Housing stock drops sharply in Madrid and Barcelona amid Spanish housing crisis
- Reports
- 2
- Developments
- 6
- Repetition
- 0%
New informationRepeats or wire copies
What happened
Housing market decline has been observed in major Spanish cities, including Madrid and Barcelona. In Barcelona, the stock of available housing fell by 84 percent between 2020 and 2024, losing 40,800 homes. Madrid saw a 71 percent drop in available housing, equating to 58,000 fewer homes, partly due to a shift toward short-term and tourist rentals.
From thelocal.es
Why it matters
A study found that house prices have risen faster than household incomes across Europe, making home ownership increasingly difficult for many. Spain is cited as an example of this severe housing crisis, where the middle class's ability to become homeowners has weakened.
From elpais.com
Who's involved
- MadridCapital of Spain, experiencing housing market pressures.
- BarcelonaCity in Catalonia, Spain, experiencing severe housing market contraction.
- SpainCountry in southwestern Europe facing a severe housing crisis.
- Community of MadridAutonomous community of Spain identified as a hot spot for housing prices and inequality.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MadridSpeculative
The capital might face reduced rental demand or increased costs for housing supply due to market saturation and owner withdrawal.
How it developed
Newest first. Tap a step to see who reported it.- Housing crisis highlighted by eviction and protests in Madrid and Barcelona.Sub-event
- Idealista reports a sharp rise in property prices in Madrid, amid a housing crisis affecting both major Spanish cities.Sub-event
- The government has launched a search engine aimed at providing affordable housing options.Sub-event
Touristification and territorial inequality are driving housing market pressures in Madrid.1 source
- Cuenca is named one of Spain's cheapest cities, contrasting with high dining costs in Barcelona and high rental prices reported in Madrid.Sub-event
Housing market decline observed in major cities.1 source
Keep exploring
The entities involved
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Madrid
capital of Spain
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Barcelona
city in Catalonia, Spain
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Spain
country in southwestern Europe with territories in Africa
Related events
- The housing crisis in Spain is worsening, involving the NGO Oxfam Intermón and Madrid.
- Housing concerns and frustration over housing difficulties are spreading from Madrid to Seville and other Spanish cities.
- Rising prices and housing costs are currently affecting households in Spain.
- Spain faces political pressure and blame over the housing crisis and rising prices.
- Gentrification and rent hikes are causing displacement in Madrid.