Politics · Spain · 5 hrs ago

Housing crisis takes centre stage in Spain’s snap election

Housing crisis takes centre stage in Spain’s snap election

Spain’s housing crisis is a central issue in the snap election called by Prime Minister Pedro Sánchez after lawmakers rejected housing measures.

A nationwide general strike is planned for Wednesday, weeks before voters go to the polls on November 29.

Home prices rose 80% from 2015 to 2025, while salaries increased by 30%, and rents have also climbed.

The shortage is especially difficult for young people, many of whom still live with their parents because they cannot afford a home.

Spain needs 750,000 homes to address the current shortage, according to the Bank of Spain, with the gap forecast to reach one million by 2028.

Parties are offering different remedies, including building more homes, changing housing rules and taxing large property owners.

The next government will inherit the affordability crisis, while proposals to increase housing supply and regulate the rental market remain contested.

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What people are saying

Pedro SánchezPrime minister of Spain
Every generation has its struggle
via Politico Europe
Ours is housing, and we will solve it, backed by the strength of the people.
via Politico Europe
Javier GilSpanish National Research Council housing expert
The cash didn’t disappear from the market; it just ended up in the hands of investors
via Politico Europe
Jorge GalindoDirector of EsadeEcPol
The offer available has fallen, more sharply since the housing decrees
via La Vanguardia