Wednesday, December 7

36% of rentals in Barcelona are from landlords with more than ten floors

One in three rental flats in Barcelona are in the hands of what are considered large owners, those who have more than ten homes. This is indicated in a report by the Barcelona Metropolitan Housing Observatory (O-HB), carried out in collaboration with the Barcelona City Council and the Catalan Land Institute (Incasòl) of the Generalitat.

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The analysis, which is based on data from 2021, specifically estimates that there are 290,416 main habitual rental homes in Barcelona and that 36.1% of them are in the hands of large holders. This translates into some 104,500 flats controlled by large landlords. It also stands out that more than half of all the farms that are regularly rented are owned by owners who have more than three floors. On the other hand, publicly owned flats in the city’s usual rental stock only represent 4.4%.

The Councilor for Housing and Rehabilitation, Lucía Martín, and the president of the O-HB, Carme Trilla, have coincided in highlighting at a press conference from the consistory that Barcelona has a very high weight in the rental market and they have emphasized the percentage of flats in the hands of large holders and the need to regulate the prices of all types of rentals.

According to estimates made by the O-HB, owners with more than ten apartments in their portfolio account for only 2.1% of all landlords, but they alone account for 36% of rental housing. With data from Incasol, different from the O-HB estimates, the number of homes in the hands of large holders drops to 29.6%.

Another limitation that the O-HB admits is that the corporate links between legal entities are also unknown, which also makes it difficult to actually quantify large owners. In any case, the study estimates that the 36.1% percentage of rental apartments in the hands of large holders would increase to 37% if other unusual forms of rental are also taken into account, such as tourist apartments.

One of the characteristics that stands out from this analysis is that there is a greater concentration of ownership in the rental park than in the general park. And it is that the owners who own more than three homes have 51.4% of the total rental housing while, in the general stock, this type of owners only have 30.6% of the stock.

Another noteworthy piece of information is that the 12,893 publicly owned homes –which account for 1.7% of the overall housing stock– represent 4.4% of the main habitual rental housing stock in the city. These publicly owned homes have a high weight in the most peripheral neighborhoods and in a large part of the Ciutat Vella district and come to represent more than 20% of the total homes in the Can Peguera, Torre Baró, Vallbona and Baró de Viver neighborhoods. . The 12,893 publicly owned homes would represent 12.3% of the total regular rental homes in the hands of large holders, according to O-HB estimates.

On the contrary, rental homes in the hands of large holders with another type of ownership that is not public have a high weight in neighborhoods such as the Raval, the Gòtic, Sant Antoni or Vila de Gràcia.

Councilor Lucía Martín has reiterated that any regulation that affects the regulation of rental prices is “very relevant” for Barcelona. As she has said, the data published in the study show that the homes that are rented in the city are not in the hands of “many small owners.” The figures, she has added, highlight the fact that more than half of the owners of rental flats have three or more in the city of Barcelona alone. “Therefore, it breaks a story and also means regulating prices”, she has affirmed.

Martín has also been critical of the proposal by the Spanish Ministry of the Urban Agenda that proposes acting on large landowners and leaving out those with less than ten. This, the councilor has estimated, would mean leaving out more than 400,000 people who live for rent in Barcelona (which is estimated to be able to live in 64% of the flats that do not belong to large owners).

Therefore, he concluded, “it makes no sense to propose a price regulation that does not apply to all homes.” In a similar line, Carme Trilla has expressed herself, who has indicated that making a cut between large and small holders when carrying out a rent regulation would be “absurd” if what is intended is to “cool the market”.

Trilla has also recalled that during the 20th century the rental stock has been lost in the city of Barcelona and came to be below 30 percent of the total housing stock, despite being one of the highest percentages in Spain . Since then, he stated, the rental market has been recovering and has grown a lot in the last ten years, between 2011 and 2021. “It is a figure that stands out a lot compared to the surrounding parks and the most recent times,” he concluded.

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