Huesca and Zaragoza are among the cities with more “express rentals” in Spain, with 38% and 25% of homes rented in less than 24 hours. respectively, according to data from the third quarter of 2024 published by idealista. This phenomenon, where apartments are not even on the market for one day, reflects the growing demand for rentals in the regionbeing Huesca is one of the cities with the most activity of this type, only surpassed by Girona (48%).
The fast rental market is also concentrated in other cities such as. Segovia (31%), Guadalajara (26%), Palma (26%). and Bilbao (24%), which maintain high percentages of this phenomenon. Among the large cities, Barcelona and San Sebastian stand out with 20% and 21% respectively. However, in Madrid, the phenomenon is reduced to 15%.while Seville and Valencia are below the average, with rates of 12% and 14%.
HUESCA SHOWS ACCELERATED GROWTH
Huesca has been one of the cities with the greatest increase of “express rentals” in the last yearreflecting strong demand and scarce housing availability in the market. In the third quarter of 2023, only 17% of the housing units in Huesca were rented in less than 24 hours, a figure that now reaches 38%.. This trend is also observed in Girona (from 32% to 48%) and Segovia (from 3% to 31%).
On the contrary, cities such as Teruel and Soria have registered an important decrease in this phenomenon. In Teruel, the percentage of express rentals has fallen from 36% to practically disappear by 2024.suggesting a slowdown in demand or a more balanced supply.
BY PROVINCES: HUESCA LEADS WITH SEGOVIA
In the analysis provincial, Huesca and Segovia registered the highest percentages of express rentals, both with 27%.. They are followed by Guipúzcoa (26%), Vizcaya (25%), Girona (25%) and Barcelona (24%). Madrid, despite being one of the largest markets, maintains a percentage of 16%.This is well below Huesca and other provinces with a lower volume of supply.
This phenomenon of “express renting” has become a reflection of the pressure and dynamism of the market. real estate in some areas, where demand clearly outstrips supply, leaving little time for those looking to rent.