National Institute

Nevertheless, with respect to April of 2011 the prices do not vary. The index of Fotocasa indicates that the rents lowered a 0.6% in May compared with the previous month. The rents have raised slightly in the last year but below the inflation. According to the National Institute of Estadstica (INE), the price of the rent of the house increased the 1.1% in May with respect to the same month of the previous year, and so it stays below the inflation, that it was increased until 3.5% in the fourth month of the year. So stable is the rent market that the shades according to different ” termmetro” that it is chosen they are small.

The NSI considers that the price of the rent in May has not undergone variation with respect to April and the real estate vestibule indicates that the rents have lowered as soon as a 0.6% in May. The official data reflect the stability that lives the price on the house renting, that increases very slowly from the past month of June, when 0.9% grew, the smaller rate of the historical one of the organism that picks up the data from 2003. The increase of the rents has been stopped from 2009 beginnings, when it surpassed inter-annual 4%. Until March of 2010, the price of the rent stayed over the IPC, that it had undertaken as well a bullish footpath in November of the previous year. Catalonia and Basque Country, majors raised According to the NSI, by communities, Catalonia and Basque Country were the regions in which the house rent get dearer more (1.5%), followed of Andalusia and Galicia (1.3%) and Aragon, the Balearics, the Canary Islands and Cantabria (1.1%).