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2025-04-19

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Spain | Rent Prices Soar, Hundreds of Thousands Take to the Streets to Protest

Spain | Rent Prices Soar, Hundreds of Thousands Take to the Streets to Protest
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Last weekend, hundreds of thousands of people protested in about 40 cities across Spain, dissatisfied with the housing crisis caused by soaring rents and the influx of tourists. The Madrid Tenant Union pointed out that around 150,000 people took to the streets on April 5, shouting "We must defend the right to housing." Over the past decade, housing prices in Spain have increased by 44%, while rents have doubled, far outpacing wage growth. Since the pandemic, the supply of rental properties has been cut in half.

Last weekend, large-scale protests were held in about 40 cities across Spain, with hundreds of thousands taking to the streets to express their dissatisfaction with the rising rents and the housing crisis triggered by the surge in tourists. The Madrid Tenants Union pointed out that approximately 150,000 people participated in the demonstration on April 5, chanting the slogan "Whoever is in power must defend the right to housing."

According to data from real estate websites, property prices in Spain have risen by 44% over the past decade, while rents have doubled, a significant increase that far exceeds wage growth. Additionally, since the pandemic in 2020, the supply of rental housing in Spain has halved.