The wealth gap between young and old in Spain is skyrocketing and we have a suspect: housing

Just look at the list of greatest fortunes in Spain of the last two years to realize that not only have their assets grown, but even among the wealthiest a gap has been created increasing among the rich and ultra-rich. This wealth gap is not an isolated phenomenon among the richest 1%, but rather has permeated to the entire population, leaving a worrying generational scar to which they have already put a figure: 340,000 euros. That is the difference in assets that today separates a person under 35 years old from someone who is between 65 and 74, according to a report which has just been published by the Santalucía Institute. A generation that starts from scratch. The data from the report maintain that the median wealth of those under 35 years of age in Spain has plummeted by 76.7% in the last 18 years. Not only do they accumulate fewer assets than their parents at the same age, but a growing proportion of young people “lack significant assets, which limits their financial stability and their ability to undertake long-term vital projects,” the report notes. The participation of young people under 35 years of age in the country’s total net wealth went from representing around 8.2% of the national wealth in 2002 to just 2.1% in 2022. For their part, those over 75 years of age, in the same period, went from representing 8.3% of total wealth to 18.3% in 2022. wealth transfer that has been redesigning the economic map of the country. This means that, although the net wealth of Spanish households has grown by 80.9% in the last two decades, this growth has mainly benefited those who already had a certain initial wealth, making the balance of wealth growth lean more towards the older (and more wealthy) population. The brick that only rose for a few. The report from the Santalucía Institute assures that the heritage in Spain rests almost completely in the homethus explaining the origin of the wealth growth of the oldest segment of the population. More than 80% of household assets are real estate. That has favored those who bought properties when prices were affordable. Those that came laterToday’s young people have found a market where buying a home is little less than a utopia. The property rate among those under 35 years of age has fallen from 35% in 2023 to 30% in 2025, continuing with a clear downward trend. Without home ownership and with skyrocketing rents At historic highs, the assets of young people have no basis on which to grow. Added to this is the job insecurity that characterizes this age group, which further reduces their savings capacity, closing a circle of which it is increasingly difficult to escape. The generation gap in figures. According to data from the ‘Family Financial Survey‘ conducted by the Bank of Spain, the gap between generations reached its historical maximum in 2022 and rose an additional 3% in 2024, the last year for which the entity’s data is collected. People between 65 and 74 years old accumulate on average more than 425,000 euros in deposits, investments and real estate assets, compared to the 83,000 euros that, on average, those under 35 have available. The distance between generations, estimated at 340,000 euros, has never been so great. Beyond the gap between generations, a report Prepared by FEDEA economists based on data from the Bank of Spain, it confirms that wealth inequality in Spain has grown constantly in the last two decades. The richest 1% concentrates around 21% of the country’s total wealth, while the poorest half barely reaches 7%. The Gini index, which measures this inequality, has risen from 0.57 in 2002 to 0.69 in 2022. Income also distances. The problem for the youngest is not only the accumulated wealth, but also in the income they receive every month. The median income of households between 65 and 74 years old already reaches 34,700 euros per year, this is 2,700 euros above what households headed by those under 35 years of age earn. The most striking thing is the speed at which this change has occurred since, in 2022, that difference was just 500 euros per year, but in just four years that difference has multiplied by five. Young households already have 8% less income than older households. Less income, less savings, less assets. The Santalucia Institute report, just as the OECD for yearswarns that this model points to structural inequality that will have direct implications for housing, the ability to save (and consume), and the redistribution of wealth. In Xataka | How wealth inequality has changed in the world since 2008, explained with a simple graph Image | Unsplash (Towfiqu barbhuiya, Brayn Ramos)

The periphery was always the refuge of those fleeing the housing prices of Madrid. That’s over

