According to a study he conducted Financial Wellness Index, conducted by Advantere Management School for N26, more than half of Spaniards (51%) spend between 40% and 60% of their monthly income on rent or mortgage payments. This indicates that the cost of housing in Spain has increased significantly.
from research It shows that 26% of respondents are currently spending more than 10% more on housing costs compared to last year. Additionally, 41% of survey respondents are paying between 6% and 9% more for their homes than before. These high costs can put a heavy financial burden on many Spanish families.
There are large regional differences in the cost of housing in Spain. Catalonia and the Madrid region are among the most expensive regions. Of the participants who indicated that they spend between 40% and 60% of their income on housing, 15% live in Catalonia and 12% in the Madrid region.
The high cost of housing has a significant impact on the ability of Spaniards to afford other basic expenses. More than 40% of Spaniards indicate that they have no money left to buy food, electricity, water or a mobile phone at the end of the month. This situation repeats itself almost every month, indicating an alarming financial situation for many families.
High housing costs are putting severe pressure on the budgets of many Spanish families. Families sometimes have to make difficult choices between paying rent or mortgage and covering other basic expenses such as food, energy and communications.
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