Connect with us

housing crisis

Brussels Tells Spain To Build More Social Housing As EU Makes Spanish Housing Crisis ‘a Priority’ – Olive Press News Spain

Published

on

brussels-tells-spain-to-build-more-social-housing-as-eu-makes-spanish-housing-crisis-‘a-priority’-–-olive-press-news-spain

BRUSSELS is calling on Spain to address its housing crisis through taking actions to strengthen its supply of social and affordable homes.

The European Commission has identified Spain’s housing crisis, and specifically its impact on young people as a top priority for the country to address.

According to the Bank of Spain, 40% of Spanish tenants are spending 40% of their income on rent. In comparison, the EU average is 27%.

READ MORE: Raft of new property taxes to hit foreign buyers and tourist flat landlords to ease Spain’s housing crisis

It noted the massive growth in tourism in the country and demand for temporary accommodation had reduced the availability of homes for locals. However, it also called out Spain’s social housing shortage and slow construction as another reason for the crisis.

“Selective increases in housing development volumes could have fundamental benefits in Spain, as they would improve the absorption capacity of labor supply in metropolitan areas while boosting domestic supply,” the Commission document released on Wednesday said. 

It recommended Spain: increase the housing supply by completing the reform of land law, reduce permit processing times for new builds, eliminate administrative bottlenecks, and address labor shortages in the construction sector.

READ MORE: Aid for young renters in Mallorca: €250 offered to combat housing crisis

Andalucia

Sevilla students feeling the crush of Spain’s housing crisis

Published

on

By

STUDENTS studying in Seville have to pay an average of €350 for just a room in the Andalusian capital.

The rental market in Seville has already increased by six percent compared to last year.

A new study released by Live4Life, the first Spanish online rental platform offered just to students found that in 2023, the rental costs for a room in Seville was €300, and it’s already increased by €50 extra in just two years.

That’s an extra €50 that students could be spending on their studies, their extracurricular activities, and putting back into their savings to plan for their future.

READ MORE: Aid for young renters in Mallorca: €250 offered to combat housing crisis

Instead, they’re having to work extra hours, ask parents for extra money, and fundraise, when they should be having the time of their lives, learning about themselves and growing into their future careers.

Seville is not the only city putting increasing pressure on its students.

In Alicante, the increase for rental costs for students was 23 percent in the past year, the highest ever.

In Valencia, the increase was 14 percent, and in Madrid, it was 10 percent.

Students – not on full time wages – are facing the same rental costs for those who work full time.

Live4Life Seville office director Andy Reyes recommended students hoping to study in Seville look to Tiro de Linea, Macarena, and Oliva to find rooms still averaging around €300 a month.

READ MORE: Thousands of American students blocked from attending university in Spain thanks to new red tape

Continue Reading

housing crisis

Brussels tells Spain to build more social housing as EU makes Spanish housing crisis ‘a priority’

Published

on

By

BRUSSELS is calling on Spain to address its housing crisis through taking actions to strengthen its supply of social and affordable homes.

The European Commission has identified Spain’s housing crisis, and specifically its impact on young people as a top priority for the country to address.

According to the Bank of Spain, 40% of Spanish tenants are spending 40% of their income on rent. In comparison, the EU average is 27%.

READ MORE: Raft of new property taxes to hit foreign buyers and tourist flat landlords to ease Spain’s housing crisis

It noted the massive growth in tourism in the country and demand for temporary accommodation had reduced the availability of homes for locals. However, it also called out Spain’s social housing shortage and slow construction as another reason for the crisis.

“Selective increases in housing development volumes could have fundamental benefits in Spain, as they would improve the absorption capacity of labor supply in metropolitan areas while boosting domestic supply,” the Commission document released on Wednesday said. 

It recommended Spain: increase the housing supply by completing the reform of land law, reduce permit processing times for new builds, eliminate administrative bottlenecks, and address labor shortages in the construction sector.

READ MORE: Aid for young renters in Mallorca: €250 offered to combat housing crisis

Continue Reading

Balearic Islands

Aid For Young Renters In Mallorca: €250 Offered To Combat Housing Crisis – Olive Press News Spain

Published

on

aid-for-young-renters-in-mallorca:-e250-offered-to-combat-housing-crisis-–-olive-press-news-spain

YOUNG people will soon be able to apply for aid of up to 250 euros for renting apartments and rooms in Mallorca.

The second round of funding for the Youth Rental Bonus aid begins on Monday, June 9 to cover the costs of renting for a 24 month period from January 1, 2024, to December 31, 2025.

With room rentals of up to €450 per month now included in this funding round, the Balearic Government hopes even more young people will be eligible.

“We have requested that these amounts be increased , not only in the Balearic Islands, but also in other cities where rents are very high,” the Minister of Housing Jose Luis Mateo said. 

“We will continue to urge the Ministry to increase these limits because the intention is to provide aid to those who need it most.”

The aim of the grants is to make it easier for young people to rent on the islands, where rental crises are increasing disproportionately to monthly salaries. 

In the first round of funding, more than 1400 young people, aged up to 35 years old, received the grants. Applicants must have Spanish nationality or legal residence in Spain.

READ MORE: Outrage in Mallorca as German real estate company ‘makes fun’ of island’s housing crisis 

Continue Reading
Advertisement
Advertisement

Spanish Real Estate Agents

Tags

Trending

Copyright © 2017 Spanish Property & News