RENT prices for properties across Spain are highest in Barcelona's central shopping street and lowest in a southern-Alicante suburban neighbourhood, according to research by Forbes magazine.
A flat on the Passeig de Gràcia (pictured left) in Spain's second-largest city comes in at a cool €29.58 per square metre every month, compared with €1.80 per square metre in Carrús, a neighbourhood in the large town of Elche just south of Alicante airport.
For a comfortable-sized three-bed apartment suitable for a small family, this works out at around €2,958 in the former compared with €180 per month in the latter.
For a small, one-bedroomed flat, the price still sits at about €1,479 on the Passeig de Gràcia, but around €90 a month in Carrús.
Property valuation experts at TecniTasa say renting a home on some of the most desirable, attractive and central streets in the cities of Barcelona, Madrid, Bilbao, Cádiz, Marbella, A Coruña in Galicia, San Sebastián, Zaragoza in Aragón and Pamplona will practically never come in at below €1,500, reaching €3,000 to €4,500 for a large, spacious apartment.
But other than the Carrús suburb (pictured below right) in Elche, some neighbourhoods in the towns and cities of Alicante, Castellón, Huelva, Torrent (Valencia province), Málaga, Almería, Jaén, Granada and Jerez de la Frontera (Cádiz province) have homes to rent which regularly cost a lot less than €200 a month, even for those of a good size and quality, and even drop into double figures in some cases.
The Passeig de Gràcia has knocked the stately C/ Serrano in Madrid off the top spot of the most expensive street to rent a home in Spain – in the latter, a 100-square-metre apartment, typically a three-bedroom type with room for a couple and one or two children, costs an average of €2,784 per month for its tenants.
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