The rental price breaks records in Dénia: this is how life has become more expensive
It is undeniable that day-to-day life in Dénia is becoming more expensive. And not only because of wars, strikes and pandemics, bubbles and speculation are evils that have been lived with for decades to the point of normalizing and becoming one more rule of The Market. One of the sectors most affected (or benefited) from these practices is real estate, which seems to have forgotten the devastating explosion of 2007.
Fifteen years ago we faced one of the most decisive crises of recent decades. The growth of housing prices became unaffordable without the help of banks that were no longer as collaborative as before. This caused a change in people's preferences when looking for a home. Families were increasingly willing to rent and less willing to mortgage.
Dénia is a reflection of this new trend. In the city, the number of rental homes has skyrocketed over the last decade and a half, but so have their prices.
Month after month, the square meter of Dianense rents has been getting more expensive, with few truces that have not compensated in the long term. Many of these contracts offered have been temporary to ensure availability of housing in high season and offer it as a vacation rental, being able to earn crazy figures. This means that families looking for a place to live all year round have less to choose from, increasing a demand that was not covered (and for which many have chosen to live in neighboring towns), which allowed prices to be inflated to benefit of that need.
So much so that renting a house in the urban center of Dénia now costs 40% more than ten years ago. According to the industry platforms, at the beginning of 2012 you could rent the house for €5 per square metre. Now, rent is paid at 7,1 euros per square meter.
But it is the usual average price. There are areas where it has become even more expensive, such as in the port, the most expensive district in the city center and whose rent has already exceeded €8 per square metre.