Thousands took to the streets across cities in Spain on Saturday (April 5) to demand more affordable housing, saying tourism, speculation and a rentier economy are driving prices beyond reach.
Spain is struggling to balance tourism growth with rising public concern over high rents fuelled by gentrification and short-term tourist rentals.
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Spain is struggling to balance tourism growth with rising public concern over high rents fuelled by gentrification and short-term tourist rentals.
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00Thousands took to the streets across cities in Spain on Saturday to demand more affordable
00:10housing, saying tourism, speculation and a rentier economy are driving prices beyond
00:16reach.
00:17Spain is struggling to balance tourism growth with rising public concern over high rents
00:22fuelled by gentrification and short-term tourist rentals.
00:52According to the Central Bank, nearly 40% of renting families in Spain spend almost
01:02half their income on housing.
01:05Since the 2020 pandemic, the supply of rental homes has also halved.
01:10While the government scrapped the Golden Visa scheme last year to curb property speculation,
01:15residents say more must be done to ensure affordable housing.
01:22.
01:23.
01:24.
01:25.