With an untouchable market, exorbitant prices and draconian conditionsfor years many residents of Madrid who wanted to buy a house had no choice but to look outside the capital, in the metropolitan area. The logic was very simple: perhaps they couldn’t afford a flat in Castellana, but they could in Alcobendas, Coslada, Leganés or Móstoles, towns relatively well connected to Madrid and with more ‘friendly’ real estate markets. The problem is that these shelters are becoming fewer and fewer shelters. Where do I buy a house? There was a time when the answer to that question was obvious. One bought where one could, but usually the market offered enough margin so as not to have to leave the municipality in which one wanted to live due to roots, personal ties or work. In recent years that margin has been increasingly narrowing in cities like Madrid or Barcelona, ​​forcing buyers to consider your future beyondin metropolitan areas. There are even people who, taking advantage of teleworking and the improvement of public transport, decide to put their things in boxes and move dozens (or even hundreds) of kilometers away without giving up their jobs in Madrid. It is something that is already perceived, for example in Valladolidwhich has seen its registry grow thanks in part to Madrid residents who come there attracted by a more affordable residential market. There are around two hundred kilometers by car between both cities, but the AVE allows you to cover the journey in just over one hour. Click on the image to go to the tweet. Is it a real solution? The problem, like pointed out a few days ago José Manuel García Suárez in Their prices may still be lower in many cases than those paid on average in the capital, but that distance is being reduced little by little. What’s more, the more affordable their markets were initially, the faster they seem to be becoming more expensive, lowering their value as housing ‘havens’. What does that mean? Although housing in these locations is still cheaper than in Madrid, the m2 has begun to become more expensive than in the capital, which raises an uncomfortable question: Will they continue to be an alternative for those fleeing the capital? And if so, how long? The phenomenon is best understood with Idealista data. Right now on the real estate portal, the average residential m2 in Madrid is offered at 5,960 euros. Except for some luxury developments, there is no town in the province with such expensive housing. However, what Madrid no longer stands out for is the rate at which prices rise. According to Idealistahouses have become more expensive there by 12% in the last year compared to 16% in Pozuelo de Alcorcón, 19.8% in Majadahonda, 19.3% in Alcobendas, 16.2% in Rivas-Vaciamadrid or 20.8% in Getafe. Population Price (March 2026) Quarterly variation Annual variation Madrid €5,960/m2 +2.4% +12% Alcobendas €3,962/m2 +3.5% +19.3% San Sebastian de los reyes €3,861/m2 +3.4% +12.1% Three Songs €3,904/m2 +2.1% +16.9% Las Rozas €4,031/m2 +3.3% +19.2% Majadahonda €4,675/m2 +4.6% +19.8% Pozuelo de Alarcón €4,966/m2 +2.8% +16% Boadilla del Monte €3,924/m2 +2.6% +17.4% Mostoles €2,924/m2 +4.5% +20.6% Leganes €3,120/m2 +2.1% +20.2% Fuenlabrada €2,810/m2 +4.6% +19.6% Getafe €3,162/m2 +3.7% +20.8% Rivas-Vaciamadrid €3,241/m2 +3.4% +16.2% Coslada €3,121/m2 +1.7% +23.5% San Fernando de Henares €2,983/m2 +1% +20.9% But it was something to be expected, right? More or less. That housing is becoming more expensive at a faster rate in Fuenlabrada than in Madrid capital is in a certain way logical. The higher a value is, the more difficult it is for it to register large percentage increases. In other words: that in Madrid housing has risen by 12% and in Coslada by 23.5% does not have to mean, in net terms, that the latter requires disbursing a greater amount of money. Making the above clear, data such as those published by Idealista show that the real estate market is overheating more quickly in the periphery than in the metropolis. And that is relevant because it paints a scenario in which the metropolitan area stops being the “plan B” of those looking for affordable housing. The phenomenon also It is not exclusive to Madrid. Something similar is happening on the outskirts of Barcelona, ​​which has seen how housing in Badalona, ​​Santa Coloma or Cornella de Llobregat becomes more expensive at a faster rate than in Barcelona. What can we expect? The outlook is complicated for several reasons. Firstly, because the Madrid or Barcelona market does not give any signs that it is cooling, not at least as far as prices are concerned. Also in Spain they continue to be created homes faster than new homes are being built, suggesting that the deficit that stresses the market will not be corrected in the short term. The question is how that will affect large metropolitan areas. Teleworking and public transportation mean that there are more and more people willing to live far from their jobs (the number of those who live and work in different provinces has increased by 30% since 2019), but cases such as those in Madrid or Barcelona show that price increases do not take long to spread to new markets, especially targeting the most affordable ones. Image | Joshua Aguilar (Unsplash) In Xataka | In its crazy rise in housing prices, Madrid has just broken a barrier: that of the most expensive apartment in its history

Beyond prices and vacation rentals, housing in Madrid faces a huge problem: irregular houses

