He House prices in Spain have risen 34% in the last decadewhich is ten points more than the average salary, according to data from the report carried out by the real estate portal pisos.comwhich confirms that the loss of purchasing power of a large part of society, as well as the difficulty of accessing home ownership, are two of the major problems suffered by the real-estate market actual.
Specifically, the study shows how In March 2014, the price per square meter stood at 1,658 euros on average at the national level, or what is the same, 34.56% less than the same month of this year (2,231 euros).
«The data is very clear and shows a clear upward trend in the price level of housing in the last decade, which spreads more or less regularly throughout the national territory, with special emphasis on areas of high demand such as Basque Country, Madrid, Catalonia or the Balearic Islands«explained the director of studies of pisos.comFerran Font.
In this way, if A decade ago there were only three autonomous communities where the square meter exceeded 2,000 euros —Basque Country (2,879 euros/square meters), Balearic Islands (2,172 euros/square meters) and Madrid (2,143 euros/square meters)—, currently there are already six the regions that far exceed this figure, among which stand out Balearics (4,268 euros/square meters), Madrid (4,020 euros/square meters), Basque Country (3,119 euros/square meters) and Catalonia (2,758 euros/square meters).
The report confirms that Citizens have been losing purchasing power and savings capacity due to the freezing of salaries. Thus, according to the latest data available from the Tax Agency (2022), the average annual salary In Spain it is located in the 22.781 euros, ‘only’ 23.68% more than a decade ago (18,420 euros), that is, an increase 11 points lower than that of the price of housing.
«This is, without a doubt, one of the great challenges that the real estate sector has on the table. Public administrations, together with the sector, will have to overcome this to include different generations and economic capacities in the market,” Font said.
