Housing crisis, Spain Edition

Protesters march in major Spanish cities to demand affordable housing, following news of new evictions. In the latest episode of our informative series “Corruption Chronicles”, San Juan: the Truth About a City’s Housing Crisis…

Housing crisis, Spain Edition

Protesters march in major Spanish cities to demand affordable housing, following news of new evictions.

In the latest episode of our informative series “Corruption Chronicles”, San Juan: the Truth About a City’s Housing Crisis takes a close look at Spain’s deepening crisis in housing affordability.

Rents in Spain were 50% cheaper when Spaniards began to experience a two-decade-long housing boom in the mid-2000s.

Thousands took to the streets to declare their homes as public properties – a policy then enforced by the Socialist government of Prime Minister Jose Luis Rodriguez Zapatero.

Since then, rising house prices, rising interest rates and falling rental prices have led many people to move out of the country and to get a jump on the market before prices drop even further.

In San Juan, ten years after the property bubble burst, very few have managed to find a decent place to live.

Read the full article here

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