With housing for clouds, Spain had never won so much with rentals

If we talk about housing, Spain has always been a country of owners. Twenty years ago the percentage of households that resided in a house in its name It was 80%compared to just 9.5% rented (at market price). Things have changed since then. While families residing in their own homes remain a large majority, lease He has gained strength. That demand increase, added to tourist rental boomha Turned prices In recent years, especially in big citiessuch as Madrid or Barcelona.

That reality has had an effect Beyond the market, in the rent of Spanish households: profits related to real estate has reached a record level. What does that mean? That those who pay income do so more expensive than everbut those who charge them have seen how their profits grew so much that, together, the country’s households had never entered so much through that way.

The (Great) Footprint of the Rentals. The increase of rentals and The increase of tourist housing has not only tension the real estate market, deriving in protests such as those summoned to early April in dozens of cities in Spain or the famous “Key Revolution” held in October 2024. Its effect has also been clear elsewhere: the pockets of the landlords.

Those who charge income, either for the rent of a home, a place or a garage, has seen how that source of income for their own domestic economy He shot In just a few years until reaching records. In fact, household revenues for that reason are in its highest level Since at least 1995.

A percentage: more than 90%. The data is interesting for several reasons. First, because we usually think of large investment funds when talking about rent, the reality is that more than 90% of the properties that are leases as habitual housing and market price are in the hands of individuals. Natural persons. No societies or vulture funds.

In fact, societies are owners of 8%. He reveals it The Bank of Spain in a recent report with data from 2021. The second reason is that in Spain they receive income from the rental of properties More than three million of people.

A figure: 31.5 billion. If we can have an exact idea of ​​how much it ascends and what this huge flow of income related to the rental of properties, from houses to premises or garages, is thanks to the Tax Agency and its collection reports. In latestpublished recently and whose content has analyzed eldiario.es, it is revealed that last year the profits by leased real estate amounted to 31.5 billion euros. That is the fact of what homes perceive. To him would be added what they perceive through companies.

It is the largest data of the historical series published by the Tax Agency, which dates back to 1995 and that except for some exceptions (for example between 2019 and 2020, coinciding with the pandemic) has maintained an ascending curve. As a reference, in 2023 the gross income of households related to the lease of real estate remained slightly below 29,600 million. If we look at 2008, he added 16,123, which has almost doubled since then.

Does the report relieve anything else? Yes, that this increase has consolidated the rental of real estate as the main capital income in Spanish households. What does that mean? For fiscal purposes, capital income is the income achieved thanks to assets such as investments, properties sold or rents, among others. In 2024 the latter (rentals) added 31,504 million euros, while the furniture capital remained at 30,767 and the heritage earnings in 28,818.

That the first has climbed so much is not just due to the market or the rental boom. The Treasury himself has narrowed the siege to the tourist rental, which has made homes that were rented without declaring have emerged in the eyes of the Treasury.

Why is it important? Because it was not always the case. In 2008, Spanish households entered 16,123 million through the lease of real estate while Furniture capital (Bank accounts, bonds, titles, etc.) generated about 22.7 billion. Coinciding with the increase in income via rent, Eldiario precise Another curious circumstance: rentals, furniture capital and heritage gains (surplus value of homes or shares) represent just over 10% of the total homes of households. It did not happen since 2008.

The main homes of households remain those associated with work, which last year exceeds 753.4 billion euros. The income of the companies and other concepts complete the general photo exceeding 57.3 billion.

What tells us about the sector? That the income of the homemade grows up is interesting in themselves, but it is still another symptom of the situation of the real estate market. Its increase coincides with the increase in rentals (of more than 90% in the last decade, according to The data of the idealist portal), The boom of the tourist floors and an increasing In record time.

At the same time and given the difficulties in saving, achieving financing and becoming a owner, the rental option is gaining weight as a vital option. The INE estimates that in 2021 15.9% of households They resided in rent. In 2011 that percentage was two lower points (13.5%). Interestingly, a very similar figure, 15.5% of households, had second residence, which places them in the group of potential families that become homemade.

Images | Nicolas Vigier (Flickr) and Joan Ggk (Flickr)

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