Beyond price escalation, the pressure of the vacation rental or the decoupling Between the speed at which homes are created and new buildings built, in Madrid the real estate market faces a tricky challenge: irregular developments. The latest data of the Community of Madrid reveal that in the region there are dozens of settlements of illegal origin that bring together thousands of homes that start from an irregular situation. all one hot potato for administration. What has happened? The data has revealed it The Newspaper. The Community of Madrid has registered almost 200 developments built without the necessary permits, settlements of illegal origin that add up to thousands of homes. The calculation is based on an update of the inventory from the 1980s, when 136 irregular settlements were identified. The figure has changed since then for two reasons. The first, because there were nuclei that have managed to regularize themselves. The second, because the technicians have added to the list others that (for one reason or another) did not appear in the catalog that accompanied the 1985 regulations. What do the figures say? If you walk around Madrid you can find dozens of housing units built without respecting the regulations. Some very populous. Specifically, The Newspaper talks about 184 urbanizations or settlements of illegal origin and some 10,500 homes. The figure is partly explained because the 1980s census incorporated almost a hundred new consolidated residential areas. The Ministry of the Environment clarifies that in most cases they are the result of “urbanization processes outside the law” and “lacking planning”, which explains why they often do not offer “minimum conditions for urbanization.” Are all cases the same? Not at all. Not all urbanizations identified by the Community of Madrid are the same nor do they have the same dimensions. Particularly noteworthy is the settlement of La Vega del Tajuñawhich brings together a large part of the residences in an irregular situation detected by regional technicians. Specifically, there are 5,513 distributed over more than 2,700 hectares. With those dimensions it would be the largest settlement of its kind in the community, although not the only one where hundreds of people live. In Camino Viejo de Madrid and Vega Baja del Guadarrama there are also more than 1,400 buildings and there are others, such as El Rondelo, Pico Valsarón or Dehesa Nueva, with hundreds of homes. The Community has also noted constructions located in locations very close to the capital, such as Improved Field. How is that possible? The circumstances and context are not always the same, but a few days ago EPE visited a nucleus of Mejorada del Campo that helps to understand how settlements like this can be formed in the heart of Madrid. Specifically, the newspaper visited a nucleus that began to form in the 1980s, driven by developers who parceled out rural land and sold the land at affordable prices, offering it as an ideal space for “urban gardens” with access to water. Time, use and the increasing pressure that affect housing prices in Madrid did the rest. What were initially huts designed for tools gave way to more ambitious installations. Is it something new? Not at all. And not only because the history of these settlements can go back a long time. At the end of 2025, the Community of Madrid has already issued a statement in which he recalled that in just four years he had inspected 1,906 “irregular constructions” on protected land. To be precise, the regional government spoke of 5,334.3 hectares “affected by this type of settlements”, also identified in 56 municipalities. “Of them, about 80% are concentrated in the plains of the main Madrid rivers, the majority in the areas of the Tajuña River (2,712.5 hectares), followed by the Jarama (1,019.5), Guadarrama (363.2) and Tajo (150.2)”, explains the Madrid Executive, which warns of the “risk” it represents “both for people and the environment.” Hence, this type of construction appears among the objectives of the Urban Inspection and Discipline Plan. Does it only happen in Madrid? No. Settlements of this type are also common in other parts of Spain, such as Catalonia. “There are many urbanizations that were built in the 60s, 70s and early 80s of the 20th century, which were marketed without the necessary planning, urban management or basic public services,” recognize from the Catalan Generalitat. “Of the 1,433 identified in the 2015 catalogue, there are 730 with urban deficits. Many are concentrated in small municipalities and the tendency to convert housing estates into primary residences aggravates their situation,” acknowledges the regional government. The topic is complex because, as remember EPE When talking about the Madrid case, the legal framework varies over time: if a home built on non-developable land remains long enough outside the ‘radar’ of the authorities, the crime expires and can no longer be demolished. Images | Community of Madrid Via | The Newspaper In Xataka | Madrid believed itself immune to the TukTuk plague in the most tourist cities in the world. Now someone wants to ban them

If the solution to the housing crisis in Spain is “building taller buildings”, Alcalá de Henares has taken it seriously

If you want to solve your residential deficit and stop the upward spiral of prices, Madrid needs housing. tens of thousands of housing, if we trust the calculations carried out by the real estate sector. With that backdrop in the capital (as in other points of the country) has opened a debate: Should we look up? That is to say, if houses are needed and the buildable land is what it is, has the time come? replant the height of buildings, both in established neighborhoods and in new real estate developments? In Alcalá there are those who believe so. In fact, the birthplace of Cervantes has started the countdown to provide one of the tallest skyscrapers in the community, a tower of almost 30 levels. What has happened? That Alcalá de Henares seems to have unblocked an ambitious real estate project that it had been years on the table: a tower that, once completed, will become one of the tallest residential buildings in the Community of Madrid. The news has revealed it the company Ten Brinke, which has partnered with Invesco Real Estate to carry out the operation. Although not many details of the project have been revealed, it is known that the building will be around 30 floors and will exceed the 300 homeswhich will redefine the skyline of the city and will surpass La Garena, an office tower 17 floors and 71.7 m which now dominates the town’s skyline. There are those who now slide that the new construction will be the first residential skyscraper in Alcalá de Henares and one of the few in the Community of Madrid that exceeds 25 heights. What do we know about the project? In the statement In which he announces the “closing of the operation”, Ten Brinke slips a couple of clues about the future property: it will be residential, it will exceed 300 homes and will have 28 levels in total, a sum of 25 floors in height, the ground floor and two underground levels. Furthermore, Ten Brike clarifies that the developers will bet on a “product mix” formula, including family housing, premium apartments and “spaces aimed at modern living.” Regarding deadlines, he states that the works will start “in the coming weeks”, without outlining a delivery schedule. Has anything else transpired? In recent days the Madrid press has pointed out various details to adults, such as that the objective is for the homes to be used for rental marketthat the tower will be around the 80 meters high and that will be located in the Francisco Anton streetnext to the new GAL neighborhood. The SER chain assures that the project has actually been licensed since 2021. A few years ago was announced an ambitious residential development, the Tower (or garden) Cervantes, with buildings 25 stories high. The Idealista portal even reached advertise The apartments, which were offered from 256,000 euros and also stood out for their common areas, with more than 15,000 m2 of gardens and recreational areas that included an outdoor pool. At that time (2024) the idea was to deliver the first keys towards the summer of 2027. Why is it important? Beyond the relevance of the project and its impact on the Complutense skyline, the tower is important because it will inject 300 new homes in a town that has seen how rents and the price per m2 have become more expensive in recent years, in line with the rest of Madrid. According to the Idealista portal, in February the m2 It cost €2,74419.3% more than in the same month last year. Regarding the rent, the m2 It was rented for €13.7which represents an annual increase (February 2025) of about 12%. The municipality has also seen its registry grow in recent years, going from 193,751 registered in 2018 to more than 203,200 residents, according to the tables of the INE. Images | Ten Brinke In Xataka | Madrid is discovering that there is something more controversial than the ‘tazo’ of garbage: where the hell to put a canton of garbage

