The rents have dropped between 15% and 30% in some English regions since 2005, a percentage that could be higher as advances 2011, which are expected to continue downward in cities such as Madrid, Barcelona or Zaragoza, according to a report by the Professional Association Expert Real Estate (AOSIS).
The study also highlights that the supply of rentals in Spain has risen to 300% in some English regions and insists that although the culture of renting does not have the roots of other European countries socioeconomic factors have made to recover the rent as a temporary step to buying a home.
On the other hand, stresses that in some communities such as Madrid, demand outstrips supply in towns such as San MartÃn de Valdeiglesias and Navas del Rey, which since 2007 have seen their prices by 20% 25%.
Compared to other communities such as Catalonia, the analysis points out that in Barcelona city prices have adjusted downward, with decreases of up to 20%, except in the luxury segment, and emphasizes that the city has increased "significantly" the supply over the past five years, while it has improved the quality of the leases.
In cities such as Zaragoza, the organization ensures that the rent has been a sort of "lifeline" for real estate agencies, since it is estimated that there are about 30,000 empty flats and the sale is very stop.
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Finally, the report notes that cities such as Seville or San Sebastian continue to have prices "too high" for rent and should experience a long journey down to fit the market reality.
Source: Europapress.es
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