The housing situation in Cádiz is becoming increasingly challenging for many families, even those with solid employment. A couple, registered as applicants for Procasa and with two stable incomes, has expressed their frustration at having to give up one of the 29 newly built VPO units in the Los Chinchorros neighborhood. Despite years on the waiting list, the initial financial demands make the purchase unfeasible.
“"The conditions are unaffordable. We've crunched the numbers and consulted banks and advisors, but there's no way to meet the initial payments."
The total price of the VPO is 274,000 euros, a figure that, while competitive for the open market, is problematic for subsidized housing. The main difficulty lies in the initial outlay: 3,000 euros for the reservation, followed by 30,000 euros in less than fifteen days, and the remaining 34,000 euros spread over 17 monthly payments of 2,200 euros each. These payments, required before the mortgage, are considered excessive for most families.
Furthermore, mortgage uncertainty adds another layer of complexity. Banks do not guarantee mortgage conditions 17 months in advance, which entails a significant risk of losing invested savings if financing is not approved or conditions are unfavorable. This situation creates a "leap of faith" for buyers, who lament the lack of flexibility in the purchase conditions offered by the developer.
“"After this, it makes you want to respond to the City Council when they talk about the registration campaign or that the city's census cannot drop below 100,000 inhabitants. It's impossible to get housing in Cádiz."
The family emphasizes that this problem is not an isolated case, as other residents of Cádiz are also rejecting these homes. The situation highlights the difficulty of accessing housing in the city, even for those who meet income requirements and are registered in the Procasa applicant registry, which could affect the population census of the capital of Cádiz.
