Decrease in the rental price in Barcelona during the fourth quarter of 2024
In the Third Session of the Rental Regulation Working group of Barcelonathe Housing Metropolitan Observatory (O-HB) presented the semiannual report on the Tensioning Residential Market Zonewith data from the fourth quarter of 2024.
The study, based on figures from the Ministry of Housing, Confirm stability of the tensioning area from the entry into force of the regulations in March. A prominent fact of the report indicates that the average price of new lease contracts He stood in € 1,117.4 per monthwhich means a 1.4% drop Regarding the previous quarter and a accumulated decrease of 6.4% From the first quarter of the year.
This adjustment has been visible in all districts, especially in The Courtswhere the descent was from 8,4%. The number of New signed contracts has also continued to decrease, with 7,656 recordswhich represents a 2.3% less than the previous quarter.
Greater stability in homes
The report associates the decrease in rental rotation to greater residential stability, driven by the Modification of the Urban Lease Law (LAU) of 2019, which extended the minimum duration of the contracts of 3 to 5/7 years.
The Housing Commissioner, Joan Ramon Rierahas positively valued this trend:
“The slightest rotation, that is, that people remain longer in their homes, demonstrates that regulation measures are working. We are protecting 229,000 families market risk, and also We benefit the small owners with tax advantages provided by law ”.
Positive balance and seasonal rental
In all 2024 they were formalized 32,903 new contractsin front of 30,179 contracts completedwhat throws a Positive balance of 2,726 homes for rent. This indicates that, after the entry into force of price control, the Housing Rental Park in Barcelona continues to grow.
On the other hand, the Seasonal rental He has experienced remarkable growth since the beginning of 2023. In the fourth quarter of 2024 they were signed 2,727 contracts of this modalitywhich represents a 26.3% increase. This rebound is linked to Effects of residential rental regulationas to the growing attraction of Barcelona to Digital nomads and short -term stays.
Rebound in the sale of used housing
The report also highlights the good moment of the market of SECOND HOUSE OF SECOND HOUSINGwith a total of 3,734 operations in the last quarter of 2024which is a Increase of 26.2% year -on -year. This boom is associated, in part, to the Lowering of mortgage interest rates During the year.
Rental Working Function
He Barcelona Rental Regulation Working Groupdependent on the city’s social housing council, aims Evaluate and follow the application of the State Housing Law and the impact of the declaration of tensioning zone.
This group produces a Semiannual Report that analyzes the evolution of contracts and rental prices.
Among the group members are representatives of the City Council, political groupsthe Municipal Office of Information to the Consumer, the Ministry of Housing of the Generalitat, the Catalan Agency of Consumption, and the Diputación de Barcelona. Entities of the sector are also part such as the Real Estate Agents Collegehe Illustrious Law Collegehe Rent union, Cohabitacthe Favband the House of Property.
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