Madrid Housing Crisis: Property Prices Rise Amid Affordability Concerns
- Reports
- 8
- Developments
- 4
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Idealista estimates that rents have nearly doubled over the past decade in Spain. The average price per square meter for both rental and purchase properties has risen by around 50% across the country over the past decade, with Madrid being particularly affected. The housing crisis has led to protests in Madrid, triggered partly by the eviction of an 87-year-old woman from her apartment in Madrid after her rent increased by 275%.
From thelocal.es, indiatimes.com
Why it matters
The sharp increase in housing costs and the shortage of homes are pricing many Spaniards out of the market. Madrid has topped a global ranking for luxury properties compiled by Barnes for two consecutive years. The crisis is intensifying political disputes over Spain's housing policies.
There has been a reported decline in the housing market across major Spanish cities, including Madrid and Barcelona.
From thelocal.es, indiatimes.com
Who's involved
- MadridCapital of Spain where the housing crisis and protests are centered.
- BarcelonaMajor Spanish city experiencing the housing crisis alongside Madrid.
- SpainGeopolitical state facing a systemic housing crisis and political dispute.
- idealistaReal estate company providing data on housing cost trends and market figures.
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.
How it developed
Newest first. Tap a step to see who reported it.Rents in both Barcelona and Madrid have roughly doubled in the last decade.1 source
A protest camp was established in Madrid as the housing crisis continues, monitored by Idealista.1 source
Housing crisis in major Spanish cities (Madrid, Barcelona) linked to rising property prices and protests.1 source
New data includes Barnes luxury rankings and comparisons to European housing stock.1 source
Keep exploring
Part of
Spanish housing crisis amid protests and displacement in major citiesAlso in this story
- Bank of Spain estimates a housing shortfall in Spain.
- Cuenca is named one of Spain's cheapest cities, contrasting with high dining costs in Barcelona and high rental prices reported in Madrid.
The entities involved
Related events
- Housing crisis and political standoff erupt in Barcelona and Madrid, leading to a dissolved parliament.
- Protests regarding the housing crisis took place in Madrid, Spain, alongside demonstrations in Lens, France.
- Protests over the housing crisis spread across Spain while Sanchez attempted to shift the political debate away from the Ceuta migrant crisis.
- Gentrification and rent hikes are causing displacement in Madrid.
- Housing density differs significantly between Ireland and Barcelona.