‘We want neighbors, not tourists.’ Madrid’s renters march with message for the boom economy
Thousands of protesters gathered in Madrid to voice their concerns over rising housing costs that are making it difficult for many Spaniards to find affordable rentals. The demonstration highlighted the impact of tourism and population growth on the housing market, exacerbating the crisis. Despite government efforts to address the issue, many renters feel that their situation is worsening due to evictions and price increases.
- ▪Protesters in Madrid chanted slogans and held banners demanding their right to housing.
- ▪Spain's housing crisis is a significant political issue for Prime Minister Pedro Sánchez ahead of the 2027 elections.
- ▪Housing costs in Spain have risen nearly 13% year-on-year, with a shortage of 700,000 homes according to the Bank of Spain.
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Thousands of people rallied in central Madrid on Sunday against spiraling housing costs that have priced many Spaniards out of the housing market despite a recent economic boom, particularly in cities such as the capital and Barcelona.Recommended Video Spain’s housing crisis is one of Socialist Prime Minister Pedro Sánchez’s main political vulnerabilities before elections in 2027. The country has a strong tradition of homeownership and scant public housing for rent, while rents have been driven up by increased demand, including due to tourism and population growth linked to immigration, analysts say. The protesters chanted slogans and held banners highlighting their right to housing. “We want neighbors, not tourists,” one banner read.
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