Rent prices in Spain up in first quarter of 2016

RENTERS are having to dig a little deeper into their pockets this year.

The price of rent has increased by 4.3% during the first quarter of 2016, representing a 5.2% year-on-year increase.

It means the average price per metre-squared is up to €7.40, according to property portal idealista.com.

While Barcelona is the most expensive province in which to rent a home (€12.60/m2 per month), followed by Madrid (€11.5/m2), Jaen is the cheapest at €3.7/m2 per month.

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