Tokyo is one of the few cities in the world that has managed to maintain housing prices. His secret: build

“If you can’t solve a problem, make it bigger.” This oft-repeated maxim (and mistakenly coined for Dwight D. Eisenhower) can be good advice when it comes to housing: Expanding the scope of a problem can make new solutions possible. Japan is the world’s best example of an advanced industrial democracy with abundance of affordable housing with low carbon emissions. To build. The key to Japan’s success is its unusual degree of national control over zoning and building rules. Centralized authority trumps local housing obstructionism. Tokyo builds more housing in a year than all of California or all of England, which have 3 or 4 times its population. In the largest megalopolis in the world, the way Rents stay low in the long term is to build. National decisions. The political scientist Grant McConnell wrote on the classic articulation of the view that the national government is more likely to solve difficult problems than state or local governments. Small can be beautiful, the reasoning goes, but it can also be provincial, backward and oligarchic. This logic fits well with the housing issue: Putting much more at stake, all at once, in one big fight, rather than piece by piece in hundreds of separate local fights, could disrupt the housing war. More homes around the world. The world has provided some examples of this. Japan has had extraordinary success in housing construction. He has long been a leader and expanded his leadership even further in recent years. Germany, Austria and Switzerland have always had good records, behind Japan but still performing well. France has stepped up, at least in Paris. These countries generally employ rule-based (or “by right”) building permit systems: if your plans check the stipulated boxes, building authorities have no choice but to sign. The Anglo-Saxons. On the other hand, English-speaking countries, including Australia, Canada, the United Kingdom, the United States and New Zealand, are lagging behind. Their permit systems are often more discretionarygiving local officials the power to approve or reject buildings at will. In many parts of these countries, especially their large cities, housing is expensive because it is scarce. For now, the Anglosphere suffers the worst housing shortages and prices. The Japanese case. The Asian country is the best example of the maxim of “magnifying” problems. Japan’s national government controls the use of land and buildings to a greater extent than national authorities in other countries. This control has grown in recent decades, even as other nations have gone into lockdown. The number of homes built per year in industrial democracies has fallen by more than 60% since 1970, according to The Economist. Meanwhile, housing construction in Japan has remained solid at all timesbroad public interest in abundant housing has triumphed over obstructionism. What did they do? To boost construction and lower prices, Japan redoubled efforts to allow more housing construction. He resorted, in particular, to administrative changes in building codes. “To help the economy recover from the bubble, the country eased the regulation of urban development,” explained Hiro Ichikawa, a construction development advisor. in the Financial Times. “If it hadn’t been for the bubble, Tokyo would be in the same situation as London or San Francisco.” Build, build and build. The results, in abundant housing, low prices and low carbon urban formswalkable and transit-focused, are notable. The city of Tokyo had 13.5 million residents in 2018. But the city built 145,000 new residences that year. Tokyo’s achievement was particularly surprising considering that the prefecture has very little vacant land, so almost all of those 145,000 homes were located in an existing neighborhood. The astonishing pace of housing construction in the capital has continued for years. Tokyo routinely builds more new homes than all of California (which has three times its population) or, in some years, all of England (which has four times its population). It has increased housing construction by 30% since the turn of the century, even as its population peaked and began to decline in 2007. disposable houses. It is true that Japan demolishes houses much earlier than other industrialized countriesso a large portion of their housing starts are replacement housing. But the much criticized Japanese culture of “disposable houses” It is actually one of the secrets of its success. Japan’s rigorous and up-to-date earthquake safety laws, plus a cultural attachment to new homes, mean that tiny houses in Japan often depreciate completely in just 30 years and are replaced soon after. Because housing is renovated quickly, the country has a much better chance of installing larger buildings. In parts of the US, where buildings typically have an economic life of 100 years, you only have one chance per century to replace a house with an apartment building. In Japan, you get three. More housing. The prefecture has tripled its stocks of housing in the last 50 years and has expanded the number of residences in the city by about 2% annually since 2000. In fact, its overall housing unit growth rate was three times faster than London or New York in the 2010s. Among the 14 megacities around the world, only Singapore and Seoul surpassed Tokyo in the pace of overall housing growth. Thanks to the Japanese program to govern housing, Tokyo Prefecture and the world’s largest metropolis have completely avoided residential closures. Japan seems to have learned the maxim attributed to Eisenhower: if you can’t solve a problem, make it bigger. In Xataka | In its crazy rise in housing prices, Madrid has just broken a barrier: that of the most expensive apartment in its history In Xataka | Tenants and owners are not the same type of Spaniards: some pay €400 more than others for the same home Image | Yu Kato

