Barcelona, July 23, 2024 – Barcelona’s real estate market continues to evolve, and one of the most notable trends for the coming year is the significant increase in demand for room rentals.
This modality has established itself as a key solution for students and young professionals looking for more affordable housing options.
The rise in rental prices in Barcelona has been a constant in recent years.
In 2023, rental prices in the city increased by 17%, standing at an average of €20.4 per square meter.
This upward trend, driven by high demand and limited supply, is expected to continue to persist in 2025.
At Fincas Castellà Metons, we note that this scenario is leading more people to opt for renting rooms rather than entire homes, as an economical and practical alternative.
The need for affordable housing is particularly acute among students and young professionals arriving in Barcelona each year.
According to Fincas Castellà Metons, the demand for room rentals is expected to increase by up to 20% by the end of 2024 and they point out that sharing accommodation has become a main way for young people to emancipate themselves or continue their studies outside the family home, especially in large cities.
The impact of the new Housing Law, which limits annual rent increases to 3% and establishes stress zones with additional measures to control prices, has also played a crucial role in this change.
These regulations have prompted many landlords to look for other types of rentals, such as room rentals or temporary rentals.
At Fincas Castellà Metons, we believe that this regulation, although well intentioned, has had the side effect of increasing the supply of rooms or seasonal apartments for rent.
In addition, profitability is a determining factor for owners.
Many are preferring to allocate their properties to seasonal or room rentals because of the higher profitability compared to long-term rentals.
This trend has reduced the availability of housing for traditional rentals, exacerbating the demand for rooms in shared apartments.
At Fincas Castellà Metons, we advise owners to carefully evaluate their options, considering both the profitability and stability that different types of rentals can offer.
As for the outlook, booming demand and a robust real estate market in Barcelona may continue to drive rental prices, as more people move to the city in search of job opportunities.
In addition, factors such as foreign investment and the development of urban infrastructure play an important role in the dynamics of the real estate market.
At Fincas Castellà Metons, we are attentive to these factors in order to be able to offer the best recommendations to our investor clients.
The combination of limited supply, high demand and new housing regulations portends a 2024 where room rentals will continue to gain popularity.
At Fincas Castellà Metons, we are committed to adapting to these trends and offering solutions that maximize the profitability and satisfaction of our clients, both tenants and owners.
For more information, please contact Fincas Castellà Metons and find out how these trends can impact your investment and rental strategies in Barcelona’s dynamic real estate market.
