A recent analysis by the Bank of Spain highlights the difficulty of accessing property ownership in Seville, where over seven years of net income are required to buy a house. This figure surpasses the national average.
The inability to purchase property significantly drives demand in the rental market. However, the situation for tenants is also challenging, with nearly half facing what is considered an excessive financial burden.
“"Young people allocate up to 44.5% of their income to pay rent."
This tense housing market scenario is exacerbated by several factors: stagnant wages, a limited supply of new constructions, and the increasing pressure from the proliferation of properties intended for tourist rentals.