The Government wants new buildings to include spaces for bicycles. There are those who warn that it will make housing even more expensive.

Europe wants its buildings to be increasingly ‘green’, an endeavor that Spain seems willing to take a step further. The Government has reviewed the Technical Building Code (CTE) to apply certain changes that prioritize precisely that: sustainability. If it goes ahead, the new CTE will pay even more attention to the energy efficiency of buildings, their polluting footprint and even proposes using buildings as a lever to promote sustainable mobility. With this last objective, a demand that has generated some controversy: that the properties must include a minimum of places for bikes. From the sector they already warn that the new requirements costs will skyrocket of construction at the worst time, with the price of housing shot. What has happened? That the Government has launched the institutional machinery to modify the CTEthe framework standard that details the basic requirements that buildings must meet. It is not a capricious change. In reality, it is an update that seeks to adapt the code to the guidelines set by Brussels, such as the Directive 2024/1275 of the European Parliament and Council. The Ministry of Housing and Urban Agenda is already advancing that it will be one of the “most ambitious” modifications since the CTE was implemented. What is the objective? The change seeks to give more weight to certain objectives set from Brussels, such as the “energy efficiency of buildings”“environmental sustainability” or control of the polluting footprint during the life cycle of buildings. One of the novelties in fact is the regulation of what European regulations call “global warming potential of buildings”, a way of quantifying the emissions of a property. With the current CTE, the Government also wants to review the anti-fire regulations (the change comes after the tragic fire of Valencia in 2024, which left several deceased) and use real estate as a lever for “sustainable mobility”. After all, buildings also usually include parking spaces. Housing has proposed that these spaces be planned from the beginning to make it easier for those who travel with electric cars, scooters or bikes. And how will he do it? Including a series of guidelines in the CTE. At the moment we have your draftbut it is clear: “Buildings with parking spaces for cars will have a minimum infrastructure that enables the charging of electric vehicles and will have a minimum provision of parking for bicycles.” The text does not stop there and specifies issues such as the minimum number or even the size of the spaces reserved for bikes. What does it say exactly? “Parking spaces for bicycles will have a minimum dimension of 2.00 x 0.4 m. From 20 spaces, 5% of the spaces will have a dimension of 2.5 x 0.9 m for bicycles with dimensions larger than standard, such as long bikes or for people with disabilities. In uses other than private residential, parking spaces will be marked in accordance with the highway code,” collect the text. The draft clarifies that these parking spaces must “preferably” be in the parking lot or the access floor and that, at a minimum, residential properties must incorporate two bicycle spaces for each home. The CTE clarifies in any case that town councils can regulate to reduce this general requirement. Things are somewhat different in properties that are not intended for housing. In them, bicycle parking spaces must cover “5% of the building’s total user capacity.” At what point is the change? What we have at the moment is the draft royal decree that modifies the CTE, a document that was kept on public display until December so that citizens, builders or any other group that wished could raise their “observations.” Once this mandatory requirement has been dispatched, the CTE must now continue with its processing, including, if the Government so deems it, the proposed corrections. If we talk about the guidelines on bicycle spaces (and in general the “sustainable mobility” chapter of the project) it is important to take into account a nuance: the changes are proposed for newly built buildings. The project It also contemplates that the guidelines be applied to existing properties, but only when they have undergone substantial renovations, extensions or changes of use. Has it generated controversy? It has certainly generated debate. And the reason is simple: there are those who already warn that, in general, the different changes applied to the CTE will make construction more expensive at the worst moment, in the midst of the housing crisis and with prices (especially rents) skyrocketing. Recently the College of Surveyors of Madrid did the math and estimated that in general the new CTE requirements (not only those related to bicycle spaces) will translate into thousands of euros of extra cost. How many? In a first phase, the new houses will become 12,000 euros more expensive. And that will only be at the beginning. When they are fully implemented, the extra cost will be even greater and will reach 18,000, making it even more complicated. the “cost of entry” to the homes. Images | Alexander Van Steenberge (Unsplash) and Liona Toussaint (Unsplash) In Xataka | Communities and neighbors have been wondering all their lives whether bikes can be parked in the hallways. The law leaves little doubt

How does this number of questions about housing work and what is it for?

