The Spanish Government takes measures against the pre-election real estate crisis

The Spanish government took steps to help young people who could not leave their family home because the rents were too high.

In the country, which is preparing to hold local elections on May 28 and general elections within a year, the center-left government is implementing a very important project to capture the vote of young people. In the country where millions of young people still live with their families, the government plans to rent out apartments that have been vacant for years as a result of the collapse of the housing market to young people for low wages.

The Spanish Government has today approved a plan to offer young people 50,000 disused homes at low rent. The plan, which envisions limiting rent increases in regions where rents are rising uncontrollably, was also accepted by parliamentary parties last week.

Within the scope of the plan, it is planned to build 10,000 low-income homes on 112 plots of land in the first stage.

MILLIONS OF YOUNG SPANISH FAMILIES LIVE

Like Turkey, Spain, which has experienced a housing crisis as a result of rising rental prices in recent years, is among the countries with the highest rate of young people unable to leave their family home in Europe. Only 16 percent of young people in Spain can leave home; that is half the European average.

Economy Minister Nadia Calvino said they aim to increase the number of low-rent housing. Housing Minister Raquel Sánchez said: “Young people and those who are not so young cannot pay the rent. “We believe this measure will work, and that’s not our only plan,” she said.

Rents have increased very rapidly in recent years due to short-term housing rental practices for foreign visitors, especially in the tourist regions of Spain. In Malaga, in the south of the country, rents rose 20 percent in the first quarter of this year, while the number of vacant homes fell 27 percent.