Barcelona and Madrid, in particular, are facing record highs for rental prices, and the average rental price throughout 2017 was 8.8% from the previous year, now totalling 8.15€ per square metre on average across the country. Cataluña, however, saw rents increase by 10.2% to 12.39€ per square metre, and inMadrid, the average rental price per square metre hit 11.43€ with an increase of 6.3% from the previous year. That said, the most recent statistics produced by Idealista, a leading property portal, show that Madrid beats Barcelona in terms of profitability as Madrid has a rental yield of 5.4% and Barcelona of only 4.9%. This is way below the nation’s top of 8.1% in Gran Canaria, but still higher than the north of Spain where yields reach as low as 4.2% in San Sebastian, for example. |