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The average rental price of housing in Spain fell by 0.7 % in the month of April compared with the same month last year, according to the latest data from the National Statistics Institute.

Thus, rental prices have now accumulated thirteen consecutive months of declines. This decline in rental prices contrasts with the evolution of the overall CPI, which rose by 0.4% in April.

El Mundo reported that, month-on-month, the cost of leasing remained stable and so far this year has declined by 0.3%, while year-on-year, fourteen regions recorded decreases in their rental prices.

The greatest declines were registered in Madrid (-1.9%), Navarra (-1.9%), La Rioja (-1.6%), Extremadura (-1.3%), Valencia (-1%) and Murcia (-1%), and with declines below 1% stood the Canary Islands (-0.9%), Andalucía (-0.8%), Castilla-La Mancha (-0.8%), the Balearic Islands (-0.6%), Aragon (-0.5%), the Basque Country (-0.3%), Cantabria (-0.3%) and Castilla y León (-0.1%).

Increases in rental prices were registered in the autonomous cities of Melilla and Ceuta (+0.8% and +0.3% respectively), Asturias (+0.2%), Galicia (+0.1%) and Catalonia (+0.3%).