Let’s tell you What is telephone 047 and how does it work?. This is a toll-free government telephone number to make inquiries related to housing, and it comes into force from February 2026. With this number, the Government tries to offer citizens a reliable and truthful way to resolve any doubts they may have about housing, but also advice regarding possible conflicts. Let’s explain everything to you. How telephone 047 works The telephone number 047 is intended to access accurate information related to housing. Come on, if you have any questions related to legal or technical aspects of the home, you can call and ask about your rights and obligations. In this number you can make inquiries about topics such as rentals, sales or problems of coexistence with neighbors. You may also ask about urban leases, horizontal property, eviction procedures, prevention mechanisms, social housing and situations of vulnerability or legal protection of tenants. This phone also offers legal advice and support against market abuses. If you believe that your rights are being violated, you can call for help. For this legal part, the Ministry has the collaboration of the General Council of Lawyers of Spain (CGAE), which brings together 83 professional associations promoting arbitration and mediation methods. The idea is that mediation can be done to avoid going to court unnecessarily when there are conflicts. There are three levels when answering calls. The first level of attention is for basic consultations on the first call, those that are about general issues regarding rights and obligations regarding rental, property and cohabitation. It is expected that the first level can resolve between 90 and 95% of calls. There will also be a level for more specific and less general questions, such as those about specific cases or specialized areas. And there will also be a level to help with legal support or legal advice related to conflicts regarding housing. This advice and advice will be extrajudicial, meaning it will not be helped if the conflict is already judicialized. This number will be available to all Spanish users, regardless of the telecommunications company we have contracted. We will simply have to dial 047 without any type of prefix or anything else, and you will be put in contact with the helpline. Initially this service will have 25 people of different profiles and levelswho are the ones who will answer the calls. Among them there will be lawyers and personnel with specific training in housing matters.

There is an acute shortage of housing supply in Spain. So the convents of Toledo have seen an opportunity

Toledo has had an idea to reinforce the meager housing supply in its historic center. In the city there is the curious contradiction that there is demand for flats for rent while around 150 buildings of the monumental area (both public and private) remain closed and without tenants, so… Why not solve both problems at once? With that philosophy as a backdrop, two convents in Toledo are preparing to become landlords and allocate part of their buildings to rent. The historic center sees its housing offer expand (although still timidly) and in the process the religious orders obtain a new source of income. Quite a ‘win-win’. What has happened? That in Toledo they want to kill several birds with one stone. For some time now, its historic center has faced three challenges that, although at first glance they seem to have little to do with each other, are directly related. The first is the shortage of residential rentals. In Idealista, just over a few are announced right now. 50 apartments for lease and many of them do so as seasonal rentals. For long stays the offer is only 33. The second challenge is represented by abandoned buildings. Last year, the Consortium of the City of Toledo did the math and found that in that same area of ​​the Castilian-La Mancha capital, 150 buildings unused, some in ruins. The third challenge is not so much the city itself but the religious orders that live there: How to achieve income in the 21st century? Where to get money to pay bills or unforeseen events such as repairing the roof of the Discalced Carmelites convent, sunk during a DANA in 2023? Connecting the dots. The Toledo Consortium has come to the conclusion that these three challenges can be connected and has had an idea: to renovate wasted spaces in convents in the city to convert them into homes. And not just any type of housing. Their objective is to move them to the long-term rental market, the one that has the most difficulties in the historic center and more pressured It is seen through tourism. For that purpose, in November The organization gave the green light to the tender for the renovation of two properties: one located in the convent of the Discalced Carmelites and the other in the Immaculate Conception (Nasturtiums). Between them there will be four homes. “New opportunities”. The objective, explains the manager of the Consortium, Jesús Corroto, is to advance in the recovery of the disused heritage of the historic center and in the process generate “new residential opportunities”, especially for young people. The idea is to rehabilitate a building attached to the Discalced Carmelites convent with 131,000 euros to provide it with two new homes with a total constructed area of ​​130 m2. Investments will be made in the Capuchinas property. 130,000 euros to open two new residences in what was once the Priestly House, built at the end of the 16th century. In any case, the organization wants to go further and not stay in those four apartments. The SER chain indicates that it aspires to enable at least a dozen of housing and has already transferred more proposals to other convents. Whether they go ahead or not will basically depend on the budget and what the religious decide. After all, the buildings are private, non-segregable and considered BIC. The initiative would allow the creation between 20 and 30 housesto which other services can be added, such as parking. “Rental ethics”. In the case of the new homes set up in convents, a peculiar circumstance will occur: the Consortium is in charge of the works, but unlike what happens with other accommodation promoted by the Municipal Housing Company, its price will not be limited by a maximum limit. Since these are private properties, it is the religious who must decide what rents they charge to their future tenants, although Corroto already advances in The Country that a “rental ethic” will govern. What the organization he directs has done is put an inflexible condition on the friars and monks of Toledo: the new homes must be dedicated to residential rentals, not become tourist apartments, a business that has already attracted other religious of Spain who have seen the need to take advantage of their buildings. In Seville, for example, not long ago some cloistered nuns agreed to offer a part of their convent to tourists through Airbnb. The reason: selling candy is no longer enough to pay bills. Between 37 and 60 m2. In the case of Toledo, the objective is for the new homes to be available in about a year. To make it possible, the religious orders will assume part of the works and furniture. Once the project is completed, the city will have new apartments with a useful area of between 37 and 60 m2. The residences will have to comply with the regulations that govern the Historic Center of Toledo and will have between one and two rooms. Images | Suraya_M (Flickr) and Wikipedia (Antonio Velez) In Xataka | Toledo has had enough of the mass tourism that saturates the city center. His plan to change it: China

