The graph shows that since our parents bought their homes in 1980, housing prices have increased by 88% relative to salaries (and in Europe only by 10%).
World1 source1 country🔦 Under-reported17m ago
Data regarding housing affordability in Spain indicates a significant divergence between property price growth and wage increases since 1980. According to recent analysis, housing costs have surged by 88 percent relative to wages compared to the baseline period of the 1980s when previous generations purchased homes.
This trend in Spain contrasts sharply with the broader European average, where the disparity between housing prices and wage growth stands at approximately 10 percent. The figures challenge common narratives attributing younger generations' difficulties in accessing property ownership to personal consumption habits such as traveling or a lack of savings.
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Infobae (Buenos Aires, Argentina) (AR)Contrasts Spanish housing affordability struggles with personal lifestyle narratives.