BREAKING NEWS

BREAKING NEWS

Property boom leads to demonstrations in Spain

Now Reading:

Property boom leads to demonstrations in Spain

Text size Aa Aa

Thousands of young people in Spain have held demonstrations in more than 50 towns across Spain – to demand affordable housing. The country is experiencing a property price boom and many are finding it is now impossible to buy their own homes as a result.

Prices have rocketed by as much as 150 percent since 1997. In Madrid, police say hundreds took to the streets, to call for what they describe as “decent living conditions”. An apartment of 40 square metres in the capital city costs around 240 thousand euros. In Barcelona, more than a thousand gathered to make their voices heard, according to official estimates. Property prices here are the most expensive in the country.