• Housing in times of coronavirus. Prices just drop and the 'oil slick begins

A thirty-year-old male of Spanish nationality, single, with an indefinite contract and an average salary of 1,200 euros per month. This is not a police file or any profile on Tinder, but rather the most common prototype of a tenant in the rental market in Spain who, in addition, this year has spent one more week of their time looking for housing as a result of the restrictions to the movement caused by the coronavirus pandemic.

This is one of the most significant changes that have occurred in recent months among people looking for a house to rent, as can be seen from the study IX Tenant Profile in Spain prepared by the rental insurance real estate firm corresponding to the first six months of the year. "It is still too early to know whether the changes detected, especially in demand, will take hold over time or will be temporary," they say from the firm.

Those changes affect both supply and demand. Regarding the latter, the study indicates that it has been contained due to limitations in geographic mobility, especially for students and displaced workers. In addition, a variation in quality has been detected, since homes with more space and with terraces or balconies have gained prominence to the detriment of smaller and more central buildings.

As for the offer , it has increased significantly in recent weeks, although it is still early to know exactly why. A part of this increase corresponds to the owners of tourist flats who, given the impossibility of traveling and the general economic slowdown, have decided to integrate them into the traditional market. The unknown regarding this trend is whether these owners will keep them in the traditional regime or return to their primary use once tourists return to the cities.

As the report shows, 51% of tenants in Spain are men, compared to 48% women; The age group that uses this market the most is between 26 and 35 years (slightly more than 40% in both cases), and it falls almost half - around 21% - among people aged 36 to 45. 41.37% are single people; 31.48%, married; 12.93%, separated and 11.64%, divorced. Regarding nationality, 76.42% are Spanish, followed by people from Morocco (4.63%), Romania (4.31%) and the United Kingdom (3.89%).

The employment situation is one of the most important factors for the owners when choosing an occupant for their apartment. In fact, this is one of the factors that has been gaining more weight in recent months due to the effects that the pandemic may have on the labor market and, consequently, on the income of tenants.

Until June, 28.38% of the tenants in Spain have an indefinite contract, a working seniority of less than a year and are mainly dedicated to the service sector.

The average number of tenants per contract is two and the average time of stay in the same property reaches three years.

What are they looking for and where

One of the changes that is already beginning to be detected in the leasing market affects the searches that users carry out and how they carry them out. Virtual visits have increased in recent weeks and the mobile is consolidated as a tool to find opportunities. Most use it to review the offers and spend almost two hours walking virtually through the properties. "When making a preliminary selection online, the typical tenant needs only two visits to decide," they point out from the company. .

However, not everyone seeks the same and the criteria vary greatly depending on the area in question. In Madrid , in the Chamberí district, the house sought is two bedrooms and up to 1,000 euros, while Villaverde is looking for a 3-bedroom property and up to 750 euros. Within the metropolitan area, in Alcobendas tenants are looking for 3-bedroom properties up to 950 euros and in Móstoles, the most demanded properties have 3 bedrooms and cost up to 750 euros.

In the case of Barcelona , the Nou Barris district is looking for properties with 2 bedrooms and up to 850 euros and in Eixample those with 3 bedrooms of up to 1,200 euros stand out. Within the metropolitan area, in Hospitalet the most wanted properties are 3 bedrooms and up to 900 euros and in Cornellá the same type of housing, but with a maximum price of 850 euros.

In accordance with the criteria of The Trust Project

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