Spain's Housing Crisis and Rising Homelessness
Spain's Housing Crisis and Rising Homelessness
Spain's Housing Crisis and Rising Homelessness
News summary

The housing crisis in Spain, particularly in cities like Madrid, is worsening, pushing many, including pensioners like Francisco Carrillo, into homelessness due to high rental prices and a shortage of social housing exacerbated by holiday lets on platforms like Airbnb. There has been a 24% increase in homelessness since 2012, affecting 28,000 individuals, with around 45% of renters facing the risk of poverty or social exclusion. Spain's social housing stock is only 1.5% of all homes, well below the European average of 9%, leading to fierce competition for private rentals, with 40 responses per listing in Madrid. The government plans to add 184,000 public housing units in the next three years, aiming to match the European average by 2027, but an additional 1.5 million homes may be needed to achieve this target. The crisis extends to popular tourist destinations like Tenerife, where a tourism boom has led to the emergence of shanty towns, forcing even essential service workers to live in caravans or makeshift homes due to soaring property prices.

Story Coverage
Bias Distribution
100% Center
Information Sources
a3544a73-dab3-486d-ae75-bd4d15f01f55
Center 100%
Coverage Details
Total News Sources
1
Left
0
Center
1
Right
0
Unrated
0
Last Updated
122 days ago
Bias Distribution
100% Center

Open Story Timeline

Story timeline 1Story timeline 2Story timeline 3Story timeline 4Story timeline 5Story timeline 6Story timeline 7Story timeline 8Story timeline 9Story timeline 10Story timeline 11Story timeline 12Story timeline 13Story timeline 14

Analyze and predict the
development of events

Related News
Daily Index

Negative

21Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News