Rental Prices in Gipuzkoa 2023
Rental price statistics in the province of Gipuzkoa - PAÍS VASCO
Ranking
#1 of 50 provinces
Variation 2023
+9.5%
Median rent (Collective housing)
16.20€/m²
Median amount/month
1,135.00€
Collective housing
2023
Median rent
16.20€/m²
Median amount
1,135.00€
Median area
72.35 m²
Contracts
10,000
Single-family housing
2023
Median rent
6.61€/m²
Median amount
701.64€
Median area
115.94 m²
Contracts
1,077
Historical rent evolution
Price evolution
| Year | €/m² | €/month | Contracts | Variation |
|---|---|---|---|---|
| 2011 | 10.50 | 735.00 | 7,500 | - |
| 2012 | 10.20 | 715.00 | 7,000 | -2.9% |
| 2013 | 9.90 | 695.00 | 6,500 | -2.9% |
| 2014 | 9.80 | 685.00 | 6,800 | -1% |
| 2015 | 10.00 | 700.00 | 7,200 | +2% |
| 2016 | 10.50 | 735.00 | 7,800 | +5% |
| 2017 | 11.10 | 775.00 | 8,300 | +5.7% |
| 2018 | 11.80 | 825.00 | 8,800 | +6.3% |
| 2019 | 12.60 | 880.00 | 9,200 | +6.8% |
| 2020 | 13.00 | 910.00 | 8,000 | +3.2% |
| 2021 | 13.60 | 950.00 | 8,800 | +4.6% |
| 2022 | 14.80 | 1,035.00 | 9,500 | +8.8% |
| 2023 | 16.20 | 1,135.00 | 10,000 | +9.5% |
The rental housing market in Gipuzkoa, a province in the Basque Country, has shown notable characteristics in 2023 that reflect broader trends and challenges within Spain's real estate sector. With an average rent of 6.6 €/m², tenants in Gipuzkoa are faced with a monthly expenditure of approximately 701 euros. This pricing structure places Gipuzkoa at the 21st position among the 52 provinces in Spain, indicating a competitive rental landscape that is influenced by various local factors. The average rent per square meter has significant implications for both tenants and property owners. For renters, understanding these figures is crucial. The average monthly rent of 701 euros may be seen as manageable for some, yet it can present challenges for individuals and families, particularly in the context of rising living costs and stagnant wage growth. As the demand for rental properties continues to rise, driven by both local residents and newcomers seeking employment opportunities in the region, prospective tenants must navigate a market that is becoming increasingly competitive. When compared to the national context, Gipuzkoa's rental prices are relatively moderate, but they do reflect a trend of increasing rental costs across various regions in Spain. Nationally, rental prices have been on the rise, influenced by a combination of factors such as urbanization, limited housing supply, and increased demand in urban centers. In this landscape, Gipuzkoa's position may be seen as a double-edged sword; while it offers relatively affordable rents compared to major urban hubs like Madrid or Barcelona, it is also indicative of a market that is tightening. The number of registered rental contracts in Gipuzkoa stands at 1,077 for the year, further illustrating the active nature of the market. This figure suggests that there is a steady flow of rental transactions, highlighting the ongoing demand for housing in the area. For landlords, this represents an opportunity to capitalize on the growing interest in rental properties, but it also necessitates a careful consideration of pricing strategies to remain competitive. Looking ahead, the rental market in Gipuzkoa is likely to evolve in response to various economic and demographic factors. The influx of young professionals and families seeking housing solutions, combined with the province's appealing quality of life, suggests that rental demand will remain strong. However, potential regulatory changes and shifts in economic conditions could impact pricing trends and the availability of rental properties. In conclusion, the rental housing market in Gipuzkoa offers a unique landscape characterized by moderate rents and a healthy volume of rental contracts. As tenants navigate this market, it is essential to stay informed about ongoing trends and to consider both the current dynamics and future projections that will influence their housing choices in this vibrant province of the Basque Country.