Spain is facing a growing housing crisis, driven by a perfect storm of factors. A severe shortage of social housing, coupled with rising rental costs, is leaving many Spaniards struggling to find affordable accommodation. The situation is exacerbated by a booming tourism sector, which has led to an increase in short-term rentals, further reducing the supply of long-term housing options.
The lack of affordable housing is pushing people into homelessness, with official statistics showing a 24% rise in homelessness since 2012. The crisis particularly affects vulnerable groups like the elderly, who are facing eviction as landlords seek higher returns from short-term rentals.
The Spanish government is attempting to address the crisis through increased social housing construction, but the current rate of construction falls far short of what is needed. Private investors are also stepping in, but more comprehensive solutions are needed to address the complex issues driving the housing crisis.