There is a Europe that is suffocating to pay for housing and another that lives in peace. And this map shows the differences

Beyond the political ups and downs, corruption, unemployment, the war in Ukraine, or the (increasingly) convulsive scenario of international geopolitics, from time to time The CIS reminds us that there is a much more everyday problem that keeps us Spaniards up at night: access to housing. At the end of 2025 39.9% of those surveyed by the organization pointed out housing as “the main problem” facing the country. And it is normal if you take into account the mismatch between supply and demand, the pressure that carries out tourist rentals and (above all) the sharp rise in prices of recent years. Every time we talk about the residential market, however, the same question arises: beyond the exact cost of the square meter (m2), calculated by the General Council of Notaries, the executive or portals like IdealisticHow “unaffordable” is accommodation in Spain? What economic effort does it require from families? Is it more or less than what other European households must assume? Getting perspective Type of housing (in m2) available spending 40% of monthly income. ESPON, the program who is dedicated to studying cohesion of the EU, has published a series of maps that help answer these questions in a quick, direct and, above all, visual way. To prepare them, two parameters have been basically set: the prices of the real estate market for sales and rentals and the income data published by Eurostat. Everything divided by regions. By crossing them the organism has been able to carry out two calculations. The first is to estimate what type of housing (in m2) a person who allocates 40% of their income to this purpose can rent in each EU region. The second is what percentage of their rent that same tenant should dedicate if they wanted a 100 m2 house. Percentage of monthly income necessary to rent a 100 m2 home. ESPON does not stop there. He has also transferred those same questions to the buying and selling market residential. That is, what type of housing could a person willing to invest 40% of their annual income for an entire decade afford? And how many years would you have to endure that same budgetary effort if you wanted to buy a 100 m2 apartment? In both cases the maps are similar and they leave behind a series of conclusions, such as the profound differences that exist within the same country. “Regions containing and surrounding capital cities such as Paris, Berlin, Lisbon and Madrid tend to be less affordable compared to the rest of the nation. Additionally, coastal regions tend to be less affordable, which is also clearly seen in the Netherlands and Germany, Portugal, Spain and France.” Available housing (m2) investing 40% of the income for 10 years. Years necessary to buy a 100 m2 home investing 40% of the income. For example, while a Madrid resident willing to invest 40% of his annual income in housing would need between 20 and 25 years To pay for a 100 m2 house, a resident of the province of Teruel would need at most ten years of effort. In Barcelona it would need around 20-25 years while on the other side of the peninsula, in Pontevedra, between 15 and 20 years would be enough. The worst part in Spain is Malaga, the Balearic Islands and the Canary Islands, where ESPON calculates that on average a buyer would need to invest 40% of their annual income for more than three and a half decades. A very similar effort would have to be endured by the inhabitants of the Algarve, Setúbal, part of the Paris area, Monaco, Corsica or different points spread across Eastern Europe, where ESPON itself recognizes that “quite unaffordable” areas are concentrated. If we talk about the rental market, the panorama It’s not very different. A Madrid resident who would like to rent a 100 m2 apartment would need to dedicate (on average) between 80 and 90% of their income to it. The situation is worse in coastal points, such as Barcelona, ​​Huelva, Malaga and Eastern European regions. In the provinces of Zamora or Huesca they would be enough between 30 and 40%which is closer to the debt ceiling level than recommend assuming the experts. Images | Quique Olivar (Unsplash) and ESPON In Xataka | It is not a country for Spaniards: Madrid and Catalonia are losing national population while gaining foreign population

