{"id":42559,"date":"2023-04-18T09:16:24","date_gmt":"2023-04-18T07:16:24","guid":{"rendered":"https:\/\/mallorcaglobalmag.es\/el-precio-del-alquiler-sube-casi-un-13-en-baleares-en-el-primer-trimestre-del-ano\/"},"modified":"2023-04-18T09:20:51","modified_gmt":"2023-04-18T07:20:51","slug":"the-price-of-rent-rises-by-almost-13-in-the-balearic-islands-in-the-first-quarter-of-the-year","status":"publish","type":"post","link":"https:\/\/mallorcaglobalmag.es\/en\/the-price-of-rent-rises-by-almost-13-in-the-balearic-islands-in-the-first-quarter-of-the-year\/","title":{"rendered":"The price of rent rises by almost 13% in the Balearic Islands in the first quarter of the year"},"content":{"rendered":"<div class=\"traductor-textarea form-group\">\n<div class=\"textarea-desti col-xs-12 col-sm-6\">\n<p><strong>This rise in the price of rent is the sharpest increase in the whole of Spain, according to the real estate portal Fotocasa<\/strong><\/p>\n<p>The price of rent has risen by <strong>12.7% in the Balearic Islands from January to March this year<\/strong>, a figure that, compared to the price of a year ago,<strong> represents an increase of 32%<\/strong>. <strong>This is the sharpest increase in the whole country<\/strong>, according to the real estate portal Fotocasa. This increase means that every month, renters have to pay, on average, 16 euros per square metre. The year-on-year increase is 31.9%.<\/p>\n<h2>Breakdown by municipality<\/h2>\n<p><strong>Palma has experienced an increase in the price of rented housing this quarter of 9.2%<\/strong>, placing the price per square metre at 15.60 euros for the month. As for <strong>Calvi\u00e0<\/strong>, during the first three months of the year there has been an increase of 1% in the rental price compared to the same period in 2020, with a current price of 19.46 euros per square metre for the month.<\/p>\n<h2>State figures<\/h2>\n<p>At the state level, <strong>Spain has closed the first quarter of the year 2023 with a quarterly increase of 4.7%<\/strong> in the price of rent and a year-on-year increase of 9.7%. The average rental price in March was 11.55 euros per square metre, a new maximum price for rented housing.<\/p>\n<p>With this panorama of the rental market, the debate is on the table about the announcement by President Pedro S\u00e1nchez to <strong>mobilise 50,000 Sareb homes for social renting, of which some 450 are in the Balearic Islands<\/strong>. A measure that has to be approved this Tuesday in the Council of Ministers. Most describe the measure as &#8220;purely electioneering&#8221; and warn that it will not solve the rental problem.<\/p>\n<\/div>\n<\/div>\n<div class=\"traductor-checkbox form-group\">\n<div class=\"row hidden visible-lg\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This rise in the price of rent is the sharpest <a href=\"https:\/\/mallorcaglobalmag.es\/en\/the-price-of-rent-rises-by-almost-13-in-the-balearic-islands-in-the-first-quarter-of-the-year\/\"> [&#8230;]<\/a><\/p>\n","protected":false},"author":4,"featured_media":42556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1515,1513,1527],"tags":[],"class_list":["post-42559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-tourism","category-society","category-town-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The price of rent rises by almost 13% in the Balearic Islands in the first quarter of the year - 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