Sectoral analysis

This article analyses the recent dynamics in Spain’s rental market based on internal CaixaBank data on direct debit payments for residential rents. According to our indicators, annual rent price increases are moderate when there is no change of tenant or landlord, generally lying below 3% and close to inflation, and consistent with regulatory caps. In contrast, the pressure on the price of new rental contracts has increased, closing 2025 with growth in excess of 10% year-on-year. Despite this, the median cost burden remains stable at around 30%, although there is still significant inequality between age groups and greater pressure in large cities.