Housing rents rose 1.2% in March
Author: Hector
The rental price of housing increased 1.2% in March versus the same month last year, which now totals a year and is encouraged by below inflation, which rose to 3.6% in the third month of the year.
According to the latest data from the INE, the rental price rise in March has not changed over the months of January and February.
These data reflect the stability experienced by the price of rental housing, increasing very slowly since last June, when it grew 0.9%, the lowest rate in the body that collects historical data from 2003.
The rise in rents has been slowing since early 2009, when it exceeded 4% yoy.
Until March 2010, the rental price remained above the CPI, which had taken a turn upward trend in November last year.
For its part, the price of materials for the conservation of dwellings increased by 2.7%, which places this activity in mid-2009 levels, while services for the conservation of buildings grew by 1.4% , which is maintained over the past five months.
For communities, Galicia was where most rental housing is more expensive (1.5%), followed by Catalonia (1.4%), Baleares (1.4%), Andalusia (1.3%), Basque (1 , 3%) and the Canary Islands (1.2%).
Below the average rent is more expensive in Aragon (1.1%), Castilla-La Mancha (1.1%), Comunidad Valenciana (1.1%), Cantabria (1%), Castilla y Leon (1 %) and Madrid (1%), Asturias (0.9%), La Rioja (0.4%), Murcia (0.2%), Extremadura (0.1%), while increased in Ceuta and Melilla 0.9% and 0.1% respectively.
The only autonomous region in which the housing rental price was decreased Navarra, which was 0.4% cheaper to rent a house a year ago.