By 2017, following several months of prices increasing, homeowners who had been renting during the economic slump had started to put their properties back on the market. In this regard, home sales are expected to return in 2017 to pre-crisis (2008) level. The Spanish real estate market was experiencing a new boom, this time in the rental sector. Out of 50 provinces and compared to May 2007, the National Statistics Institute recorded higher rent levels in 48 provinces, with the 10 most populated accumulating rent inflation between 5% and 15% since 2007. The phenomenon was most visible in big cities such as Barcelona or Madrid, which saw new record average prices, partially fueled by short-term rentals to tourists.
By 2017, following several months of pri,ces increasing homeowners who had been renting during the economic slump had started to put their properties back on the market. In this regard, home sales are expected to return in 2017 to pre-crisis (2008) level. The Spanish real estate market was experiencing a new boom, this time in the renta,l sector. Out of 50 provinces and compared to May 2007, the National Statistics Institute recorded higher rent levels in 48 provinces, with the 10 most populated accumulating rent inflation between 5% and 15% since 2007. The phenomenon was most visible in big cities such as Barcelona or Madrid, which saw new record average prices partially fueled by short-term rentals to tourists.