Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

How Spain's Social Housing Imploded

Source: Reuters - Fri 24th Oct 2014
How Spain's Social Housing Imploded

Social housing in Spain is not generous.

Rented social housing makes up just 2% of all residential property compared with 18% in Britain and 17% in France, according to the European Federation of Public, Cooperative and Social Housing.

The country's investment in social housing is just 0.79% of GDP, about half the European average, according to Human Rights Watch.

Rather than offer subsidies to help people rent cheaply, Spain's government has focused on helping people to buy. Social housing tenants have typically rented for around 10 years and then been given the option to buy.

The property crash has torpedoed that policy. Rent-to-buy agreements set the purchase price at the start of the rental lease. When prices rise, that works. But any flats coming up for sale now were priced at the height of the boom. Today's buyers would likely pay above a property's current market value.

Recommended Reading :

* Spain house prices up 0.8% year-on-year

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs