Sorello Guides

Galapagar rents: the declared figures

It is 23,9 % above the reference of five years earlier. 2.165 declared leases sit behind it: enough to inform, small enough that one street can sit outside the range. At 8,56 €/m², Galapagar is an expensive rental market by Spanish standards.

Rents declared on income-tax returns for main-residence leases, not asking prices. They lag the market and exclude holiday lets.

The comparison that matters

Within Madrid, that is the tenth lowest lower-quartile rent per square metre among the municipalities this guide covers.

Across the country, the reference rent per square metre here belongs to the top quarter.

Set against the other Madrid municipalities in this guide, it has the sixth lowest median declared monthly rent.

A sense of scale

Country-wide, that upper-quartile rent per square metre is one of the band just below the top quarter.

Judged only against Madrid, the median floor area of a let flat here is the eighteenth lowest in the guide.

Nationally, that number of declared leases falls in the thirteenth twentieth from the bottom.

Measured against its neighbours

Take Madrid alone: among the municipalities here, its five-year change in the reference rent is the fifth highest.

Put beside the rest of the country, its share of dwellings that are not a main residence belongs to the exact middle of the range.

On population it is the eleventh lowest of the Madrid municipalities this guide covers.

Put a quoted rent in its place

A typical declared lease in Galapagar runs at 636,67 € a month.

The median flat in Galapagar measures 78 m², an ordinary Spanish size.

What the reference implies for a flat of a given size, per month
Floor areaAt the lower quartileAt the medianAt the upper quartile
55 m²393 €471 €567 €
75 m²536 €642 €773 €
100 m²714 €856 €1.031 €

The floor areas are round illustrative sizes used to show the arithmetic, not measurements of any particular flat.

The reference figures, and how narrow the range is

A quote above 10,31 €/m² needs a reason you can point at; one below 7,14 €/m² needs a survey.

7,14 €/m² to 10,31 €/m² is a narrow spread, so the address matters less here than the size.

Declared rents for flats: rent per square metre a month, unless stated
MeasureValue
Lower quartile7,14 €/m²
Median8,56 €/m²
Upper quartile10,31 €/m²
Median monthly rent636,67 €
Median floor area78 m²

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