay 546 euros a month.
The counties where rents dropped the most in one year, with falls of more than 5%, are Val d’Aran, Pallars Sobirà, Conca de Barberà and Priorat.
In contrast, the number of rental contracts signed is the first indication that the market may be saturated. In the first half of this year, they fell by 4.6% in comparison with the same period in 2014. In the city of Barcelona, the number of rental contracts signed dropped 9.3%.