Barcelona is now the most expensive place in Spain to rent a home with the best address.
The average cost of renting a flat of 100m2 in Barcelona’s best address Paseo de Gracia is just under €3,000/month.
The study carried out by TecniTasa also reveals that high-end apartments of 100m2 in prime locations of Madrid, Barcelona, Bilbao, Pamplona and San Sebastian, and Marbella costs more than 1,500 €/month to rent, compared to the cheapest districts of Alicante, and Almeria which prices start at 200 €/month.
The second most expensive rental address in Spain is Madrid’s Calle Serrano, which will set you back 2,800 €/month for an apartment of 100m2, average costs at around 2,500 € month to rent an apartment of 100m2 with the best addresses in Marbella.
House prices have fallen faster than rents in recent years, meaning that rental yields have increased in Spain over the course of the crisis.