Record after record. Rarely has this word had such a negative connotation. Incasol (Institut Català del Sol) has published the balance of housing prices for the last quarter and, as it has been too long since is happening the price of rent has once again reached an all-time (and shameful) high in the city.
1.193.41 euros, almost 1,200 euros, is the average cost of renting an apartment in the city today. In percentages: 30% more than the minimum wage, or almost 10% more than last year. Or what is the same,more than double what it cost only 10 years ago.
In the usual line, the most expensive districts are Sarrià – Sant Gervasi where rent costs 1,651.79 on average; Les Corts, with an average of 1,388.19 €, and Eixample, with a price of 1,349.88 €.
Only 3 neighborhoods under 1,000 euros
In this uncontrolled upward spiral , only three districts remain (very narrowly) with averages below 1,000 euros. Horta-Guinardó, Nou Barris and Sant Andreu, as was the case in the last balance sheet.
They are also the neighborhoods where has the lowest price increase. In the last five years in Nou Barris and Sant Andreu the increase has remained at just over 19% in both.
when will the cap be applied to the rental price?
The data published by Incasól is from the first quarter of the year, when had not yet been approved the limit to rental prices in Barcelona. The regulation, published in the BOE on March 15, was a shock to the city’s real estate market, but the push for temporary rentals approved by Junts and PSC, mitigated the blow.
Now, we will have to see if the approval of this regulation will stop this rise. According to the Chamber of Urban Property the upward price evolution is explained by several reasons: first of all by inflation and by the larger surface area of rented housing.