AFFORDABLE: Rentals in Alicante cost under €2.5 per square metre

ALICANTE is among the cheapest cities in Spain in which to rent a property, a report has found.

Appraisal company TecniTasa found that Alicante, Elche, Castellon de la Plana, Almeria and Huelva were the most economic places for renting properties, based on price per square metre.

Barcelona was the city with the highest rent, where properties on the central Paseo de Gracia can charge €36 per square metre.

The report estimated that a property of 150 square metres would therefore cost €5,400 per month on Barcelona’s priciest strip—which is €150 more than the same property on Madrid’s Calle de Serrano, where rents can soar up to €35 per square metre.

The next-most-expensive cities in Spain were Marbella and Malaga, where rents are €22 per square metre, followed by San Sebastian, where they are €21 per square metre, and Las Palmas de Gran Canaria, where they are €20 per square metre.

Alicante, by contrast, boasts a humble rental price of below €2.5 per square metre.

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