English Language Broadcast - Rental crisis: A look into Spain's housing maket - 30/04/24

English Language Broadcast

Rent prices have become one of the most impotant social problems in the last years. Prices have increased a 74.6% in the last 10 years, a number which is even bigger in cities like Madrid or Barcelona. Meanwhile, the average salary in Spain has only increased a 4% during that time. With these numbers it is no surprise that so many Spaniards struggle to pay rent and cannot afford buying a house, leaving little to no housing options for many.

Almost a year ago, the new housing law was approved. This law aimed to alleviate the tension in the housing market, both in renting and in purchasing. But, has it actually caused any possitive effects in the market during this time? To tell us about it, on this broadcast we are joined by Valeria Racu, spokesperson of the Tenant's Union.

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