Spain is currently grappling with a housing crisis that has sparked widespread protests. Citizens expressed their anger over skyrocketing rents and a lack of affordable housing, with average rents doubling and house prices surging by 44% over the last decade. The tourism boom has exacerbated the situation, leading to a housing shortage and a significant decline in rental supply since the 2020 pandemic. The government faces the challenge of balancing the needs of tourists with those of local renters, while public housing remains critically low compared to other European countries.
"Demonstrators have returned to the streets in anger over high housing costs with no relief in sight; hundreds of thousands marched in cities across Spain against soaring rents."
"Spain's centre-left government has struggled to balance attracting tourists and keeping rents affordable; average Spanish rents have doubled in the past decade, while supply has halved since the pandemic."
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