Rental Prices in Teruel 2023
Rental price statistics in the province of Teruel - ARAGÓN
Ranking
#47 of 50 provinces
Variation 2023
+4.7%
Median rent (Collective housing)
4.65€/m²
Median amount/month
382.74€
Collective housing
2023
Median rent
4.65€/m²
Median amount
382.74€
Median area
91 m²
Contracts
4,922
Single-family housing
2023
Median rent
2.60€/m²
Median amount
300.00€
Median area
195 m²
Contracts
1,039
Historical rent evolution
Price evolution
| Year | €/m² | €/month | Contracts | Variation |
|---|---|---|---|---|
| 2011 | 4.05 | 350.00 | 2,792 | - |
| 2012 | 3.82 | 320.83 | 2,775 | -5.7% |
| 2013 | 3.69 | 300.00 | 2,794 | -3.4% |
| 2014 | 3.60 | 300.00 | 2,922 | -2.4% |
| 2015 | 3.57 | 300.00 | 3,118 | -0.8% |
| 2016 | 3.60 | 300.00 | 3,345 | +0.8% |
| 2017 | 3.63 | 300.00 | 3,613 | +0.8% |
| 2018 | 3.73 | 304.17 | 3,823 | +2.8% |
| 2019 | 4.00 | 334.09 | 4,185 | +7.2% |
| 2020 | 4.11 | 350.00 | 4,399 | +2.8% |
| 2021 | 4.25 | 350.00 | 4,529 | +3.4% |
| 2022 | 4.44 | 364.92 | 4,620 | +4.5% |
| 2023 | 4.65 | 382.74 | 4,922 | +4.7% |
The rental housing market in the province of Teruel, part of the autonomous community of Aragón in Spain, presents a distinctive landscape shaped by its unique demographic and economic factors. In 2023, the average rent for properties in Teruel stands at a modest 2.6 euros per square meter, translating into an average monthly rent of approximately 300 euros. This pricing positions Teruel at 101st out of 52 provinces in Spain in terms of rental costs, highlighting its affordability relative to other regions. For tenants, these figures suggest an accessible market, particularly when compared to larger urban centers such as Madrid or Barcelona, where rental prices can soar to multiples of what one would pay in Teruel. The lower rental costs are appealing to a diverse group of individuals, including young professionals and families seeking a balance between quality of life and economic viability. With 1,039 registered rental contracts in the province, it is evident that there is a steady demand for rental properties, although it remains significantly below the levels seen in more populous areas. In the broader context of Aragón, Teruel's rental prices are competitive, especially when considering the average cost in cities like Zaragoza, which tends to be higher due to greater demand and urban amenities. This affordability can attract new residents and encourage economic growth, as individuals and families might be drawn to the province not only for its lower costs but also for its rich cultural heritage and natural beauty. Moreover, the rental market in Teruel reflects a growing trend in Spain, where smaller cities are witnessing a surge in interest as remote working becomes more commonplace. The COVID-19 pandemic has shifted priorities for many, leading to a reassessment of living environments. As a result, Teruel may benefit from an influx of tenants seeking spacious homes and a quieter lifestyle away from the hustle and bustle of larger metropolitan areas. Looking ahead, the rental market in Teruel could evolve in response to changing demographics and economic conditions. With the potential for increased urbanization and investment in local infrastructure, the province could experience a gradual rise in rental prices. However, it is essential to consider that the current rental costs still provide a buffer against rapid increases, allowing for sustainable growth that benefits both landlords and tenants. In conclusion, Teruel's rental housing market in 2023 reflects a blend of affordability and stability within the broader Spanish context. With an average rent of 2.6 €/m², the province offers an appealing option for those seeking a more affordable lifestyle while still enjoying the benefits of living in Aragón. As the region continues to adapt to new economic realities, Teruel's rental market is positioned to attract both residents and investors alike, enhancing its appeal in the ever-evolving landscape of Spain's housing market.