Tips for search a realestate product to rent

15 | 03 | 24
| Real Estate

It's been a long time that finding a rental property is a reason for many citizens to feel anxious. At Finques Feliu we will do what can help you the most. We mean to make it easier for you:

  • The rental prices in Barcelona and Catalonia from 2000 to 2023 both years inclusive (last data today: March 15, 2024).
  • Thirteen tips to find a rental property

This article will have a value if, if we dare, "historical": to present the picture of the rental market just on the day that the regulation of tenement areas comes into force. Below you can access this regulation:

  • Tense areas in Catalunya:  click here (unique CC.AA. which activates).

Source: BOE

We have an exciting challenge: to help society!

First part: rental data for Barcelona and Catalonia 2000-2023

On March 14, the average rent in Barcelona and Catalonia for the fourth quarter of 2023 was published:

  • In Barcelona: 1.178€.
  • In Catalonia: 854€.

Link to the above data.

Want to see the trend from 2000 to the third quarter of 2023? Click here.

In the last century, the key moment for rental prices is the explosion of the bomb: September 2008. Few before this traumatic moment, texts as optimistic as the following were published:

(...) The exhaustion of the housing boom is generating a kind of virtuous circle in which the interests of the public and the developers are converging".

Font: "Spain wakes up to rent" El País 20/04/2008

For years we have been aware that the rental supply has not been able to keep pace with demand. In this situation, the prices do not stop showing an upward trend.

Part Two: I'm young, I want to become independent, but, despite working, I can't earn enough money to meet market prices: what do I do?

Before going into the advice for everyone, we focus on the benefits aimed at the group most affected by high rental prices: young people. Don't worry, we are here to guide you! Take note of different alternatives to get into the rental market:

 

Part three: three tips for finding a loan and signing it

 

3.1 Verify exactly how much money you are earning

Acquiring a lease requires three successive expenses:

  • The deposit
  • The deposit
  • The monthly rent

The monthly rent should not exceed 30-35% of your total income.

 

3.2 Analyze in detail the updated average prices in the area where you live

When you are looking for a rental in an area it is necessary that the information is:

  • Limited to the neighborhood where we are near.
  • Updated and come from the administration or from real estate portals

3.3 Check that the neighborhood, small town or rural property suits your preferences.

Always make a list of pros and cons of the different real estate products.

It is desirable that the place where we are looking for the product is located:

  • Well communicated
  • In an area with: shops, educational centers, hospitals, green areas or cultural life.
  •  

3.4 Be pragmatic: it is necessary to have a wide range of areas to be close by

It observes that, to the previous point we have titled small town or rural property and, it is that it is necessary to surround beyond the city.

 

3.5 Exploiting the Internet 

First of all, the filters of our website for rentals and our real estate valuator.This second tool will give you an idea of how much a property of, let's say, nine square meters in Gràcia is worth.

Outside our website, the big portals allow you to activate ads every time they offer a product with the characteristics you have chosen.

 

3.6 You keep persevering

Searching for a real estate product is like searching for a job: just activating the ads is not enough, you have to follow them proactively.

 

3.7 Visit the different real estate products you select

The visits always have to be prepared. This can be done by asking yourself, "according to my circumstances, what topics do I prioritize when looking for a property?"

Some of them could be:

- I have a partner or I am single

- I have children

- I have a telephone

- I am a person with functional diversity

 

3.7.1 Formal requirements to be fulfilled when visiting a rental product

 

  • Be punctual and be well dressed
  • Be polite and speak in a serious manner
  • Show interest in the product
  • Be sincere about your work or studies, if you have pets, etc.

3.7.2 During the visit to the real estate product you have to:

  • Be extremely observant
  • Practice active listening
  • Take notes in a notebook - handwriting activates the brain more than a smartphone-.

Getting the answer to questions like these will make you enjoy the visit:

  • Is it in a well communicated area?
  • Does it have green areas, shops or hospitals nearby?
  • Does it have an elevator/is it adapted for people with mobility problems?
  • Do you notice any flaws at first sight?
  • Do you feel that the neighborhood is quiet?
  • Is there a concierge service?
  • Is it a product with a lot of square meters of useful surface?
  • Are there good household appliances?
  • Will you be able to park in your parking lot?

3.8 The figure of the guarantor will help you to establish yourself in a market that rewards solvency.

To rent is to compete. Therefore, it is necessary to show the maximum possible solvency: we recommend you to have a trusted relative or friend available to guarantee you.

 

3.8.1 Are you an owner and do you want the maximum guarantees of receiving the rental on time? At Finques Feliu we offer you an insurance against non-payment of the rent:

When you are an owner you want to have the security of receiving the rental on time, that's why:

  • We always analyze the profile of the candidates.
  • We offer the insurance against the non-payment of the rent 

3.9 Treat the real estate product of which you are the owner as if it were your own.

If you complete this advice, you will approach to:

  • Generate trust and empathy in the owner.
  • Convince the owner that you are the ideal logger
  • Avoid conflicts about who pay for the repairs.

4. Never lose sight of the future negotiation of the rental contract.

Finally, click here to learn all the details about negotiating the lease.

Finques Feliu works for you!