92% of tenants in Spain believe that rental prices in 2024 are ‘expensive’ or ‘very expensive’, a figure slightly lower than the 93% in 2023, according to the report ‘Rental experience in 2024’, prepared by the real estate portal Fotocasa.
92% of tenants in Spain believes that rental prices in 2024 are ‘expensive’ or ‘very expensive’, a figure slightly lower than the 93% in 2023, according to the report ‘Rental experience in 2024’, prepared by the real estate portal Fotocasa.
Specifically, in 2024 they are the 77% of plaintiffs who believe that prices are too expensive, one percentage point more than the previous year, when it had already increased by another four points compared to 2022.
For their part, those who simply consider these prices ‘expensive’ stand at 15%, two points less than in 2023.” This means that the perception continues “turning from the feeling of slight increase in cost to that of an increasingly extreme situation”is highlighted in the report.
If we look closer at the analysis by age groups, it is observed that from the age of 25 onwards the perception of higher prices in rental housing increases. So, while before that age those who consider it very expensive are only 61% (five percentage points less than in 2023), from 25 onwards the figure rises to 79%, to approximately maintain this record in the rest of the groups. In this sense, the highest figure is reached between 45 and 54 years old, where this opinion reaches 84%.
Another question posed to tenants in the Fotocasa survey has to do with their perspective regarding the evolution of prices. Thus, eight out of ten consulted believe that prices will continue to rise. This 80% is the same percentage as the previous year, although with a slight upward trend. For their part, 17% believe that rates are more or less stable, while only 3% predict that they will tend to decrease.
76% of tenants predict an increasing evolution of prices They believe that it is the factor that has the most impact on their forecast. Another significant percentage (69%) relates it to the increase in demand and 67% to the shortage of supply.
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