'fotocasa'

Price of one flat in Barcelona is equivalent to two of same size in 40 Spanish provincial capitals

The annual report from real estate agency ‘Fotocasa’ revealed that in 2016 Barcelona topped the ranking of rent prices in the whole of Spain. The high levels of tourism and the rotation of those professionals who work for multinational companies and set up temporarily in the Catalan capital contributed to this rise. On average, renting in Barcelona costs 15.16 euros per square metre, which is 13.7% more than last year. Moreover, it is the first time in the historic series that the rent prices exceed those registered before the economic crisis in 2007. Renting in Catalonia was 14.6% more expensive in 2016 than in the previous year, a figure which is higher than the Spanish average.