Rental Prices in Navarra 2023
Rental price statistics in the province of Navarra - NAVARRA (COMUNIDAD FORAL DE)
Ranking
#4 of 50 provinces
Variation 2023
+6.8%
Median rent (Collective housing)
11.00€/m²
Median amount/month
825.00€
Collective housing
2023
Median rent
11.00€/m²
Median amount
825.00€
Median area
87.86 m²
Contracts
7,800
Single-family housing
2023
Median rent
3.69€/m²
Median amount
438.75€
Median area
127 m²
Contracts
1,582
Historical rent evolution
Price evolution
| Year | €/m² | €/month | Contracts | Variation |
|---|---|---|---|---|
| 2011 | 7.80 | 585.00 | 5,500 | - |
| 2012 | 7.50 | 565.00 | 5,000 | -3.8% |
| 2013 | 7.20 | 540.00 | 4,800 | -4% |
| 2014 | 7.10 | 535.00 | 5,000 | -1.4% |
| 2015 | 7.20 | 540.00 | 5,400 | +1.4% |
| 2016 | 7.50 | 565.00 | 5,800 | +4.2% |
| 2017 | 7.90 | 595.00 | 6,200 | +5.3% |
| 2018 | 8.30 | 625.00 | 6,600 | +5.1% |
| 2019 | 8.80 | 660.00 | 7,000 | +6% |
| 2020 | 9.10 | 685.00 | 6,200 | +3.4% |
| 2021 | 9.50 | 715.00 | 6,800 | +4.4% |
| 2022 | 10.30 | 775.00 | 7,400 | +8.4% |
| 2023 | 11.00 | 825.00 | 7,800 | +6.8% |
The rental housing market in the province of Navarra, part of the Autonomous Community of Navarre, presents an intriguing landscape for both tenants and investors in 2023. With an average rent of 3.7 €/m² and an average monthly rental cost of 438 euros, Navarra positions itself as a relatively accessible option within Spain. This pricing places it at rank #81 out of 52 provinces, indicating a competitive yet moderate rental environment. Understanding these figures is crucial for potential tenants. The average rent in Navarra is lower than many larger Spanish cities, making it an attractive choice for individuals and families seeking affordable housing options. With 1,582 registered rental contracts, the market reflects a steady demand, suggesting that the province is maintaining a healthy rental ecosystem. For tenants, this indicates that while options may be limited in certain areas, there is a variety of housing available, catering to diverse needs. Comparatively, when analyzing Navarra against regional and national data, it becomes clear that the province offers a unique position. In larger urban centers such as Madrid and Barcelona, rents can soar to 15 €/m² or more, making Navarra’s average significantly lower. This affordability factor is particularly appealing for young professionals and families who desire the benefits of a provincial lifestyle without the financial strain often associated with major metropolitan areas. Additionally, the rental market in the Basque Country and La Rioja shows higher averages, further emphasizing Navarra’s competitive edge in terms of rental pricing. Looking forward, the rental market in Navarra is poised for gradual growth. Factors such as the province's improving economic indicators, attractive quality of life, and educational institutions contribute to a stable demand for rental properties. As remote work continues to influence housing preferences, Navarra may see an influx of tenants seeking a balance between urban amenities and rural tranquility. Moreover, the provincial government is focusing on initiatives to promote affordable housing, which could further stabilize rental prices and encourage investment. As landlords adapt to evolving tenant needs and preferences, such as increased demand for energy-efficient and modern living spaces, the rental market will likely respond accordingly. In conclusion, the rental housing market in Navarra provides a favorable scenario for tenants in 2023. With competitive average rents, a steady volume of rental contracts, and a promising outlook for future growth, Navarra stands out as an appealing destination for those seeking a balanced lifestyle. Understanding these dynamics not only aids potential renters in making informed decisions but also highlights the province's unique position within the broader Spanish rental landscape.