The park of available housing for permanent rental in Spain has collapsed by 44% between 2018 and 2025, which means the disappearance of almost 393,000 properties from the market, according to a report prepared by idealista.
In detail, during 2025, 510,091 long-term rental ads were registered on the real estate portal, compared to the 902,664 that appeared in 2018.
By autonomous communities, Madrid leads the adjustment in absolute figures by no longer counting 137,411 ads in seven years, which represents a cut of 54%, going from 252,442 ads in 2018 to 115,031 in 2025. Following is Catalonia, with a contraction of 71% and the disappearance of 124,582 offered homes, leaving 50,412 ads in 2025.
At a considerable distance appear Andalusia, with 34,403 fewer ads; the Valencian Community, which reduces its offer by 14,499 properties, and Galicia, where 14,428 homes are no longer available.
On the opposite side, La Rioja is the only autonomous community where the offer of permanent rental increases in this interval, with 282 additional ads, going from 2,236 to 2,518 homes.
Among the communities with more moderate absolute declines are Extremadura (-1,313), Navarre (-1,623), and Murcia (-3,503).
The majority of provinces cut their rental stock
If analyzed by provinces, the long-term rental offer has decreased in 41 of the 50 Spanish provinces. Madrid and Barcelona lead the cuts, with 137,411 and 116,151 fewer homes, respectively. Following them are Valencia (-20,118), Seville (-17,368), and Asturias (-10,411).
In contrast, in some provinces, the offer grew. This is the case of Alicante, which added 4,312 more ads, Castellón (+1,307), Jaén (+999), Cáceres (+396), and La Rioja (+282).
In the provincial capitals, the market adjustment is even more pronounced, according to idealista. Madrid capital lost 117,558 rental ads, going from 202,484 in 2018 to 84,926 in 2025. For its part, Barcelona capital suffered a collapse of 83%, losing 94,130 properties after going from 113,853 ads in 2018 to only 19,723 in 2025.
Strong declines also occurred in other major cities: Valencia reduced its offer by 18,465 ads (from 39,086 to 20,621), Seville by 12,265 (from 23,960 to 11,695), and Granada by 7,463 (from 15,577 to 8,114).
Despite the general downward trend, several provincial capitals managed to increase their permanent rental listings in recent years. The greatest advances in absolute terms were recorded in Jaén (+488 listings, up to 1,811), Castellón de la Plana (+328, up to 2,080), Palencia (+191, up to 1,065), Logroño (+190, up to 1,722), and Ávila (+183, up to 1,099).
The supply also increased in León (+152), Huesca (+149), Segovia (+91), Teruel (+49), and Cáceres (+25).
For the preparation of this study, idealista has only taken into account the active permanent rental listings published during the years 2018 and 2025 under the same methodology, expressly excluding seasonal rental and room rental modalities.