Rental Prices in Melilla 2023
Rental price statistics in the province of Melilla - CIUDAD AUTÓNOMA DE MELILLA
Ranking
#9 of 50 provinces
Variation 2023
+1.7%
Median rent (Collective housing)
8.75€/m²
Median amount/month
600.00€
Collective housing
2023
Median rent
8.75€/m²
Median amount
600.00€
Median area
70 m²
Contracts
2,467
Single-family housing
2023
Median rent
6.54€/m²
Median amount
500.00€
Median area
85 m²
Contracts
540
Historical rent evolution
Price evolution
| Year | €/m² | €/month | Contracts | Variation |
|---|---|---|---|---|
| 2011 | 6.84 | 490.00 | 1,002 | - |
| 2012 | 6.92 | 500.00 | 1,128 | +1.2% |
| 2013 | 6.96 | 500.00 | 1,339 | +0.6% |
| 2014 | 6.95 | 500.00 | 1,464 | -0.1% |
| 2015 | 7.04 | 500.00 | 1,624 | +1.3% |
| 2016 | 7.03 | 500.00 | 1,801 | -0.1% |
| 2017 | 7.43 | 520.00 | 1,924 | +5.7% |
| 2018 | 7.55 | 530.00 | 2,052 | +1.6% |
| 2019 | 7.89 | 550.00 | 2,163 | +4.5% |
| 2020 | 8.11 | 553.59 | 2,298 | +2.8% |
| 2021 | 8.34 | 564.62 | 2,353 | +2.8% |
| 2022 | 8.60 | 587.59 | 2,453 | +3.1% |
| 2023 | 8.75 | 600.00 | 2,467 | +1.7% |
The rental housing market in Melilla, an autonomous city located on the northern coast of Africa, presents a unique landscape for both tenants and property investors. In 2023, the average rent in Melilla stands at approximately 6.5 euros per square meter, resulting in an average monthly rent of around 500 euros. This pricing positions Melilla at 22nd place out of 52 provinces in Spain, indicating a moderate cost compared to other regions. For tenants, the average monthly rent of 500 euros can be considered relatively affordable, especially when juxtaposed with larger urban centers in Spain. Cities such as Madrid and Barcelona often see monthly rents soar to over 1,000 euros, making Melilla an attractive option for those seeking budget-friendly housing solutions. The lower cost of living in Melilla can be appealing for families, students, and professionals looking for a more economical lifestyle without sacrificing quality of life. The rental market in Melilla is characterized by a total of 540 registered rental contracts, reflecting a steady demand for housing in the region. This figure suggests a stabilized market, where the supply of rental properties is meeting the needs of the population. However, it's important to note that the number of contracts registered is modest when compared to larger provinces, which may indicate a smaller pool of available rental properties. As demand continues to grow, potential investors might see an opportunity in entering this market. In the broader context of the regional and national rental markets, Melilla’s rental prices are considerably lower than those in the Balearic Islands, Madrid, and Catalonia, where average rents can exceed 10 euros per square meter. This affordability factor could facilitate an influx of new residents seeking a more affordable lifestyle, ultimately stimulating the local economy and enhancing community development. As urbanization trends continue to influence rental demands across Spain, Melilla stands to benefit from its strategic location and lower cost of living. The province's unique cultural heritage and Mediterranean climate are additional draws for those considering relocation. Furthermore, as remote work becomes more prevalent, individuals who previously needed to reside in major cities may find Melilla an appealing alternative for both lifestyle and economic reasons. Looking ahead, the rental market in Melilla could experience shifts as housing needs evolve and more individuals seek out affordable living options. Investors and landlords may need to adapt to these changes by improving property offerings and ensuring that rental standards meet the expectations of a modern tenant demographic. Overall, Melilla's rental market presents both challenges and opportunities, making it a noteworthy focus for anyone involved in real estate or housing policy in Spain.