As reported by the newspaper 20minutos, in our country “45% of tenants dedicate more than 40% of their income to pay the rent.” He also continues to emphasize that “Spain has one of the highest home ownership rates in Europe (76%) and one of the highest percentages of the population residing in property without a mortgage charge (47%)”. In this way, Spain is positioned as one of the countries with the most expensive rental income, ranking only behind Greece, Romania, Bulgaria and Luxembourg.
The cities where the increase in this rise has been most noticed are Madrid, Barcelona, Valencia and the Balearic and Canary Islands. These data translate into the fact that Spaniards have to make a great effort every month to be able to meet their rents.
Otherwise, it is the issue of mortgages, since in this case it is estimated that the monthly mortgage payment is 15%, 25% less than the rental payment.
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