Real Estate Agencies in Xàtiva and Ontinyent Raise Concerns About Rental Market: Limited Supply and Rising Prices

Real estate agencies in Xàtiva and Ontinyent have expressed concern regarding the current rental market situation. According to forecasts by local agencies, reflected in a recent survey similar to idealista's Real Estate Sentiment Survey (ESI), the sales market shows positive trends, with expected increases in closed transactions and new property listings, while the rental market faces an increasingly critical scenario.

In Xàtiva, agencies report rising rental prices due to limited availability. Nearly half of local agencies predict further rent increases in the coming months, driven by demand significantly exceeding available properties. Many agencies anticipate capturing fewer rental properties compared to previous quarters, complicating the situation for those seeking rental housing.

In Ontinyent, despite slightly more affordable market prices, a worrying scarcity of available rental properties is driving prices up, making access to decent housing difficult for many families. A significant percentage of local real estate agencies expect fewer rental contracts to be signed in the next quarter due to the low capture of new rental properties.

On the other hand, the sales market continues to show optimism in both cities. Most real estate agencies in Xàtiva and Ontinyent anticipate increased sales activity in the coming months, alongside rising house prices due to strong existing demand. Over half of the surveyed agencies expect to list new properties for sale and complete more transactions than in previous months.

This contrast between a robust sales market and a struggling rental market underscores the urgent need for specific measures encouraging the rental of vacant properties and the creation of new housing, both in Xàtiva and Ontinyent, to address the structural issues currently faced by these cities.