Rental prices rocket

THE latest report from property platform, Idealista has found that home rental prices have soared to their highest levels ever in the first month of 2023. The data released on Friday, February 6, revealed that rent increased by an average of 1.5 per cent throughout the country.

described an area of the city centre as it had been in previous centuries, writing: “In that place, there were only foreign and Jewish people who had a synagogue where the Hospital de la Misericordia is now located.”

Caro’s claim was verified late last year when a team led by archaeologist Miguel Angel de Dios discovered the area of the Torah ark and prayer hall. “It was like deciphering hieroglyphs. Once we had that key, it all came together,” he confirmed.

Utrera mayor Jose Maria confirmed the significance of the “extraordinary” find was hard to overstate.

Rent increases were the highest in Soria, which saw an enormous increase of 3.8 per cent in January, while Granada and Palma made up the top three with increases of 3.2 per cent and 3.1 per cent respectively.

Barcelona also saw one of the biggest increases in rent cost, of 2.2 per cent, reaching its highest ever figure. Rent in the country’s second biggest city now costs an average of €19.80 per metre squared per month.

At the opposite end of the scale, some areas did register a decrease in rent cost with it falling by 5.5 per cent in Cordoba, more than 2 per cent in Albacete and just over 1 per cent in Caceres.