THE housing crisis in Spain has allowed more than 6 million people to see themselves in “risk of poverty» or “social exclusion” throughout their lives, according to the latest statistics published by Eurostat and consulted by OKDIARIO. Thus, 12.6% of Spaniards find themselves in this situation due to the circumstances of the country’s real estate market.
Therefore, if we look at the demographics of the National Institute of Statistics (INE) following this percentage, more than 6 million Spaniards would have been seriously affected for one of the major problems facing the country.
THE European Commissionthrough a report, explains that in 2023, “in the EU, around 4.9% of people aged 16 or over reported having experienced housing difficulties throughout their life (a situation in which a person did not have their own accommodation and was forced to stay in temporary accommodation). This percentage was significantly higher in the case of people. risk of poverty or social exclusion (8.5%).
The situation in Spain is therefore much worse. The Spanish found themselves in these circumstances four points percentages higher than those of Europeans. Thus, Spain occupies tenth place in this ranking, but well above the average for the euro zone and the Twenty-Seven in general.
At the European Union level, the highest rates of difficulty in renting accommodation were observed in the age groups of 16 to 29 years old and from 30 to 54 years old, with 14.8% and 14.7% respectively.
These figures drop to 12.8% in the group aged 55 to 64, and fall even further to 6.7% among those aged over 65. Data shows that people at risk of poverty or social exclusion, whatever their age, are most affected by difficulties in accessing education. renting a house. However, this trend decreases as age increases.
In particular, among people in situations of economic vulnerabilitythe greatest difficulties are recorded in the group from 30 to 54 years old, with 27.7%, followed by 24.0% in the group from 55 to 64 years old and 22.1% among those between 16 and 29 years old.
The lowest percentage is found among over 65 years oldwhere only 12.9% of people at risk of poverty or social exclusion reported having difficulty renting accommodation.
Housing crisis in Spain
So, although the housing crisis is common to many European countries, it affects Spain in a particular way. He real estate prices in Spain increased by 3.6% in the second quarter of the year compared to the previous three months, which had not happened since 2015. In fact, if we ignore the second quarter of this year, at during which the cost of real estate increased by more than 4%, such high percentages had not been seen since 2006, just before the epidemic real estate bubble.
While in the countries that use the euro As a currency, the price of housing increased by 1.6% in the second quarter, in Spain it increased by 3.6% over this period, almost a point more than in the first three months of 2024.
According to Idealisticreal estate agencies warn that housing prices They will continue to increase, which could be due to the lack of new buildings as one of the causes.
Thus, the majority of agents expect an increase in supply in the tradebut more and more professionals expect fewer operations this summer. At the same time, leases remain tight, with higher rents and less supply on the market.
On the other hand, the rent index increases by one and a half points (59.7 points), triggered by forecasts of further price increases, even if it is once again underlined by the housing shortage for rent.
54% of professionals consulted by Idealista said they hope to attract more homes for sale, the same percentage who hope to carry out more operations in the coming months, while 40% say prices will continue to rise. 54% expect prices to stay the same and only 3% think they will fall.
