Property Long Term Rental Prices Continue to Fall in 2015-2016

According to the latest Consumer Price Index (CPI) figures published by the National Statistics recently, the average price of rental housing in Spain fell by -0.4% in December last year, compared to the same month in 2014.

The latest December figure showing, the price of rental housing has now accumulated 33 consecutive months of declines, and stands four-tenths below the general CPI (0.0%).

Month-on-month, rental housing prices remained stable, placing the accumulated figure for the period from January to December at a decline of -0.3%.

The most pronounced declines in rental housing prices were registered in La Rioja (-1.8%), Castilla y León (-0.9%), Madrid (-0.8%) and Extremadura (-0.8%), followed by Castilla-La Mancha (-0.7%), Asturias (-0.7%), Valencia (-0.7%), Andalucía (-0.5%) and Cantabria (-0.5%).

Moreover, El Mundo reported that Aragón registered a decline the same as the national average (-0.4%), while the Basque Country, Murcia and Ceuta each registered a decline of -0.2%.