PROTESTERS IN SPAIN RALLY AGAINST HIGH RENT- House prices have reportedly increased by 44% over the past decade
Protesters in the northern Spanish city of Barcelona took to the streets to rally against expensive housing.
Average Spanish rents have reportedly doubled whilst house prices have increased by 44% over the past decade, far outpacing salary growth. Meanwhile, the supply of rental homes has halved since the 2020 pandemic.
Spain’s government has struggled to find a balance between attracting tourists and migrants to fill job gaps and keeping rents affordable for average citizens, as short-term rentals have mushroomed in major cities and coastal destinations alike.
