barcelona housing

Càritas calls for more affordable housing for people in vulnerable situation

New accommodation for young and old people, as well as refugees, to meet needs of the city

The annual report from real estate agency ‘Fotocasa’ revealed that in 2016 Barcelona topped the ranking of rent prices in the whole of Spain. The high levels of tourism and the rotation of those professionals who work for multinational companies and set up temporarily in the Catalan capital contributed to this rise. On average, renting in Barcelona costs 15.16 euros per square metre, which is 13.7% more than last year. Moreover, it is the first time in the historic series that the rent prices exceed those registered before the economic crisis in 2007. Renting in Catalonia was 14.6% more expensive in 2016 than in the previous year, a figure which is higher than the Spanish average. 

In larger cities, the new housing stock is much smaller and in Barcelona it is almost non existent. However, in other towns and rural areas the current stock will not be completely absorbed until 2015, according to a study from CatalunyaCaixa. Prices will stabilise in larger cities and still drop by 10% where the larger stocks are concentrated. The Catalan housing market is now in better shape than in the rest of Spain. In Catalonia the new housing stock decreased by 2,000 units, while in Spain as a whole it increased by 2%.