“ANALYSIS OF THE REAL ESTATE MARKET 5 YEARS AFTER THE COVID-19 PANDEMIC”

Rental demand in Valencia has skyrocketed by up to 293% since the COVID-19 pandemic.

The reduced supply of rental housing has led to competition among interested parties that, compared to the results at the beginning of the pandemic, has quadrupled.

The difference in interested parties compared to listings for homes with the same characteristics:

Idealista has published the following comparison for the city of Valencia, indicating a result of 7 interested contacts in the fourth quarter of 2019 compared to 28 interested parties registered in the fourth quarter of 2024, a 293% increase.

Currently, five years later, the biggest problem facing families searching for a home is the increase in competition, often exceeding the high prices. This competition refers to the growing group of marketers, both specialized real estate agencies and individuals, who have managed to establish so-called “castings,” using them to filter the profile of potential tenants.

This high demand in the face of limited supply means that the selection of these profiles is increasingly elitist.

In this case, policies should be established to better protect landlords against default; this would provide relief in the screening of interested parties.

Regarding the increase in prices since December 2020, Valencia has increased its rental prices by 74%.

2020-2025 | 5 years of pandemic | Change in rental stock and prices