Rise in cost of renting a home is double inflation

13th October 2006, Comments 0 comments

13 October 2006 , MADRID — The cost of renting a home in Spain has risen by 4.3 percent over the past year, according to the latest figures.

13 October 2006

MADRID — The cost of renting a home in Spain has risen by 4.3 percent over the past year, according to the latest figures.

The National Institute of Statistics said tenants had seen their rents go up by an average of 0.2 percent in September alone.

Over the past 12 months, the price of renting a villa or a flat has gone up 4.3 overall.

Since the start of this year alone, they have risen by 3.4 percent.

This represents a rise which is double the rate of inflation in the past nine months – or 1.7 percent. 

The main reason for increase in rents has been the overall rise in the cost of maintaining homes.

Home owners have seen these prices rise 5.2 percent in the past year and rents have followed suit.

These costs include home insurance and maintenance of the property.

[Copyright EFE with Expatica]

Subject: Spanish news

 

13 October 2006

MADRID — The cost of renting a home in Spain has risen by 4.3 percent over the past year, according to the latest figures.

The National Institute of Statistics said tenants had seen their rents go up by an average of 0.2 percent in September alone.

Over the past 12 months, the price of renting a villa or a flat has gone up 4.3 overall.

Since the start of this year alone, they have risen by 3.4 percent.

This represents a rise which is double the rate of inflation in the past nine months – or 1.7 percent. 

The main reason for increase in rents has been the overall rise in the cost of maintaining homes.

Home owners have seen these prices rise 5.2 percent in the past year and rents have followed suit.

These costs include home insurance and maintenance of the property.

[Copyright EFE with Expatica]

Subject: Spanish news

 

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