nuSep 15, 2026, 07:35

Buying a home is becoming increasingly difficult in Spain as well

Spain is facing an intensifying housing crisis as property prices continue to rise due to insufficient construction and growing population demand. The European Commission has proposed new legislation to help member states, including those like the Netherlands, address the broader regional challenge of housing affordability.

Housing in Spain has become significantly less affordable as the ratio between property prices and average incomes has deteriorated since 1980. Data from the Spanish central bank and the OECD indicate that urban centers like Madrid and Barcelona are particularly affected, as high demand for housing far outstrips the rate of new construction. This upward trend in property values has persisted for over 11 years, according to the national statistics office.

The housing crisis is a broader issue across the European Union, with many member states, including the Netherlands, facing similar challenges regarding affordability for first-time buyers. In response, the European Commission has introduced a proposal for an affordable housing act to help nations identify critical areas of need and implement effective policies. As Spain experiences economic growth and a rising population, the inability to accelerate residential development continues to exacerbate the scarcity of homes and drive up costs for prospective buyers.

Economy Business World

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

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