Spain Needs 2 Million Rental Homes

25 May 2020 – Brainsre.news

The rental home market is booming, forced by the ever-tougher climate in the purchase market and, now, the crisis generated by Covid-19, which is also pushing property developers to offer properties via the build to rent route.

In Spain, there is a growing imbalance between rental needs and the available supply, with 23% of the population now living in rental properties compared to the EU average of 34%. That translates into the need to build around 2 million homes for rent in the country.

House purchases have basically been supported by the repositioning market in recent years, whilst demand from young people has continued to shrink due to the tightening of access conditions and job insecurity. During the post-coronavirus crisis, this situation is expected to get even tougher.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

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