Spain's housing market has been facing significant challenges recently. Reports indicate that rents have surged by 80% over the past decade, while wages have not kept pace, leading to affordability issues for many residents. The government is considering measures such as imposing higher taxes on non-resident property buyers, particularly those from outside the EU, to address these concerns. theguardian.com
The increasing demand for housing in Spain https://worldestate.homes/en/spain/housing/ especially in major cities like Madrid and Barcelona, has led to a competitive market. This demand, coupled with limited housing supply, has contributed to rising property prices. Potential buyers should be aware of these dynamics and consider exploring opportunities in less saturated markets or emerging neighborhoods to find more affordable options.
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RE: Is housing in Spain becoming less affordable?
