In the Martiricos neighborhood, the urban landscape is undergoing a drastic change. What were once bustling streets with long-standing shops are now predominantly residential buildings. This situation, replicated in other areas of the city, is a clear indicator of the housing crisis facing Málaga.
The Málaga City Council, through its Urban Planning department, processed nearly 300 applications to convert ground-floor commercial units into homes last year. Real estate developers estimate that the housing deficit in the capital increases by about 700 units annually, which could raise the total need to over 30,000 homes in the next decade.
“"The situation here is sad; most of the premises have been converted into homes, removing everything that was life in this neighborhood. Before, you would go out at nine at night and there were people; the neighborhood is being destroyed."
This phenomenon has led to entire neighborhoods losing essential services such as butcher shops, fishmongers, or hardware stores, creating a desolate atmosphere for many residents. The authorization of approximately five changes of use per week in cities like Málaga, with minimum requirements of 30.50 m² for studios, has led to some premises being divided into up to ten homes.
The conversion of these properties can increase their value by 30% to 40%, making it an attractive business for investors seeking properties for holiday rentals or long-term stays. Despite a moratorium in Málaga restricting the registration of new tourist housing, the transformation of commercial premises into residences remains a widespread practice.
“"The obstacles and all the problems, taxes like the quarterly self-employment tax, the rent for the premises, as well as electricity and water costs… the truth is, it all becomes a bit more uphill."
Small business owners, struggling against tax burdens and high rents, see their profits dwindle, making their work increasingly difficult. This situation not only affects the local economy but also reduces social life and the sense of community in the neighborhoods.
