In Spain and Portugal, it was decided to invest in public housing to cope with rising housing prices and rental fees.
While the days are counted for the local elections in Spain on 28 May and the general elections at the end of the year, the housing problem is one of the most talked about issues in the country.
According to the first plan announced; 35 thousand houses owned by a company called Sareb, which was founded in 2012 with the purchase of real estate in banks that went bankrupt in the real estate crisis in 2008, will be rented at affordable prices. Another 15 thousand houses will be built on the lands belonging to Sareb. Thus, the stock of public housing, which is currently 290 thousand, will be increased.
%3 CEILING ON RENT INCREASES IS ON THE AGENDA
The application of a 3 percent ceiling price to the rent increase across the country will also be presented to the parliament next week.
According to the data of a real estate portal in Spain; In March, rental fees increased by 10 percent compared to the same month of the previous year and reached 11.55 euros per square meter per month.
In Spain’s neighbor Portugal, there is an increase in housing prices in Lisbon and Porto, the largest cities of the country. Last year, it was decided to invest 2.4 billion euros in social housing until the end of 2026. Last week, a law was submitted to the parliament allowing the state to lease vacant private properties by converting them into social housing.
Public housing is estimated to be around 7.5 percent in the European Union, while it is estimated to be around 2 percent in Portugal and between 1 and 3 percent in Spain. It is stated that this figure is 14 percent in France and 17 percent in England.
It is stated that 32 percent of young people in Europe live separately from their families, while this figure is only 16 percent in Spain.