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Spain's Rents Jump 9.9% Year Over Year as Vigo Hits a New High

Vigo studies rent caps after a city report found it qualifies for a tensioned-area designation.

Overview

  • November data from Idealista put Spain’s average rent at €14.6 per square metre, a 9.9% annual increase.
  • Murcia recorded a 9.3% year-on-year rise, ranking among the strongest regional gains in the country.
  • Vigo set a local record at €11 per square metre, up 8% in a year and rising faster than several larger cities.
  • Rents climbed over the past year in 49 provinces, with only Cáceres declining, while Ciudad Real, Zamora, Lugo and Guadalajara posted the sharpest increases.
  • Local groups warn of worsening affordability and business competitiveness, as Vigo also advances measures such as activating vacant homes, expanding public housing and curbing tourist rentals.