Tokyo was one of the few megalopolises that had kept housing prices in check. That’s over

For years half the planet (and another half as well) viewed Tokyo with a mixture of admiration, curiosity and envy. While other metropolises were dealing with increasingly expensive housing, which was expelling the most humble families, the Japanese capital made headlines On the contrary: in 2023 there were who presented it in fact as “the last big city with affordable housing.” At least if we were talking about rents. And that was the most populated city of the planet. There is signs that that is changing. Tokyo’ the affordable‘. Binyamin Appelbaum, columnist for The New York Times, I told it very well in 2023: while a couple on the minimum wage was unable to pay the rent for a two-bedroom apartment anywhere in the New York area, another Japanese couple with the same conditions (full-time work and the legal minimum wage) could afford equivalent housing in at least half a dozen districts of Tokyo. The Japanese capital was a benchmark, the example of rentals within reach of any pocket. “The last big city with affordable housing”, titled at full blast around those same dates the Australian newspaper Financial Review. Tokyo vs Manhattan. The data confirms that Appelbaum was not wrong. Although living in Tokyo is far from cheap, in 2023 the city had a residential offer large and diverse enough to not suffocate its residents. Even the most humble. In 2024 Michael Amerson, analyst at the US Department of Housing, explained that renting a one-bedroom apartment in central Tokyo cost around 80,000 yen, about $500. Other sources speak of between 630 and 1,580 dollars per month, but even those figures are far from the 4,000 that is asked for a home of the same type in Manhattan. “Unlike other metropolitan areas around the world, Tokyo has avoided a housing crisis. Residents can enjoy a vibrant urban lifestyle without having to shoulder the financial burden that residents of many other large cities bear,” pointed out Amerson. The reason? To a large extent Tokyo real estate culture. Unlike what happens in other metropolises, the Japanese capital has “an accelerated cycle of housing demolition and reconstruction,” which makes it easier to adapt to the needs of the market. But… And why is that? “People treat houses like cars,” Appelbaum joked in 2023. New construction is prioritized to such an extent that its weight in the market far exceeds that of other cities. Between 2013 and 2018, new housing represented 86% of sales in Japan, while in the US that percentage is usually around 15%. Unlike what happens in other cities that prioritize the conservation of their old buildings or pamper their historic districts, something different takes precedence in Tokyo: urban renewal. It is not just a question of the market or urban regulation. That way of thinking connects with his planning style and the history of a region forced to deal with natural disasters who has also seen how fire and the bombs They affected part of his assets. Added to this are regulatory issues that facilitate the progress of the works and their commitment to tall buildings, homes that are often small by European standards and with few green areas. Signs of change. In recent months, however, some media outlets have stopped talking about the virtues of the Tokyo model to become a question: “Is it still affordable to live there?” That is the doubt that I left bouncing in September The Japan Times in a article in which he confirms that (at least if we talk about the buying and selling market) the city is no longer within reach of any pocket. Tokyoites have encountered a price increase that affects both new housing and second-hand properties. And the latter usually wake up little interest among buyers. a study from the Tokyo Kantei company shows that it is no longer strange that the average price of a used apartment of 80 square meters exceeds 100 million yen, around 540,000 euros, with year-on-year increases that are even above 30%. Are there more indicators? Yes. They are just that, indicators, but at a minimum break the rhetoric that has surrounded the Tokyo real estate market until now. There are studies that speak of year-on-year price increases of 9% or even more than 60% if the focus is expanded and the data from 2021 and 2025 are compared. Prices are also growing in the metropolitan area (although to a lesser extent) and seem to be also affecting the rental market residential. In practice, this means that a family that a few years ago could acquire Quietly, a modern three-bedroom, 70 m2 apartment near the center of Tokyo for just over $400,000 is now forced to look at real estate agencies in other areas. And it doesn’t seem like that’s going to change. The latest data from Tokyo Kantei show that the price of a 70 m2 second-hand apartment is around 114 million yen, 34% more than in 2025. And what is the reason? Better to talk about “reasons”, in the plural. The analysts who have been launched To speculate on the reasons for the price increase, they point to the increase in material and labor costs, the influence of the pandemic on buyers’ tastes (they are now looking for houses with more rooms), the effect of historically low interest rates or simply the increase in demand for housing in Tokyo. While the rest of the country loses population, the capital remains more or less stable either even win residents. Exploring the market. There is another factor that helps understand Tokyo’s price rise, one that also has slipped in in it political debate: home purchases by foreigners, including those for speculative purposes. The weakness of the yen, the fact that Japanese real estate was more affordable than that of other countries and the lack of restrictions on foreign purchases has attracted the interest of investors of other nationalities, which has in turn been felt in the price per m2. The data are certainly eloquent. In … Read more

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