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Category

Housing

Latest Housing news and updates about Spain.

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housing

Arona Faces Setback in Affordable Housing Plans for Local Residents

In a disappointing turn of events, the municipality of Arona in the Canary Islands has once again missed an opportunity to implement a plan for constructing affordable housing for its residents. This setback has been met with frustration and disappointment from local leaders and residents alike.

Background and Previous Efforts

Arona, known for its picturesque landscapes and growing population, has long struggled with the issue of affordable housing. The demand for housing that is within the financial reach of local residents has been a persistent concern, with previous initiatives often facing various hurdles.

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housing

Housing Crisis in Spain: Expats and Locals Face Rising Costs and Regulatory Challenges

As the Spanish real estate market continues to grapple with soaring prices and a severe shortage of affordable housing, expats and local residents are finding themselves in an increasingly difficult situation. A recent focus on the region of Cantabria and the broader national context highlights the complexities and challenges facing the housing market.

Rising Rental and Purchase Prices

The year 2024 saw a significant increase in housing prices across Spain, with the average monthly rent per leased square meter reaching a new record of 13.5 euros[2]. This trend is particularly pronounced in tourist hotspots and major cities. For instance, the Balearic Islands, which include popular expat destinations like Palma, have seen property prices exceed those of the pre-financial crisis era, with current prices 16.9% higher than in 2007[4].

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housing

Criticism Mounts Over Housing Speculation in Cantabria

In a recent development that has sparked significant debate, the regional branch of the Spanish left-wing party IU (Izquierda Unida - United Left) has criticized the People's Party (PP) and the Spanish Socialist Workers' Party (PSOE) for their handling of housing speculation in Cantabria.

Political Tensions Rise

The IU has expressed strong dissatisfaction with what they describe as the "tibieza" or leniency of the PP and PSOE in addressing the escalating issue of housing speculation in the region. According to IU representatives, the current policies are not robust enough to curb the rising housing prices and the subsequent displacement of local residents.

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housing

Santander Residents Express Frustration Over Rodent Infestation

In a recent outcry, residents of Santander, the capital city of the Cantabria region in northern Spain, have voiced their discontent over a persistent and worsening rodent infestation. The issue has been escalating, causing significant distress and health concerns among the local population.

The Complaints

On January 14, 2025, Daniel Fernández, a local resident and vocal critic of the situation, expressed his frustration during a public gathering. Fernández emphasized that the people of Santander are fed up with the rampant presence of rats in the city. He highlighted the need for immediate and effective action from the local authorities to address this issue.

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housing

Spain's Housing Crisis: Golden Visa End and 100% Tax on Non-EU Property Buyers

In a significant move to address Spain's escalating housing crisis, the Spanish government, led by Prime Minister Pedro Sánchez, has announced a series of drastic measures that are set to impact expats and foreign property buyers profoundly.

End of the Golden Visa Program

One of the most notable changes is the impending end of Spain's Golden Visa program, which has been a popular route for non-EU residents, including Britons, to gain residency in Spain. Launched in 2013, the Golden Visa required an investment of at least €500,000 in Spanish property, offering residency with minimal stay requirements. However, due to concerns that this scheme was pricing local residents out of the housing market, the Congress of Deputies voted to scrap the program. New applications must be submitted by April 3, 2025, although existing visas can still be renewed[1][4].

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housing

Spain's Housing Crisis Deepens: Young People Struggle for Independence

In a stark reflection of Spain's ongoing housing crisis, the latest statistics reveal a troubling trend: the number of young people able to achieve independence by moving out of their family homes has plummeted. This issue is particularly poignant for expats and locals alike, highlighting the broader economic and social challenges facing the country.

Rising Rents and Stagnant Wages

As of the first half of 2024, the average rent in Spain has soared to €1,072 per month, while the average salary for young people aged between 16 and 34 stands at just €1,048. This stark disparity has led to a significant decrease in the number of young people who can afford to live independently. The independence rate among young people has dropped from 16.3% to a mere 14.8%[5].

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