The Real estate market in Spain continues to rise constantly, especially in large cities. Both purchase and rental prices have reached record figures, making access to housing difficult for a good part of the population. For many families, finding a floor at a reasonable price has become an almost impossible mission, even when they have stable income.
This trend is not new, but has intensified in the last year. According to the latest tendencies report of the real estate sector of the appraisal society, the average price of the house, both new and used, closes the year with a 3.6%rise. That would place the average price per square meter at 1,918 euros, although the figure varies greatly according to the province.
Price increase affects the entire national territory, but with notable differences between regions. While in provinces such as Ciudad Real, Teruel or Ourense the increase has been milder, in areas such as the Balearic Islands, Malaga, Cádiz or Valencia the increase has exceeded 5%. These areas with high demand and tourist attraction are especially sensitive to market pressure.
Madrid is today the most expensive city in Spain to buy housing. The average price exceeds 3,000 euros per square meter, leaving behind other traditionally expensive areas such as Barcelona or Guipúzcoa. In contrast, Cáceres, Badajoz and Ciudad Real They are still the most affordable options, with prices below 960 euros per square meter.
This contrast reflects the growing territorial inequality in access to housing. While some areas live unstoppable, others remain stagnant or grow much more contained. However, even in the cheapest regions, wages do not always allow a mortgage to assume without compromising the rest of the family budget.
HOUSING KEYS
To understand the future of this market, the YouTuber Wall Street Wolverine He recently interviewed the real estate expert Pau Antó. In his speech, Antó expressed concern about the evolution of the sector and warned about the risks of not taking structural measures. As explained, inflation has played a key role in the increase in housing, raising the cost of materials, mortgages and rentals.
One of the main causes indicated by the expert is the lack of housing available for rent. The shortage of supply against a growing demand is making prices not only go down, but continue to shoot. This situation especially affects young people, who have more and more difficulty to emancipate or form a family in property.
In addition, Pau Antó strongly criticized the rental price limitation policy. He ensures that this measure, far from solving the problem, has had counterproductive effects. Many owners have chosen not to rent their floors in the face of legal insecurity, which has reduced the available offer and has generated a pricing rebound.
This context has resulted in an extremely tensioning real estate market, in which more and more families must allocate more than 40% of their income to cover housing expenses. This limits access to other basic goods and reduces savings capacity. Both the purchase and the rent are, for many, simply unattainable.
A recent study of the Aura Ree firm It reveals that in Spain more than 1.2 million homes are needed to be able to balance the supply with the current demand. This deficit is not recent: it has been accumulated for years in which new work was barely built, which has ended up saturating the market.
To this is added the fact that the creation of new homes has absorbed much of the existing housing stock. The combination of low construction and increased demand creates a bottleneck that prevents price drop. As long as this situation is not reversed, prices are stabilized.
Real estate promoters agree that the solution is to facilitate the development of urbanizable land. They denounce that administrative procedures and urban restrictions are braking the implementation of new projects. Without a clear policy that encourages construction, access problems will continue to aggravate.
In the rental market, the panorama is even more complex. Madrid and Barcelona are among the most tension cities in Europe in this regard. The lack of housing for rent, added to the rise of tourist floors, has fired prices in the most central and well -communicated neighborhoods.
Many owners have chosen to rent their floors through tourist platforms, where they obtain greater benefits and less legal complications. This trend leaves hundreds of homes outside the traditional market, reducing the Offer available for stable and permanent rental.
The result is a vicious circle: less offer, more competition between tenants and prices that continue to climb. In this context, experts agree that urgent and effective measures are needed to expand the offer, improve access to housing and prevent a growing part of the population from being excluded from the market.
