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Rental increase
Fiesta of flavour
SPAIN places third in the European Union in terms of its number of quality labels like the Geographical Indications (IGPs) and Protected Designations of Origin (DOPs). The European Commission recently published its list of unmissable Spanish food and drinks this summer.
It’s no secret that Spain boasts a wide array of gastronomic treasures, from the diverse landscapes of the Balearic Islands to its vast, worldrenowned wine regions.
Anna Ellis
THE price of housing rental in Spain increased by 9.2 per cent over the last 12 months, according to a report published by the property management company, idealista.
At the end of June 2023, renting a property in our country had a cost of €11.8 per square metre.
Francisco Inareta, spokesperson for idealista, confirmed: “As long as the available supply does not increase, there will be no way to contain prices.
“Neither the limits established in the Housing Law nor the promises of future developments seem to be able to contain the escalation of rents, which is getting worse for Span ish families every day.”
Prices reached record highs in 25 capitals, including Alicante, Palma, Valencia, Madrid and Barcelona.
The price increased in all regions over the last 12 months.
The largest increases were in the Balearic Islands (27.3 per cent), Valencia (15.7 per cent), the Canary Islands (14.6 per cent), Andalucia (12.4 per cent) and Cantabria (12.4 per cent).
In Catalonia they rose by 10.8 per cent, while in Madrid they grew by 9.2 per cent. The Basque Country recorded the lowest increase (4.1 per cent), followed by Aragon (4.2 per cent) and Navarre (4.3 per cent).
This summer, the European Commission invites visitors to indulge in products including the DOP Mahón Menorca cheese, sobrasada, and ensaimadas from Mallorca, and to savour the unique taste of the IPGcertified Ibiza olive oil while in the Balearic Islands.
While in mainland Spain, the European Commission says guests should treat their taste buds to the finest varieties of jamon including Teruel, Serón, Trevélez, and Jabugo, which all boast distinguished IPGs. And, naturally, they also invite guests to relish the distinctive flavours of DOP wines like Rioja, Rueda, and Rias Baixas.
