Rental prices in the 21 municipalities of navarra designated as Tensioned Market Zones (ZMT) have continued their downward trend in the third quarter of 2026, showing a 1.5% decrease compared to the same period in 2025 and a 1.9% drop from the previous quarter, the second quarter of 2026. The decline from the last quarter, when prices were unregulated, amounts to 5.5%, according to data released by the Observatorio de la Vivienda de Navarra.
Specifically, the average rent in these Tensioned Market Zones is now 793 euros, down from 805 euros in the third quarter of 2025 and 808 euros in the second quarter of 2026. In municipalities outside these zones, the average rental price has risen to 634 euros, representing a 4.9% increase compared to the same period last year.
It is important to note that approximately 93% of rental contracts in navarra are signed in municipalities classified as Tensioned Market Zones. In terms of supply, the number of contracts formalised in these zones has risen to 1,209, a 4.4% increase from the 1,158 contracts recorded in the third quarter of 2025. Conversely, there has been a decrease in the number of contracts formalised outside the 21 designated municipalities, dropping from 107 contracts in the third quarter of 2025 to 86 this year.
Overall, in navarra, a total of 1,295 rental contracts were formalised in the third quarter of 2026, with 71.4% being for permanent housing and 28.6% for seasonal rentals, a common trend during this period as many contracts are signed for students.
