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The price of used housing increases 37% in 3 years, compared to 9.7% of wages

The price of used housing increases 37% in 3 years, compared to 9.7% of wages
The price of used housing increases 37% in 3 years, compared to 9.7% of wages
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Thus, in 2024 the per square meter was more than 13.6% and the wages offered rose 4.6%. “Access to housing has deteriorated significantly in recent years due to the disconnection between the evolution of the price of housing and salaries. Housing rises three times more than salaries, which reflects a structural problem that directly affects the purchasing capacity of citizens, especially young people and families with medium and low income,” said the director of studies and spokesperson for Fotocasa, María Matos.

The expert has pointed out that “Spain lives a demand boom to buy that, in the face of poor offer, , a very difficult situation to reverse, so accessibility to housing will continue to become difficult and accentuate social inequalities.”

In turn, the Director of Communication and Studies of Infojobs, Mónica Pérez, said that “in the three years the average evolution of the wages offered has shown an upward trend but both in 2022 and in 2023 it was not enough to compensate for the effect of inflation, which, in addition in the case of housing is triggered by the shortage of supply.”

“In 2024 we observed a in trend with controlled inflation and some recovery of purchasing power in , although the situation of the real estate market is still difficult to access housing for a large part of the population,” he said.

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