George Mathias
HOMES to rent in Spain are in increasingly short supply, according to property giant Idealista.
The property listing portal found the supply of rental housing had fallen by 37% during the first quarter of 2022 compared with last year.
Photo: Grupo Terrasun.
In Granada, the number of lettings available has plummeted a whopping 64% from a year earlier while Girona has seen a similar drop (62%).
Both Sevilla and Malaga have have seen a drop of 50% in the number of houses available to rent
The only places to buck this trend were the provinces of Palencia, which saw rental housing availability increase by a quarter, followed by Huesca (14%) and Soria (7%).
Idealista said: “Most Spanish capitals now have far fewer rental homes than there were a year ago. At the provincial level, the situation has been similar in the last year. Granada registers the greatest drop in supply, followed by Barcelona and Santa Cruz de Tenerife.”
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Very unsurprising when people outside of Spain are buying up apartments and homes to use as holiday rentals. The Costa del Sol holiday rentals make it almost impossible to find a long-term rental.