The supply of rental housing in Spain has fallen by 28% over the past four years, if we compare data for the first quarter of 2019 with data for the same period in 2023, writes Idealista.
The largest reduction in apartments and houses for rent was recorded in Cuenca (-59%). This is followed by Barcelona (-51%), Pontevedra (-48%), Valencia (-45%), Madrid (-44%). Ceuta (-41%), Ciudad Real and Guadalajara (-39% in both cases), San Sebastian (-35%), Alicante (-33%), Malaga (-33%), Seville (-28%), Bilbao (-24%).
In the city of Castellon de la Plana, the market remained the same as it was 4 years ago, and in 10 more provincial capitals, on the contrary, the supply increased. The largest growth occurred in the cities of Huesca (122%) and Cordova (101%). They are followed by Palencia (83%), Jaen (56%), Teruel (34%), Valladolid (21%), Salamanca (8%), Pamplona (6%) and Lugo (2%).
If we consider autonomous communities, the biggest shortage of real estate for rent is observed in Madrid and Catalonia (-41% compared to 2019). Next are Cantabria (-31%), Galicia (-29%), Castile-La Mancha, Basque Country (-25%), Canary Islands (-22%), Valencian Community (-21%) and Extremadura (-20%), Balearic Islands (-16%), Murcia (-15%), Andalusia (-13%) and Asturias (-12%).
