Home rentals in Spain have overtaken pre-crisis levels

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HOUSE rents in Spain have overtaken pre-crisis levels, a Bank of Spain report found.

Entitled Recent evolution of the housing market in Spain the report also pointed out that the proportion of those renting homes remains low.

Nevertheless, this is gradually rising and while 14.2 per cent of the population lived in rented properties in 2009, this grew to 17 per cent in 2017.


The 16 to 29 age group is the worst-affected by higher rents, the Bank of Spain survey found.

Average earnings between 2008 and 2016 fell by 15 per cent for the 20-24 age group and 9 per cent for those between 25 and 29.

Neither were employment figures encouraging, although 2013’s jobless rate of 42.4 per cent for the 16-29 age group had fallen to 29.3 per cent.

But with soaring rents, their precarious employment prospects were closing the door for many young people, the Bank of Spain warned.

Linda came to Spain to live when she was 24, just over 52 years ago, and her husband is Spanish. She began writing for English-language local newspapers in the mid-1970s and hasn’t stopped since! She leads a Spanish life, which she believes is vital when conveying the news to English-speaking residents, and along the way she produced two editions of Expand Your Spanish, helping English-speakers to enlarge their knowledge of the language. She was excited to be in at the birth of the Euro Weekly News in 1999 and is still passionately writing for the paper 22 years later.


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