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Rents Increase Less than Inflation

Article Date : Friday, June 27, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Average rents in Spain rose by 4.3% over 12 months to the end of May. With consumer prices rising by 4.6% over the same period, this means that the cost of renting property in Spain has fallen in real terms by 0.3%.

Average rents rose the most in Cantabria (6.5%), Aragon (6.1%), Madrid (5.2%), and Castilla-La Mancha (4.5%). Rents rose the least in Navarra (2%).

Whilst average rental costs rose below the inflation rate, the cost of owning and maintaining property has risen above the inflation rate. Building materials for refurbishing properties rose by 5%, and maintenance service costs by 5.2%.

Full story from Spanishpropertyinsight.com

Article provided by Kyero.com.
Read the full article here >>

DISCLAIMER: The opinions expressed here are the views of the author of this news item and do not necessarily reflect the views and opinions of Propertyshowrooms.com.
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