Business and Real Estate

Archive for the ‘Home Buying’ Category

Renting out a 22% cheaper than our country, the traditional mindset is to rent a home instead of buying is “throwing money”. However, doing accounts with interest rates the sale and rental prices today, the truth is that you can rent a flat out 22% cheaper than paying your mortgage.

Renting a house is 70 m2 to 483 euros per month on average, while 25-year mortgage with an interest rate tied to Euribor + 0.75% is 620 euros. That is, 137 euros less per month, totaling 1644 per year. In fact, the gap increased last September: rents fell by 1.48% last month, and accumulated a 3.48% decline in the last twelve months. Meanwhile, the price of second hand property rose 0.21% in September, rising for the first time this year.
The price of rental housing in communities

However, it is true that while the housing sector is highly dependent on the location, the rental market is more heterogeneous if possible. In September, the average price of rental housing in the Basque Country fell by 11%, although still the most expensive of all community: 9.77 euros per m2 per month. Also significantly lowered the price of rent in Castilla y León (5.07%) and Galicia / 4.52%).

By contrast, in Castilla-La Mancha rose no less than 8.3%, while in other communities where he grew up almost 1% did not: La Rioja (1.13%), Murcia (0.78%), Catalonia (0.54%) and Aragón (0.14% increase).