The Canary Islands was the third autonomous community in which the price of rental housing lowest in August, with respect to the same month of the previous year, with 9.1%, up to a total of 9.01 euros per square meter, according to the monthly rental price report from piso.com.
However, with respect to the previous month, it represented an increase of 2.39%.
By provinces, Santa Cruz de Tenerife (3%) was the second that grew the most in Spain over the month of July while that of Las Palmas (1.24%) contained its rise, although in the interannual variation both fell.
Las Palmas (-11.83%) was the fourth in the ranking of national adjustments, and Santa Cruz de Tenerife (-5.62%) showed an intermediate adjustment.
With 9.32 euros per square meter in August 2021, Las Palmas was the sixth most expensive province in the country, while Santa Cruz de Tenerife, with 8.21 euros, the ninth.
Regarding the Canarian capitals, Santa Cruz de Tenerife (2.57%) was the eighth that rose the most in Spain and Las Palmas de Gran Canaria (2.12%) the eleventh, although from one year to the next, both fell.
Santa Cruz de Tenerife (-0.39%) showed the lightest adjustment in Spain Las Palmas de Gran Canaria (-1.97%) was the seventh least devalued in the country.
In the section of average monthly income, Las Palmas de Gran Canaria (10.97 euros per square meter) was the sixth most expensive in Spain, while Santa Cruz de Tenerife (9 euros) was somewhat more affordable.
In the country as a whole, the average rental price fell by 1.97% in August compared to the same month of the previous year, while at the same time registering a 0.62% rise in the monthly rate, to stand at 9.73 euros per square meter.
“Although living for rent is somewhat cheaper than last year, month by month we see how the monthly payments recover ground,” said the director of Estudios de piso.com, Ferran Font, who did not want to call this slight movement to the rise because there are still variables that push rents to adjustment.
“Until the context normalizes in the main capitals, which are the ones that determine the evolution of this indicator, it is better to be prudent and trust that the movements that occur are progressive,” he indicated.
The monthly report of piso.com reveals that the most expensive regions to rent in August of this year were Madrid (12.49 euros per square meter), the Balearic Islands (11.40 euros) and Catalonia (10.81 euros), while the cheapest incomes were registered in Castilla y León (4.57 euros per square meter), Extremadura (5.36 euros) and Galicia (5.45 euros).
In the last month, the most striking increase took place in Navarra (+ 2.63%), while the greatest adjustment occurred in Cantabria (-3.02%). Compared to last year, Catalonia (+ 8.19%) was the one that increased the most and Asturias (-13.33%) the one that decreased the most.