Spain’s worsening housing crisis has emerged as a major issue in the upcoming snap election, particularly as young people struggle to afford homes and rental properties.
According to reports, around 73% of Spaniards own their homes, but more than half of those aged 18 to 34 still live with their parents or rely on them financially.
House prices reportedly rose three times faster than wages last year, while the country faces an estimated housing shortfall of 750,000 homes.
Political groups have proposed different measures to address the crisis, including rent controls and restrictions on corporate purchases of real estate.
Meanwhile, the right-wing opposition has pledged to build 250,000 new homes annually if elected.
Protests have also continued in parts of Spain, with tenant groups calling for stricter measures against companies they accuse of driving up housing costs and contributing to evictions.
(Photo Courtesy: Reuters)
